1114 S Orange Drive, Los Angeles, CA 90019
-
Listed Price :
$2,399,000
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Beds :
6
-
Baths :
5
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Property Size :
5,666 sqft
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Year Built :
1941
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.
Interior Features
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
5 |
| Flooring Information |
| Material |
Laminate, Stone |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
1114 S Orange Drive |
| City |
Los Angeles |
| State |
CA |
| Zip |
90019 |
| County |
Los Angeles |
| Listing Agent |
Jenny Um DRE #01373522 |
| Courtesy Of |
eXp Realty of California Inc |
| List Price |
$2,399,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,666 |
| Lot Size |
7,284 |
| Year Built |
1941 |
Listing information courtesy of: Jenny Um, eXp Realty of California Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 23rd, 2024 at 11:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
