1858 S Orange Drive, Los Angeles, CA 90019
- $1,900,000
- List Price
- $1,900,000
- Price Change
- ▼ $300,000 1736690033
- Status
- ACTIVE
- MLS#
- DW24207518
- Year Built
- 1928
- Lot Size
- 6,743
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Paved
- Days on Market
- 662
- Property Type
- Multifamily
- Style
- Custom, Spanish
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
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 property’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 shops—all within walking distance. The area’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 Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
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Additional Information
- Taxes
- $10,995
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Asphalt, Drywall, Other, Concrete
- Roof
- Common Roof, Flat, Flat Tile, Mixed, Other, Spanish Tile
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $126,396
- Operating Expense
- 33131
Listing courtesy of Listing Agent: Leonardo Aguilar (Leonardo@divinus.associates) from Listing Office: Divinus Real Estate Solutions.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.