Active
1858 S Orange Drive
Los Angeles CA, 90019
$2,200,000
$362.74 per sqft
Active
6,065 sqft
Multi-family
Built in 1928
Listed by Leonardo Aguilar with Divinus Real Estate Solutions 562-659-2686
Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 7-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential.
Opportunity for long-term appreciation in a market poised for equity.
The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment.
The property's strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops--all within walking distance. The area's rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes.
The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles' 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
DW24207518
MLSⓇ ID
October 6, 2024
Listed
October 22, 2024
Updated
Map
1858 S Orange Drive
Los Angeles CA, 90019
Interior Features
Total Stories
2
Laundry Description
Common Area, Inside
Floor Description
Carpet, Laminate, Tile, Vinyl
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Exterior Features
Rain Gutters
Lot Features
0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Paved
Architectual Style
Custom, Spanish
Roof
Common Roof, Flat, Flat Tile, Mixed, Other, Spanish Tile
Sewer
Public Sewer
Other Property Details
Area Name
C17 - Mid-Wilshire
Taxes
$10,995
Tax Frequency
Annually
Days on Market
15
Garage
No
Parking
Electric Gate
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing Contact: 562-353-9064
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/22/2024 at 10:44 AM UTC