Skip To Content

    1429 S Orange Drive

    Los Angeles (City), CA 90019
    • $1,525,000
    • STATUS: Active
    • ON SITE: 144 days
    • ID#: DW20242784
    UPDATED: 63 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).

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T21:28:36.923. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/112012386
    Print Image

    1429 S Orange Drive Los Angeles (City), CA 90019

    • Price: $1,525,000
    • Status: Active
    • Updated: 63 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

    Garage Spaces 5.00 Lot Features 2-5 Units/AcreFront YardValue In LandYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1232 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes Interior Features High Ceilings Laundry Features NoneGas Dryer HookupWasher Hookup Levels Two Room Type Family RoomKitchenLaundry

    Property Features

    Accessibility Features 2+ Access ExitsParking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.78 Community Features Sidewalks Country Us Elevation Units Feet Gross Income 121800.00 Gross Multiplier 12.52 Gross Operating Income 118146.00 Gross Scheduled Income 121800.00 Insurance Expense 1972.00 Land Lease YN No Maintenance Expense 5612.00 Net Operating Income 88142.00 New Construction YN No New Taxes Expense 19063.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number With Carpet 4 Operating Expense 30004.00 Other Expense 400.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 5843.00 Total Expenses 30004.00 Trash Expense 986.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 3654 Water Sewer Expense 986.00 Water Source Other Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Andrew Wilkey of Calhomes Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T21:28:36.923. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364976700-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364976700-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364976700-1.jpg
    Logo
    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691