1048 S Orange Drive

    Los Angeles (City), CA 90019
    • $2,000,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: 18359812
    UPDATED: 50 min ago
    $2,000,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,600
      SQFT
    • $357
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    We are pleased to present 1048 S. Orange Dr., located in Los Angeles, California. Built in 1926, the property is comprised of four large 2 bedroom / 1 bathroom units that are approximately 1,400 SF each. The stunning property is a wood framed structure with full brick veneer, hardwood floors and crown moldings. A true value add opportunity with unit #3's lease coming up in November and rents approximately 35% below market, the offering allows an investor immense upside in a strong rental market. Its combination of architectural character and prime location make it a valuable asset for acquisition by an owner/user or a blue chip investment for your portfolio. Seller will not entertain any offer without full credit report, documentation for the funds, and/or pre-approval if a loan is required.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T09:26:19.143. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85106846

    1048 S Orange Drive Los Angeles (City), CA 90019

    • Price: $2,000,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 18359812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,600
    SQFT
    $357
    $/SQFT
    1926
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    We are pleased to present 1048 S. Orange Dr., located in Los Angeles, California. Built in 1926, the property is comprised of four large 2 bedroom / 1 bathroom units that are approximately 1,400 SF each. The stunning property is a wood framed structure with full brick veneer, hardwood floors and crown moldings. A true value add opportunity with unit #3's lease coming up in November and rents approximately 35% below market, the offering allows an investor immense upside in a strong rental market. Its combination of architectural character and prime location make it a valuable asset for acquisition by an owner/user or a blue chip investment for your portfolio. Seller will not entertain any offer without full credit report, documentation for the funds, and/or pre-approval if a loan is required.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 3.51 Gross Multiplier 18.55 Gross Operating Income 107832.00 Improvements Amount 45603 Land Value 65888 Laundry YN Yes Net Operating Income 70266.00 Special Listing Conditions Standard Total Expenses 34332.00 Zoning Lard1.5

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T09:26:19.143. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094