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8 UNITS - MID CITY / CULVER 1858 S Orange Dr 8 Unit Apartment Building $2,597,395 CAD ($324,674 CAD/Unit) 5.68% Cap Rate Los Angeles, CA 90019

Apartment Buildings California Los Angeles 1858 S Orange Dr, Los Angeles, CA 90019

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Investment Highlights

  • Commercial Zoning sitting nestled in a residential zone.
  • Close to main road but far enough for there to be complete privacy

Executive Summary

Eight [8] units with CA SB 1211 development rights for eight [8] additional units on lot. Total potential of 16 units.
INCOME PRODUCING - SIX OCCUPIED UNITS with two vacant units.
Unit Mix:
One [1] : 3 Bedroom / 1 Bathroom
Six [6] : 2 Bedroom / 1 Bathroom. One unit vacant.
One [1] : Studio/1 Bathroom. Unit delivered vacant.

Amenities:
- The property has an indoor commercial washer and dryer - bringing additional income.
- Secure and convenient parking; gated lot offering one parking stall per unit. Lot has ability for eight [8] additional units to be constructed [CA SB 1211].
Renovated in 1999:
- Roof
- Foundation
- Plumbing
- Electric

Property Facts

Price $2,597,395 CAD Building Class C
Price Per Unit $324,674 CAD Lot Size 0.16 AC
Sale Type Investment Building Size 6,065 SF
Cap Rate 5.68% Average Occupancy 75%
No. Units 8 No. Stories 2
Property Type Multifamily Year Built/Renovated 1928/1999
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
 Parking Ratio 1.32/1,000 SF
Apartment Style Mid-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RD1.5, Los Angeles
Price $2,597,395 CAD
Price Per Unit $324,674 CAD
Sale Type Investment
Cap Rate 5.68%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.16 AC
Building Size 6,065 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1928/1999
Parking Ratio 1.32/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RD1.5, Los Angeles

Amenities

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Gated
  • Dry Cleaning Service
  • Gas Range
  • Laundry Service
  • Recycling
  • Smoke Free
  • Trash Pickup - Curbside
  • Zen Garden
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - -
3+1 1 - -
Studios 1 - -
1 1
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 5067-015-024 Improvements Assessment $486,818 CAD
Land Assessment $681,548 CAD Total Assessment $1,168,365 CAD

Property Taxes

Parcel Number
5067-015-024
Land Assessment
$681,548 CAD
Improvements Assessment
$486,818 CAD
Total Assessment
$1,168,365 CAD
(562) 353-9064

Still interested?

Contact the broker for more information about this property

Contact

  • Hira Khan
    Hira Khan

  • Listing ID: 33513633

  • Date on Market: 2024-10-14

  • Last Updated:

  • Address: 1858 S Orange Dr, Los Angeles, CA 90019

The Mid-City Multifamily Property at 1858 S Orange Dr, Los Angeles, CA 90019 is currently available. Contact Divinus Real Estate Solutions for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 5 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 6 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 7 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 8 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 9 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Building Photo- Image 10 of 12
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1858 S Orange Dr, Los Angeles, CA for sale Plat Map- Image 11 of 12
Plat Map
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8 UNITS - MID CITY / CULVER | 1858 S Orange Dr
(562) 353-9064 x

8 UNITS - MID CITY / CULVER | 1858 S Orange Dr

Hira Khan
(562) 353-9064

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