See all 19 photos

$2,200,000

Est. payment - /mo

Save

6,065 SqFt

Active

1858 S Orange DR Los Angeles, CA 90019

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/21/2024 08:30 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,065 sqft

Price per Sqft $362

MLS Listing ID DW24207518

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1928

Annual Tax Amount $10,995

Tax Year 2024

Lot Size 6,743 Sqft

Acres 0.1548

Lot Dimensions Assessor

Property Description

Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 7-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential.

Opportunity for long-term appreciation in a market poised for equity.

The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment.

The property?s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops?all within walking distance. The area?s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes.

The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles? 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area, Inside

Interior

Laundry Location Common Area,Inside

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Inclusions Contact Agent.

Fireplace No

Laundry Common Area, Inside

Exterior

Exterior Feature Rain Gutters

Garage Electric Gate

Fence Chain Link, New Condition

Pool None

Community Features Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Common Roof,Flat,Flat Tile,Mixed,Other,Spanish Tile

Parking Type Electric Gate

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Paved

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Custom, Spanish

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 5067015024

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, Fannie Mae, Freddie Mac, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, Fannie Mae, Freddie Mac, Submit

Special Listing Condition Standard

Listed by Leonardo Aguilar • Divinus Real Estate Solutions • 562-659-2686

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search