1858 S Orange Dr - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,900,000 USD
562-353-9064
1858 S Orange Dr, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/11
null | 5.68% Cap Rate

1858 S Orange Dr
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Commercial Zoning sitting nestled in a residential zone.
  • Close to main road but far enough for there to be complete privacy

OVERVIEW

Eight [8] units with CA SB 1211 development rights for eight [8] additional units on lot. Total potential of 16 units. INCOME PRODUCING - SIX OCCUPIED UNITS with two vacant units. Unit Mix: One [1] : 3 Bedroom / 1 Bathroom Six [6] : 2 Bedroom / 1 Bathroom. One unit vacant. One [1] : Studio/1 Bathroom. Unit delivered vacant. Amenities: - The property has an indoor commercial washer and dryer - bringing additional income. - Secure and convenient parking; gated lot offering one parking stall per unit. Lot has ability for eight [8] additional units to be constructed [CA SB 1211]. Renovated in 1999: - Roof - Foundation - Plumbing - Electric

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

5.68%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 UNITS - MID CITY / CULVER

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5067-015-024

ASK ABOUT THIS PROPERTY

Hira KhanDivinus Real Estate SolutionsMore Info
562-353-9064

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Hira KhanDivinus Real Estate SolutionsMore Info
562-353-9064

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