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Listing 18 out of 104
$2,100,000 Pending

1048 South Orange Drive
Los Angeles, CA 90019

8 beds | Residential Income
5,600 sq ft - MLS# 19482624
Property Photo
1/10

Description

We are pleased to present 1048 S. Orange Dr., located in Los Angeles, California. Built in 1926 and renovated in 1984 and 2009, the property is comprised of four large 2 bedroom / 1 bathroom units that are approximately 1,400 SF each. For future redevelopment, it is important to note that the lot, at over 11,000 square feet, represents one of the bigger lots in the tract. The stunning property is a wood framed structure with full brick veneer, hardwood floors and crown moldings. A true value add opportunity, the property is 35% below market, allowing an investor immense upside in a strong rental market. Its combination of architectural character and prime location make it a valuable asset for acquisition by an owner/user or a blue chip investment for your portfolio.Amenities: Each unit has its own HVAC system, its own laundry room with a washer & dryer hookup, decorative fireplace mantel and formal dining room.

Features

  • Property Type: Residential Income
  • Sub Type: Fourplex
  • Listing Status: Pending
  • County/Area: Los Angeles County
  • Zip Code: 90019
  • Year Built: 1926
  • Subdivision/Neighborhood: Hancock Park-Wilshire (C18)
  • Sq.Ft.: 5,600 sq ft
  • Stories: 2-Story
  • Bedrooms: 8
  • # of Parking Spaces: 4
  • Zoning: LARD1.5
  • Adjusted Gross Income: 111432.00
  • Agent License Number: 01905352
  • Cap Rate: 3.27
  • City Code: 10000058287
  • Expense Total Annual: 42864.00
  • Gross Operating Income: 111432.00
  • Gross Rent Multiplier: 18.85
  • Lot Size SQFT: 11011
  • Lot Size Source: Vendor Enhanced
  • Net Operating Income: 68568.00
  • Number Of Buildings: 1
  • Total Floors: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 3100.00
  • Unit Monthly Rent02: 1722.00
  • Unit Monthly Rent03: 2317.00
  • Unit Monthly Rent04: 2147.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 2
  • Unit Number Of Bed03: 2
  • Unit Number Of Bed04: 2
  • Units In Complex: 4
  • h: 1.0
Courtesy of Marcus & Millichap, Filip Niculete (CalBRE: 01905352)


Gail Mercedes Cole (310) 853-9933

The Hills Premier Realty
9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212
Beverly Hills, CA 90212

This is not intended as a solicitation of prospective buyers or sellers who already have an exclusive agency agreement with another agent. All information deemed accurate but not guaranteed, CalDRE#00788828
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