6517 Orange Street

    Los Angeles (City), CA 90048
    • $2,400,000
    • STATUS: Active
    • ON SITE: 136 days
    • ID#: OC20012131
    UPDATED: 26 min ago
    $2,400,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,354
      SQFT
    • $551
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    PRIME LOCATION; EXCELLENT VERY WELL MAINTAINED RENTAL UNITS; THE SUBJECT NEIGHBOROOD IS A MIXED RESIDENTIAL AREA THAT CONSISTS PRIMARILY OF VERY NICE UPSCALE OLDER RESIDENTIAL PROPERTIES. SFR'S-4 UNIT PROPERTIES OF VARIOUS DESIGN'S AND APPEAL. LOW TO MEDIUM DENSITY (5-12 UNITS) APARTMENT BUILDING'S AND COMMERCIAL.PROPERTIES ARE LOCATED ALONG THE MAIN TRAFFIC ARTERIES THROUGH THE AREA. VERY LOW MAINTANACE PROPERTY; SUBJECT AREA IS SITUATED WITHIN CLOSE PROXIMITY TO ALL LOCAL AMENITIES.THE NEIGHBORHOOD CONSIDERED HAS ABOVE AVERAGE TENANT APPEAL DUE TO ITS PROXIMITYTO SHOPPING, SCHOOLING, RECREATIONAL AREA'S, EMPLOYMENT AND FREEWAY ACCESS. SUBJECT PROPERTY CONSISTS OF A GOODQUALITY 2-STY. SPANISH STYLE QUADRAPLEX. EACH UNIT CONSISTS OF 2BR'S-2BA'S AND HAS LIVABLE AREA RANGING FROM 1,062-1,115 SQ.FT..ON SITE PARKING IS PROVIDED BY A 4 CAR GARAGE AND CONCRETE PAVED OPEN PARKING AREA.EACH UNIT HAS 2 BATH'S AND ITS OWN LAUNDRY AREA.L.A. CITY RENT CONTROL FACTORS APPLY. HOWEVER, SUBJECTALSO HAS DE-CONTROL FACTORS WHICH APPLY WHEN A UNIT IS VACANT

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-02T17:29:04.393. 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/102393315

    6517 Orange Street Los Angeles (City), CA 90048

    • Price: $2,400,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: OC20012131
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,354
    SQFT
    $551
    $/SQFT
    1926
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    PRIME LOCATION; EXCELLENT VERY WELL MAINTAINED RENTAL UNITS; THE SUBJECT NEIGHBOROOD IS A MIXED RESIDENTIAL AREA THAT CONSISTS PRIMARILY OF VERY NICE UPSCALE OLDER RESIDENTIAL PROPERTIES. SFR'S-4 UNIT PROPERTIES OF VARIOUS DESIGN'S AND APPEAL. LOW TO MEDIUM DENSITY (5-12 UNITS) APARTMENT BUILDING'S AND COMMERCIAL.PROPERTIES ARE LOCATED ALONG THE MAIN TRAFFIC ARTERIES THROUGH THE AREA. VERY LOW MAINTANACE PROPERTY; SUBJECT AREA IS SITUATED WITHIN CLOSE PROXIMITY TO ALL LOCAL AMENITIES.THE NEIGHBORHOOD CONSIDERED HAS ABOVE AVERAGE TENANT APPEAL DUE TO ITS PROXIMITYTO SHOPPING, SCHOOLING, RECREATIONAL AREA'S, EMPLOYMENT AND FREEWAY ACCESS. SUBJECT PROPERTY CONSISTS OF A GOODQUALITY 2-STY. SPANISH STYLE QUADRAPLEX. EACH UNIT CONSISTS OF 2BR'S-2BA'S AND HAS LIVABLE AREA RANGING FROM 1,062-1,115 SQ.FT..ON SITE PARKING IS PROVIDED BY A 4 CAR GARAGE AND CONCRETE PAVED OPEN PARKING AREA.EACH UNIT HAS 2 BATH'S AND ITS OWN LAUNDRY AREA.L.A. CITY RENT CONTROL FACTORS APPLY. HOWEVER, SUBJECTALSO HAS DE-CONTROL FACTORS WHICH APPLY WHEN A UNIT IS VACANT
    Exterior Features

    Architectural Style Spanish Construction Materials Drywall WallsFrameStucco Entry Location Street Side Fence YN Yes Fencing BlockGood Condition Foundation Details Slab Garage Spaces 4.00 Lot Features Level With StreetLot 6500-9999Park NearbyPavedSprinkler SystemYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayAsphaltGarage - Two DoorStructure Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltCompositionSpanish Tile Spa Features None Spa YN No View Trees/Woods View YN Yes

    Interior Features

    Appliances DishwasherEnergy Star Qualified AppliancesFreezerDisposalHigh Efficiency Water HeaterMicrowaveRefrigeratorSelf Cleaning OvenVented Exhaust FanWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1114 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Interior Features Block WallsCeiling Fan(S)StorageUnfurnished Laundry Features Individual RoomInside Levels Two Room Type KitchenLaundryLiving RoomMain Floor BedroomSee Remarks Window Features Insulated Windows

    Property Features

    Accessibility Features 2+ Access Exits32 Inch Or More Wide DoorsDisability FeaturesDoors - Swing InLow Pile CarpetingNo Interior StepsParkingSee Remarks Additional Parcels YN No Building Area Units Square Feet Community Features BikingCurbsDog ParkParkSidewalksStorm DrainsStreet LightsSuburban Country Us Electric 220 Volts in LaundryElectricity - On PropertyStandard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 9987.00 Gross Scheduled Income 9987.00 Insurance Expense 3250.00 Land Lease YN No Laundry YN Yes Net Operating Income 8789.00 New Construction YN No New Taxes Expense 24000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 1198.00 Operating Expense Percent 12.00 Property Condition Building PermitTurnkey Rent Control YN Yes Security Features Fire Rated DrywallSmoke Detector(S) Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasInsuranceTelephone Total Expenses 28000.00 Trash Expense 675.00 Utilities Cable AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailablePhone ConnectedSewer ConnectedUnderground UtilitiesWater AvailableWater Connected Water Sewer Expense 750.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of James Allee of Sunbelt Re Associates Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-02T17:29:04.393. 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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