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

 

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