1414 S Orange Dr - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$3,195,000 USD
818-231-5540
1414 S Orange Dr, Los Angeles, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/37
null | 6.22% Cap Rate

1414 S Orange Dr
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Real 6.22% Cap Rate
  • All units fully equipped with high-end stainless steel kitchen appliances
  • Spacious in-unit laundry rooms with washers and dryers included
  • All units separately metered for gas, electric, and water
  • Ideal unit mix: (2) 4-bedrooms and (3) 3- bedrooms

OVERVIEW

We are pleased to present 1414 S Orange Drive, a 2021-construction, five-unit multifamily investment opportunity located in the heart of Mid City, Los Angeles. Situated on a 7,002-square-foot LARD1.5-zoned lot, the property features approximately 7,456 square feet of improvements across three buildings and offers an attractive, high-income unit mix consisting of two 4-bedroom/4.5-bathroom units, one 3-bedroom/3.5-bathroom unit, and two 3-bedroom/2-bathroom units. Each residence has been thoughtfully designed with spacious open-concept floor plans, high ceilings, oversized kitchen islands or peninsulas, premium stainless steel appliances, sleek bathrooms with marble finishes, in-unit laundry rooms with washers and dryers included, and modern high-end fixtures throughout. All five units are fully leased, demonstrating strong rental demand in this highly walkable Mid City location. Offered at $3,195,000, the property delivers an actual 5.92% cap rate and 12.5 GRM, equating to approximately $639,000 per unit and $429 per square foot. These metrics position 1414 S Orange Drive as one of the most competitively priced newer-construction five-unit multifamily assets in the submarket. The property offers an efficient operating structure, with tenants responsible for all utilities and each unit separately metered for gas, electricity, and water, helping reduce operating expenses and maximize net operating income. Parking is abundant, with five tandem garages and five additional exterior parking spaces. Ideally located just minutes from popular restaurants, cafés, retail, entertainment, and major employment centers, 1414 S Orange Drive represents an exceptional opportunity for investors seeking strong current cash flow, modern construction, and a low-maintenance multifamily asset in one of Los Angeles’ most desirable rental corridors. The property is well suited for a 1031 exchange buyer or any investor seeking attractive yield and long-term value. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO). Buyer to independently verify all information.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

5

PRICE/UNIT

$639,000

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Unit New Construction in Mid City

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,969 SF

ZONING

LARD1.5

APN/PARCEL ID

5070-018-007

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.