1032 South Orange Drive

Los Angeles, CA 90019

$2,350,000
Price
8
Beds
4
Baths
5,136 Sq. Ft.
$458 / Sq. Ft.
5,136
Sq. Ft.
$458
per Sq. Ft.

Description

Price reduction! Bring all Offers. RARE 4-unit income property in the incredible Miracle Mile / Hancock Park location of Los Angeles. The owner has spared no expense in renovating the units, including all plumbing and electricity, exterior fixtures, kitchens, and bathrooms. Truly one of the most sought-after locations in Los Angeles, this property is an ideal purchase for both Investors and Owner/Users alike. Located near the corner of Olympic and La Brea only a few minutes from the 10 Freeway and...Price reduction! Bring all Offers. RARE 4-unit income property in the incredible Miracle Mile / Hancock Park location of Los Angeles. The owner has spared no expense in renovating the units, including all plumbing and electricity, exterior fixtures, kitchens, and bathrooms. Truly one of the most sought-after locations in Los Angeles, this property is an ideal purchase for both Investors and Owner/Users alike. Located near the corner of Olympic and La Brea only a few minutes from the 10 Freeway and the Expo Line and steps away from the new Purple Line, this location is an ideal living situation for all.
  1. Listed by Jacob Plewa • DRE #02041641 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 1032 South Orange Drive

Zoning
LARD1.5
Parcel Number
5084011026
Total Units
4.0
Living Area
5136
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
25%
Lot Size Area
6564
LISTING UPDATED: 10/31/2024 09:26 AM

Property Details for 1032 South Orange Drive

StatusActive
MLS #24-430437
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.15 AC / 6,564 SF
CountyLos Angeles County

Building Information for 1032 South Orange Drive

Stories2Residences-Year Built1928Building Size-Lot Size0.15 AC / 6,564 SF

Property Information for 1032 South Orange Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $145,232
  • Net Operating Income: $103,282.00
  • Gross Income: $149,724
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $15.70
  • Total Annual Expense: 41950
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1507
  • Lot Size Square Feet: 6564
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Dishwasher, Intercom, Microwave
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $11,600.00
  • Unit Projected Rent: $16,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $508,544.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,186,604.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,695,148.00

Property History for 1032 South Orange Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1032 South Orange Drive

Taxable ValueLand$2,361,187Additions$588,970Total$2,950,157
Tax Record2024$37,597 ($3,133 / month)
Home Facts
Total Finished SqFt7,300 SqFtAbove Grade Finished SqFt7,300 SqFtStories1Lot Size7,379 SqFtStyleLight IndustrialYear Built1923ZoningLAMR1CountyLOS ANGELESAPN5532-029-011

Schools near 1032 South Orange Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1032 South Orange Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on August 21, 2024 by REMAX COMMERCIAL & INVESTMENT REALTY, it's currently listed at $2,350,000. It has been on the market for a total of 122 days and was last sold on November 14, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Crest Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Los Angeles Senior High School. 1032 South Orange Drive is a 8-bed, 4-bath, 5,136 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa, DRE #02041641

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.