630 N Orange Drive

    Los Angeles (City), CA 90036
    • $2,350,000
    • STATUS: Active
    • ON SITE: 92 days
    • ID#: OC18074567
    UPDATED: 54 min ago
    $2,350,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,830
      SQFT
    • $614
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    This turnkey 4-UNIT property offers investors a unique and rare opportunity to acquire an investment property in one of LA+GGs best rental markets with promising rental upside. It is located in highly desirable HANCOCK PARK, a densely populated rental submarket of Los Angeles known for excellent rent growth and low vacancy rates. The property has been well maintained with many upgrades including new windows, new piping, new HVAC, kitchen and bathroom, and electrical. Each unit has its own in-unit washer/dryer hookups, refrigerator, stove and assigned private parking. Its transit-oriented and highly walkable location (WalkScore of 86) offers residents access to myriad entertainment venues, cultural destinations, and dining options nearby.Given its location and strong income potential, 630 North Orange Drive is an ideal investment for investors seeking long term wealth preservation and appreciation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T22:28:53.27. 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/82656880

    630 N Orange Drive Los Angeles (City), CA 90036

    • Price: $2,350,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: OC18074567
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,830
    SQFT
    $614
    $/SQFT
    1950
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    This turnkey 4-UNIT property offers investors a unique and rare opportunity to acquire an investment property in one of LA+GGs best rental markets with promising rental upside. It is located in highly desirable HANCOCK PARK, a densely populated rental submarket of Los Angeles known for excellent rent growth and low vacancy rates. The property has been well maintained with many upgrades including new windows, new piping, new HVAC, kitchen and bathroom, and electrical. Each unit has its own in-unit washer/dryer hookups, refrigerator, stove and assigned private parking. Its transit-oriented and highly walkable location (WalkScore of 86) offers residents access to myriad entertainment venues, cultural destinations, and dining options nearby.Given its location and strong income potential, 630 North Orange Drive is an ideal investment for investors seeking long term wealth preservation and appreciation.
    Exterior Features

    Carport Spaces 2.00 Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Garbage DisposalGas StoveRefrigeratorWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Cooling YN Yes Flooring Wood Heating Central Furnace Heating YN Yes Laundry Features StackableWasher HookupWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.27 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1440.00 Gross Income 144000.00 Gross Scheduled Income 144000.00 Improvements Amount 125000 Insurance Expense 1700.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Net Operating Income 122063.00 New Taxes Expense 30579.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 21937.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 12000.00 Total Expenses 3910.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Seller Zoning Lard1.5

    Listing provided courtesy of Regina Chen of Homesmart, Evergreen Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T22:28:53.27. 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.
     
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