620 N Orange Drive

    Los Angeles (City), CA 90036
    • $1,399,000
    • STATUS: Active Under Contract
    • ON SITE: 29 days
    • MLS #: 18336662
    Under Contract
    UPDATED: 45 min ago
    $1,399,000
    • 2
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,826
      SQFT
    • $766
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Rare Developer Opportunity: three 5,400 square foot lots side by side, offered for sale at the same time. Zoned LARD 1.5. (Note that 2 of the 3 lots are listed by other brokers: MLS No. 18-336260 and MLS No. OC18074567MR.) According to preliminary analyses, it appears possible to build between 7 and 9 units on 2 adjacent parcels - and even more with the 3rd parcel. (Buyer to verify.) Alternately, this charming 1920's duplex is perfect for the owner/user who wants to offset the mortgage with significant rental income and substantial upside potential, located in one of LA's best rental markets. Melrose is half a block away, together with all the shops, art galleries and restaurants on Fairfax, LaBrea and Highland. Original finishes remain intact: hardwood floors throughout, hand-crafted wood windows & doors, true 3-coat plaster inside and out, antique brass fixtures, artisanal tile, and details that make homes of this era so desirable. An attractive investment for a variety of reasons.

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    ©2018 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2018-05-24T20:37:15.697. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/82908278

    620 N Orange Drive Los Angeles (City), CA 90036

    • Price: $1,399,000
    • Status: Active Under Contract
    • Updated: 45 min ago
    • MLS #: 18336662
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,826
    SQFT
    $766
    $/SQFT
    1924
    Built
    Neighborhood:
    Hancock Park-Wilshir
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshir
    Property Description
    Rare Developer Opportunity: three 5,400 square foot lots side by side, offered for sale at the same time. Zoned LARD 1.5. (Note that 2 of the 3 lots are listed by other brokers: MLS No. 18-336260 and MLS No. OC18074567MR.) According to preliminary analyses, it appears possible to build between 7 and 9 units on 2 adjacent parcels - and even more with the 3rd parcel. (Buyer to verify.) Alternately, this charming 1920's duplex is perfect for the owner/user who wants to offset the mortgage with significant rental income and substantial upside potential, located in one of LA's best rental markets. Melrose is half a block away, together with all the shops, art galleries and restaurants on Fairfax, LaBrea and Highland. Original finishes remain intact: hardwood floors throughout, hand-crafted wood windows & doors, true 3-coat plaster inside and out, antique brass fixtures, artisanal tile, and details that make homes of this era so desirable. An attractive investment for a variety of reasons.
    Exterior Features

    Building Style Spanish Carport Or Covered Spaces 2 Exterior Construction Stucco Lot Dimensions 45X120 Pool No Total Other Spaces 0 Total Parking Spaces 4

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 2.00 Cooling Type None Fireplace No Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 43260.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 43260.00 Gross Schedule Inc 0.00 Lot Size Source (Other) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 41760.00 Number Of Buildings 2 Operating Expenses 0.00 Possession NegotiableTenants Rights Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Other Tax Rate 0.00 Total Annual Op Exp 1500.00 Total Taxes 0.00

    Listing information © 2018 California Desert Association of Realtors.
    Listing provided courtesy of Brian Linder of Deasy Penner & Partners.
    ©2018 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2018-05-24T20:37:15.697. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Hacienda Group Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253