Properties
Los Angeles, CA 90036 617 N Orange Drive
$5,250,000
4 more
Presented By: David Miller with Miller & Desatnik Realty Co.;
Beds • 20
Baths • 20
SQFT • 15,000
Home Details
20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.
Presented By: David Miller with Miller & Desatnik Realty Co.;
Interior Features for 617 N Orange Drive
Bedrooms
Total Bedrooms20
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths20
Other Interior Features
LivingAreaSourceAssessor
Heating Y/NYes
Total Stories2
General for 617 N Orange Drive
AppliancesRefrigerator
Cap Rate4.49
CityLos Angeles
CountyLos Angeles
DirectionsNorth of Beverly, South of Melrose, between La Brea & Highland
Full Baths
Gross Income426653
HOANo
HeatingWall Furnace
LevelsMulti/Split
Living Area15000
Lot Size Square Feet13377
Lot Size UnitsSquare Feet
MLS AreaC18 - Hancock Park-Wilshire
Net Operating Income235808
New ConstructionNo
Number Of Units Total20
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Virtual TourClick here
Year Built1964
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 617 N Orange Drive
Building Area Total15000
Lot Size Acres0.3071
Lot Size Area13377
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesNone
Total Parking22
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
