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    1114 S Orange Dr

    Los Angeles, CA 90019
    • $1,499,000
    • STATUS: Active Under Contract
    • ON SITE: 147 Days
    • MLS #: 21-732974
    Under Contract
    UPDATED: 129 min ago
    $1,499,000
    • 7
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,665
      SQFT
    • $265
      $/SQFT
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Location, Location, Location!!! **LOWEST PRICE PER SFT** The well-maintained property renovated in 2010 consists of two one-bedroom units, one four-bedroom unit and a one-bedroom additional unit. The 7,281 square foot lot + 5,065 square foot main building + a brand new 600 square foot one bedroom and one bathroom ADU has a total 5,665 square foot living area located within a highly desirable pocket of Mid-City Los Angeles. The property sits at HPOZ zoning and is a walking distance to La Brea Avenue providing convenient access to daily errands, retail and entertainment venues. The owner is in the process of completing the ADU and the CoFO will be delivered before the close of escrow. The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1114 South Orange Drive an excellent investment opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T23:43:06.8. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/117480044
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    1114 S Orange Dr Los Angeles, CA 90019

    • Price: $1,499,000
    • Status: Active Under Contract
    • Updated: 129 min ago
    • MLS #: 21-732974
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,665
    SQFT
    $265
    $/SQFT
    1941
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    Location, Location, Location!!! **LOWEST PRICE PER SFT** The well-maintained property renovated in 2010 consists of two one-bedroom units, one four-bedroom unit and a one-bedroom additional unit. The 7,281 square foot lot + 5,065 square foot main building + a brand new 600 square foot one bedroom and one bathroom ADU has a total 5,665 square foot living area located within a highly desirable pocket of Mid-City Los Angeles. The property sits at HPOZ zoning and is a walking distance to La Brea Avenue providing convenient access to daily errands, retail and entertainment venues. The owner is in the process of completing the ADU and the CoFO will be delivered before the close of escrow. The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1114 South Orange Drive an excellent investment opportunity.
    Exterior Features

    Covered Parking 1 Entry Location Ground Level W/Steps Exterior Construction Stucco Levels Multi/Split Lot Size Area 7281 Other Structures Accessory Dwelling Unit Parking Garage Garage - 1 CarUncoveredParking Space Patio Features None Paved YN Yes Total Parking 1 View Description None View YN No

    Interior Features

    Bathroom Features Tile Baths Total 5.00 Common Walls Attached Cooking Appliances GasOven-GasRange Cooling CentralWall/WindowWall Unit(S) Equipment RefrigeratorRange/OvenStackable W/D Hookup Fireplace Rooms Living RoomDining Flooring HardwoodCarpet Heating CentralWallWall Gas Laundry Laundry Area Water Heater Features GasCentral Water Heater

    Property Features

    Alley YN No Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Water Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Leased Source Living Area Owner Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 24875 Type Of Units Multi-Family Water Meter On Property Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Kevin Danialifar DRE#01904911 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T23:43:06.8. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253