$3,750,000 Price Analysis   ♡   Los Angeles, CA 90019 17 bed 18 bath 7,002 SqFt ($535/SqFt) 7,004SqFt lot. Built 2022 Listed 2024-04-08, Taxes $10,926 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
1414 S Orang Dr
A fantastic 5-unit investment property located in Mid City in Los Angeles, CA. Appraised in February 2023 for $4, 050, 000!!! This pleasing new construction cash-flowing property sits on a 0.16-acre lot with over $141, 000 in capital improvements added in the past year. Some of the recent improvements include EV charging stations, nest thermostats, private yards and a new private fence line, enclosed garages, eco-friendly irrigation systems, brand-new LG washer/dryers, sliding glass doors and beautifully designed landscaping.
This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 5 vast units and 7, 002 square feet of living area in total. The property features (1) 3 bed 3.5 bath unit, (2) 4 bed 4.5 bath units and (2) 3 bed 2 bath units across three separate structures. All of the units have been extensively upgraded and rented at market to strong tenants. 1414 S Orange Dr, nestled in a prime pocket of Mid City, offers strong Day 1 cash flow operating at 5.02% Cap Rate and 14.21 GRM.
Presented by Jake Glaser at
Lyon Stahl Investment Re, Inc.
Property MLS #24-377541 from TheMLSCLAW
Full Bathrooms: 18
Oven
Gas
Laundry Facilities: In Unit
Laundry Features: In Unit
Heating Features: Central
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7004
Parking Total: 12
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 4000, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 4000, 3 BedsTotal: 3, 3 BathsTotal: 3.5, 3 SquareFeet: 4700, 4 BedsTotal: 4, 4 BathsTotal: 4.5, 4 SquareFeet: 5200, 5 BedsTotal: 4, 5 BathsTotal: 4.5, 5 SquareFeet: 5200
County: Los Angeles
Cap Rate: 5.15
Directions: Located N. of Venice Blvd on S. Orange Dr.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5070-018-007
Postal Code Plus 4: 4122
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $525,588 + $376,321 $901,909 | $10,926 |
| 2021 | $515,283 + $368,943 $884,226 | $10,786 |
| 2020 | $510,000 + $365,160 $875,160 | $10,894 |
| 2019 | $25,910 + $30,298 $56,208 | $1,052 |
| 2018 | $25,402 + $29,704 $55,106 | $938 |
| 2017 | $24,904 + $29,122 $54,026 | $924 |
| 2016 | $24,416 + $28,551 $52,967 | $878 |
| 2015 | $24,050 + $28,123 $52,173 | $868 |
| 2014 | $23,579 + $27,573 $51,152 | $888 |
| 2013 | $23,473 + $27,449 $50,922 | $883 |
| 2012 | $23,013 + $26,911 $49,924 | $894 |
| 2010 | $22,562 + $26,384 $48,946 | $897 |
| 2009 | $22,448 + $26,250 $48,698 | $862 |
| 2009 | $22,394 + $26,187 $48,581 | $862 |
| 2008 | $22,008 + $25,736 $47,744 | $836 |
| 2007 | $21,577 + $25,232 $46,809 | $803 |
$3,750,000
TheMLSCLAW
Listed 2024-04-08
$3,675,000
TheMLSCLAW
Sold 2022-05-17
$3,970,000
CRMLS
Sold 2019-05-13
$858,000
TheMLSCLAW
Year Built: 2022
Levels: Multi Levels
Living Area Source: Developer
Property Age: 2
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Builder
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.