Properties

Los Angeles, CA 90019 1858 S Orange Drive

1858 S Orange Drive Los Angeles, CA - Image 11858 S Orange Drive Los Angeles, CA - Image 21858 S Orange Drive Los Angeles, CA - Image 3
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1858 S Orange Drive Los Angeles, CA - Image 41858 S Orange Drive Los Angeles, CA - Image 51858 S Orange Drive Los Angeles, CA - Image 61858 S Orange Drive Los Angeles, CA - Image 71858 S Orange Drive Los Angeles, CA - Image 81858 S Orange Drive Los Angeles, CA - Image 91858 S Orange Drive Los Angeles, CA - Image 101858 S Orange Drive Los Angeles, CA - Image 111858 S Orange Drive Los Angeles, CA - Image 121858 S Orange Drive Los Angeles, CA - Image 131858 S Orange Drive Los Angeles, CA - Image 141858 S Orange Drive Los Angeles, CA - Image 151858 S Orange Drive Los Angeles, CA - Image 161858 S Orange Drive Los Angeles, CA - Image 171858 S Orange Drive Los Angeles, CA - Image 18
Presented By: Leonardo Aguilar with Divinus Real Estate Solutions; 562-659-2686
  • MLS# DW24207518
  • 10/05/2024
  • Get pre-approved
  • Request Tour
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  • Baths • 1
  • SQFT • 6,065

Home Details

Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 8-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 propertyโ€™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 shopsโ€”all within walking distance. The areaโ€™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 Angelesโ€™ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
Presented By: Leonardo Aguilar with Divinus Real Estate Solutions; 562-659-2686

Interior Features for 1858 S Orange Drive

Other Interior Features

Air Conditioning Y/NNo
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea, Inside
Total Stories2
Window FeaturesInsulatedWindows, Screens

Other Rooms

Entry Level1

General for 1858 S Orange Drive

Additional Parcels DescriptionN/A
Additional Parcels Y/NNo
Architectural StyleCustom, Spanish
Building Area UnitsSquareFeet
Cap Rate5.05
Carport Spaces
CityLos Angeles
Community FeaturesBiking, Curbs, Gutters, StreetLights, Sidewalks, Urban
Construction MaterialsAsphalt, Drywall, Other, Concrete
ContingencyCall Agent.
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsOff of W. Washington Blvd & La Brea Ave.
DisclosuresRentControl
ElectricElectricityOnProperty
Electric Expense
Entry LocationFront
ExclusionsContact Agent.
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income129096
HOANo
HOA Fee$
HeatingWallFurnace
Insurance Expense8000
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Contract, Exchange1031, FannieMae, FreddieMac, Submit
Lot Size Square Feet6743
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
Net Operating Income95964.72
New ConstructionNo
Number Of Units Total8
Number of Units Leased7
Open Parking Spaces7
Operating Expense33131.4
Pool FeaturesNone
PossessionCloseOfEscrow, ClosePlus
PostalCityLOS ANGELES
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofCommonRoof, Flat, FlatTile, Mixed, Other, SpanishTile
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount10995.3
Tax Lot24
Tax Year2024
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent10478
Trash Expense3456
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense8400
Year Built1928
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1858 S Orange Drive

Building Area Total6065
Exterior AmenitiesRainGutters
FencingChainLink, NewCondition
Foundation DetailsSlab
InclusionsContact Agent.
Lot FeaturesZeroToOneUnitAcre, CornerLot, FrontYard, Landscaped, Paved
Lot Size Acres0.1548
Lot Size Area6743
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Parking FeaturesElectricGate
Pool Charge0
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved, Paved
Total Parking7
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,900,000
MLS#DW24207518
List Date 10/05/2024
Property Type Single Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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