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    1429 S Orange Drive

    Los Angeles (City), CA 90019
    • $1,525,000
    • STATUS: Active
    • ON SITE: 151 days
    • ID#: DW20242784
    UPDATED: 114 min ago
    $1,525,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,930
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    1429 S Orange Drive is located in the rapidly growing Picfair Village neighborhood of Mid-City. The offering consists of (4) large 2+1 units measuring 1,232 SF each. The building boasts charming Spanish architecture and sits on a large 6,850 SF lot with (5) 1-Car garages in a detached structure. The property is delivered with 1 unit not leased. There is potential to convert the garage into an ADU unit (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/112012386
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    1429 S Orange Drive Los Angeles (City), CA 90019

    • Price: $1,525,000
    • Status: Active
    • Updated: 114 min ago
    • ID#: DW20242784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,930
    SQFT
    $309
    $/SQFT
    1928
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    1429 S Orange Drive is located in the rapidly growing Picfair Village neighborhood of Mid-City. The offering consists of (4) large 2+1 units measuring 1,232 SF each. The building boasts charming Spanish architecture and sits on a large 6,850 SF lot with (5) 1-Car garages in a detached structure. The property is delivered with 1 unit not leased. There is potential to convert the garage into an ADU unit (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion).
    Exterior Features

    Lot Features 2-5 Units/AcreFront YardValue In LandYard Number Of Separate Electric Meters 4 Parking Features Garage Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Accessibility Features Safe Emergency Egress From HomeParking Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes Interior Features High Ceilings

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.78 Common Interest None Community Features Sidewalks Contingency 10D Dd Garage YN Yes Gross Income 121800 Gross Scheduled Income 121800 Insurance Expense 1972 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupNone Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 Exchange Maintenance Expense 5612 Net Operating Income 88142 New Construction YN No New Taxes Expense 19063 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 30004 Other Expense 400 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5843 Trash Expense 986 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 3654 Water Sewer Expense 986 Water Source Other Zoning Lard1.5

    Listing provided courtesy of Andrew Wilkey of Calhomes Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078