$1,585,000 Price Analysis 2622 S Orange DrLos Angeles, CA 90016 9 bed 5 bath 3,764 SqFt ($421/SqFt) 4,800SqFt lot. Built 1966 Listed 2024-04-29, Taxes $11,038 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This property presents an opportunity to acquire four big units with the potential for increased rental revenue. Of the four units, three have been recently renovated and one remains vacant in impeccable condition. The unit mix comprises one 3-bedroom, 2-bth unit and three 2-bedroom, 1.5-bath units.
The property offers ample onsite parking and the potential to convert the parking spaces beneath the building into ADUs (Accessory Dwelling Units), a popular option in the Mid City/West Adams area. Furthermore, this property is situated in an Opportunity Zone, representing a compelling investment opportunity. The presence of a vacant unit may a ppeal to potential FHA buyers and investors have the option to lease it at market rents.
Presented by Armin Soleimani at
Global Platinum Properties, Inc.
Property MLS #24-385755 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $267,941 + $634,313 $902,254 | $11,038 |
2021 | $262,688 + $621,876 $884,564 | $10,886 |
2020 | $259,995 + $615,500 $875,495 | $10,993 |
2019 | $254,898 + $603,432 $858,330 | $10,566 |
2018 | $249,900 + $591,600 $841,500 | $10,467 |
2017 | $245,000 + $580,000 $825,000 | $10,245 |
2016 | $235,493 + $470,994 $706,487 | $8,766 |
2015 | $231,956 + $463,920 $695,876 | $8,641 |
2014 | $227,413 + $454,833 $682,246 | $8,692 |
2013 | $226,386 + $452,778 $679,164 | $8,686 |
2012 | $221,948 + $443,900 $665,848 | $8,803 |
2010 | $217,597 + $435,197 $652,794 | $8,630 |
2009 | $216,485 + $432,972 $649,457 | $8,312 |
2009 | $215,971 + $431,945 $647,916 | $8,312 |
2008 | $212,241 + $424,483 $636,724 | $7,962 |
2007 | $208,080 + $416,160 $624,240 | $7,694 |
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.