1418 Orchard Avenue

Los Angeles, CA 90006

$1,450,000
Price
7
Beds
5
Baths
4,569 Sq. Ft.
$317 / Sq. Ft.
4,569
Sq. Ft.
$317
per Sq. Ft.

Description

Excellent opportunity to own this 5 units investment property (4 units & 1 detached SFR) situated in a corner lot, fully rented units, front building consist of 4- 1 bedroom and 1 bath and the rear building is a stand along 3 bedrooms and 1 bathroom. Closed proximity to USC campus, Exposition Park, California Science Center, the BMO stadium, LA memorial Coliseum, a few minutes from downtown Los Angeles, sports arenas, restaurants, shops, minutes to hot local spots, too many to mention. This property...Excellent opportunity to own this 5 units investment property (4 units & 1 detached SFR) situated in a corner lot, fully rented units, front building consist of 4- 1 bedroom and 1 bath and the rear building is a stand along 3 bedrooms and 1 bathroom. Closed proximity to USC campus, Exposition Park, California Science Center, the BMO stadium, LA memorial Coliseum, a few minutes from downtown Los Angeles, sports arenas, restaurants, shops, minutes to hot local spots, too many to mention. This property is a great opportunity to add to your portfolio, perfect for developers looking to renovate and or rebuild.
  1. Listed by Mauricio Calderon • DRE #01312011 • Brokerage DRE #02188471 • eXp Realty of Greater Los Angeles, Inc. • 888-652-1314

Property Details for 1418 Orchard Avenue

Architectural Style
Contemporary
View
None
Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4569
LISTING UPDATED: 10/03/2024 06:36 AM

Property Details for 1418 Orchard Avenue

StatusActive
MLS #BB24171904
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1903
Lot Size0.15 AC / 6,720 SF
CountyLos Angeles County

Building Information for 1418 Orchard Avenue

Stories2Residences-Year Built1903Building Size-Lot Size0.15 AC / 6,720 SF

Property Information for 1418 Orchard Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $93,039
  • Gross Scheduled Income: $93,039
  • Net Operating Income: $77,261
  • Garage Income: $2,460
Expense Details
  • Operating Expense: $15,778
  • New Taxes Expense: $4,736
  • Fuel Expense: $0
  • Licenses Expense: $410
  • Pest Control Expense: $250
  • Electric Expense: $0
  • Insurance Expense: $3,798
  • Maintenance Expense: $2,700
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,884
  • Total Expenses: $15,778
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 24
  • Tax Census Tract: 2211.10
  • Tax Lot: 24
Community / Development
Community / Development
  • Accessibility Features: See Remarks
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater
  • Equipment: None
  • Water Heater Features: Gas
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Common Roof
  • Entry Location: Front2
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $3,245
  • Unit Type Total Rent: $3,245
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,408
  • Unit Type Total Rent: $1,408
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,033
  • Unit Type Total Rent: $1,033
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $893
  • Unit Type Total Rent: $893
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $969
  • Unit Type Total Rent: $969
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 1418 Orchard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1418 Orchard Avenue

Taxable ValueLand$294,482Additions$20,232Total$314,714
Tax Record2024$4,807 ($401 / month)
Home Facts
Total Finished SqFt4,569 SqFtAbove Grade Finished SqFt4,569 SqFtLot Size6,718 SqFtStyleMulti-Family Res (5+ Units)Year Built1903ZoningLAR3CountyLOS ANGELESAPN5056-005-024

Schools near 1418 Orchard Avenue

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

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

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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1418 Orchard Avenue is a mixed use property for sale in Los Angeles, CA 90006. This property was listed for sale on August 24, 2024 by eXp Realty of Greater Los Angeles, Inc., it's currently listed at $1,450,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1418 Orchard Avenue is a 7-bed, 5-bath, 4,569 sqft mixed use property built in 1903.

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 Greater Los Angeles, Inc., Mauricio Calderon, DRE #01312011

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.