1858 South Orange Drive

Los Angeles, CA 90019

$2,200,000
Price
5
Beds
7
Baths
6,065 Sq. Ft.
$363 / Sq. Ft.
6,065
Sq. Ft.
$363
per Sq. Ft.

Description

Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 7-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential. Opportunity for long-term appreciation in a market poised for equity. The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand....Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 7-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential. Opportunity for long-term appreciation in a market poised for equity. The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment. The property’s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops—all within walking distance. The area’s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes. The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
  1. Listed by Leonardo Aguilar • DRE #02051905 • Brokerage DRE #02055098 • Divinus Real Estate Solutions • 562-659-2686

Property Details for 1858 South Orange Drive

Architectural Style
Custom Built, Spanish
Parking Spaces Total
7
Private Pool
No
Cooling Type
None
Total Units
7.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6065
LISTING UPDATED: 10/21/2024 06:30 AM

Property Details for 1858 South Orange Drive

StatusActive
MLS #DW24207518
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1928
Lot Size0.15 AC / 6,743 SF
CountyLos Angeles County

Building Information for 1858 South Orange Drive

Stories2Residences-Year Built1928Building Size-Lot Size0.15 AC / 6,743 SF

Property Information for 1858 South Orange Drive

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,096
  • Gross Scheduled Income: $126,396
  • Vacancy Allowance: 0
  • Gross Operating Income: $129,096
  • Net Operating Income: $95,965
  • Number Of Rented Garages: 7
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $2,700
  • Other Income Description: N/A
  • Cap Rate: 4.36
  • Current Financing: None
Expense Details
  • Operating Expense: $33,131
  • Gardener Expense: $960
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $8,000
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $1,080
  • Other Expense Description: CAM
  • Trash Expense: $3,456
  • Water Sewer Expense: $8,400
  • Supplies Expense: $0
  • Total Expenses: $33,131
Tax / Assessment Info
  • Tax Year: 2024
  • Tax Annual Amount: $10,995
  • Tax Block: 5
  • Tax Tract Number: 5955
  • Tax Census Tract: 2183.00
  • Tax Lot: 24
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Tile, Vinyl
Exterior Features
  • Window Features: Insulated Windows, Screens
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Asphalt, Concrete, Drywall Walls, Other
  • Exterior Construction: Asphalt, Concrete, Other
  • Exterior Features: Rain Gutters
  • Roof: Common Roof, Flat, Flat Tile, Mixed, Other, Spanish Tile
  • Entry Location: Front
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link, New Condition
  • Foundation Details: Slab
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: N/A
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Paved
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Auto Driveway Gate
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Auto Driveway Gate
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $8,697
  • Unit Type Pro Forma: 3425
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,781
  • Unit Type Total Rent: $1,781
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 0
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Number Wall AC: 0

Property History for 1858 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 1858 South Orange Drive

Taxable ValueLand$487,861Additions$348,471Total$836,332
Tax Record2024$11,191 ($933 / month)
Home Facts
Total Finished SqFt6,065 SqFtAbove Grade Finished SqFt6,065 SqFtLot Size6,741 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLARD1.5CountyLOS ANGELESAPN5067-015-024

Schools near 1858 South Orange Drive

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

Emerson Community Charter School
Charter6 to 8

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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1858 South Orange Drive is a mixed use property for sale in Los Angeles, CA 90019. This property was listed for sale on October 5, 2024 by Divinus Real Estate Solutions, it's currently listed at $2,200,000. It has been on the market for a total of 46 days and was last sold on February 27, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Los Angeles Senior High School. 1858 South Orange Drive is a 5-bed, 7-bath, 6,065 sqft mixed use property 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 Divinus Real Estate Solutions, Leonardo Aguilar, DRE #02051905

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.