1114 South Orange Drive

Los Angeles, CA 90019

$2,399,000
Price
6
Beds
5
Baths
5,666 Sq. Ft.
$423 / Sq. Ft.
5,666
Sq. Ft.
$423
per Sq. Ft.

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.
  1. Listed by Jenny Um • DRE #01373522 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 1114 South Orange Drive

Zoning
LAR2
Style
Mediterranean
Parcel Number
5084020008
Total Units
4.0
Living Area
5666
Source Living Area
Assessor
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
LISTING UPDATED: 11/23/2024 02:53 PM

Property Details for 1114 South Orange Drive

StatusActive
MLS #24-455707
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.17 AC / 7,284 SF
CountyLos 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

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: 2
  • Type Of Units: 4 UNIT
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $199,200
  • Net Operating Income: $174,200.00
  • Gross Income: $199,200
  • Gross Rent Multiplier: $.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 25000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1672
  • Lot Size Square Feet: 7284
Parking Details
Parking Details
  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 6
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central, Wall Unit(s)
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Stone, Laminate, Other, Mixed, Ceramic Tile
  • Equipment: Dishwasher, Dryer
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-23-2024
  • Tenant Pays: Insurance, Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $611.82
  • Unit Actual Rent: $611.82
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $918,000.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $612,000.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $1,530,000.00

Property History for 1114 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 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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1114 South Orange Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 22, 2024 by eXp Realty of California Inc, it's currently listed at $2,399,000. It has been on the market for a total of 72 days and was last sold on November 23, 2021. 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. 1114 South Orange Drive is a 6-bed, 5-bath, 5,666 sqft multi-family home built in 1941.

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 eXp Realty of California Inc, Jenny Um, DRE #01373522

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.