1114 South Orange Drive
$2,399,000
6
5
5,666
5,666
$423
Description
Prime Investment Opportunity in Mid-City Los Angeles. The location of this property is truly exceptional. Recently renovated in 2024, this well-maintained multi-unit property offers a rare combination of modern upgrades and strong rental potential. The property consists of two spacious 1-bedroom, 1-bath units, a fully remodeled 3-bedroom, 2-bath unit, and a newly constructed 1-bedroom, 1-bath ADU, totaling 5,665 square feet of living space on a 7,281-square-foot lot. The two 1-bedroom units are each...Prime Investment Opportunity in Mid-City Los Angeles. The location of this property is truly exceptional. Recently renovated in 2024, this well-maintained multi-unit property offers a rare combination of modern upgrades and strong rental potential. The property consists of two spacious 1-bedroom, 1-bath units, a fully remodeled 3-bedroom, 2-bath unit, and a newly constructed 1-bedroom, 1-bath ADU, totaling 5,665 square feet of living space on a 7,281-square-foot lot. The two 1-bedroom units are each over 1,250 square feet, offering the potential to convert into 2-bedroom units, further increasing rental income opportunities. The remodeled 3-bedroom unit, spanning over 2,500 square feet, feels more like a single-family home, making it especially attractive to renters seeking luxury and space. It features European-finish fixtures, quartz countertops with a kitchen island, a Viking stove, updated stainless steel appliances, recessed lighting, and a new washer/dryer. Additionally, all units are equipped with their own washer and dryer, enhancing tenant convenience and desirability. Tenants pay for gas and electricity, leaving the owner responsible only for water and common area maintenance, ensuring an efficient cost structure and maximizing cash flow. The property benefits from its strategic location in the highly desirable Mid-City neighborhood, surrounded by ongoing gentrification and growing demand. Positioned in an HPOZ-zoned area, it offers convenient access to La Brea Avenue, where residents enjoy proximity to retail, entertainment, and daily necessities. With the newly constructed ADU adding additional rental income and the opportunity for further renovations to enhance rents, 1114 South Orange Drive represents an unparalleled investment opportunity. The combination of a prime location, superior future rental returns, and the value-add potential makes this property a must-see for savvy investors looking to capitalize on Mid-City's thriving rental market.
- Listed by Jenny Um • DRE #01373522 • Brokerage DRE #01022642 • eXp Realty of California Inc
Property Details for 1114 South Orange Drive
Zoning
LAR2
StyleMediterranean
Parcel Number5084020008
Total Units4.0
Living Area5666
Source Living AreaAssessor
AreaBeverly Center-Miracle Mile (C19)
Vacancy Rate0
LISTING UPDATED: 11/23/2024 02:53 PM
Property Details for 1114 South Orange Drive
Status | Active |
---|---|
MLS # | 24-455707 |
Days on Market | 72 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1941 |
Lot Size | 0.17 AC / 7,284 SF |
County | Los Angeles County |
Building Information for 1114 South Orange Drive
Stories2Residences-Year Built1941Building Size-Lot Size0.17 AC / 7,284 SF
Property Information for 1114 South Orange Drive
Property History for 1114 South Orange Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1114 South Orange Drive
Taxable ValueLand$624,240Additions$937,420Total$1,561,660
Tax Record2024$19,447 ($1,621 / month)
Home Facts
Total Finished SqFt5,066 SqFtAbove Grade Finished SqFt5,066 SqFtLot Size7,282 SqFtStyleTriplexYear Built1941ZoningLAR2CountyLOS ANGELESAPN5084-020-008
Schools near 1114 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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