CA > Los Angeles
Los Angeles, CA 90019,1114 S Orange DR
Los Angeles, CA 90019,1114 S Orange DR
Los Angeles, CA 90019,1114 S Orange DR
Los Angeles, CA 90019,1114 S Orange DR
Los Angeles, CA 90019,1114 S Orange DR
Los Angeles, CA 90019,1114 S Orange DR
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 2,399,000
Est. payment | /mo

6 Beds

5 Baths

5,666 SqFt

Save
$ 2,399,000
Est. payment | /mo
Save

6 Beds

5 Baths

5,666 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,666 sqft

Price per Sqft $423

MLS Listing ID 24455707

Bedrooms 6

HOA Y/N No

Year Built 1941

Lot Size 7,283 Sqft

Property Description

Prime Investment Opportunity in Mid-City Los Angeles. The location of this property is truly exceptional. Recently renovated in 2024, this well-maintained multi-unit property offers a rare combination of modern upgrades and strong rental potential. The property consists of two spacious 1-bedroom, 1-bath units, a fully remodeled 3-bedroom, 2-bath unit, and a newly constructed 1-bedroom, 1-bath ADU, totaling 5,665 square feet of living space on a 7,281-square-foot lot.The two 1-bedroom units are each over 1,250 square feet, offering the potential to convert into 2-bedroom units, further increasing rental income opportunities. The remodeled 3-bedroom unit, spanning over 2,500 square feet, feels more like a single-family home, making it especially attractive to renters seeking luxury and space. It features European-finish fixtures, quartz countertops with a kitchen island, a Viking stove, updated stainless steel appliances, recessed lighting, and a new washer/dryer. Additionally, all units are equipped with their own washer and dryer, enhancing tenant convenience and desirability. Tenants pay for gas and electricity, leaving the owner responsible only for water and common area maintenance, ensuring an efficient cost structure and maximizing cash flow. The property benefits from its strategic location in the highly desirable Mid-City neighborhood, surrounded by ongoing gentrification and growing demand. Positioned in an HPOZ-zoned area, it offers convenient access to La Brea Avenue, where residents enjoy proximity to retail, entertainment, and daily necessities. With the newly constructed ADU adding additional rental income and the opportunity for further renovations to enhance rents, 1114 South Orange Drive represents an unparalleled investment opportunity. The combination of a prime location, superior future rental returns, and the value-add potential makes this property a must-see for savvy investors looking to capitalize on Mid-City's thriving rental market.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR2

Interior

Heating Central, Wall Furnace

Cooling Central Air

Flooring Laminate, Stone

Fireplace No

Appliance Dishwasher, Dryer

Exterior

Parking Features Door-Multi, Garage

Garage Spaces 2.0

Garage Description 2.0

Attached Garage No

Total Parking Spaces 6

Building

Story 2

Entry Level One

Architectural Style Mediterranean

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5084020008

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jenny Um • eXp Realty of California Inc
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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1114 S Orange DR