1386 S Orange Dr
Los Angeles, CA 90019
1386 S Orange Dr · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 3,186 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | LAR2 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,186 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | LAR2 |
About 1386 S ORANGE DR , LOS ANGELES, CA 90019
Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale 1386 South Orange Drive, a four unit apartment community in Mid-City. The property offers investors a unique opportunity to acquire a building with stable operating history and rental upside remaining. Due to its 1925 construction, the property is subject to Los Angeles Rent Control Statutes. • 0.7 Miles away from Mid-Town Crossing shopping center which includes Lowe’s, Ulta Beauty, Planet Fitness, and Wells Fargo Bank • Great in-place income with ability to grow rents to a near 7% CAP • Washer/Dryer hook-ups in select units • Balanced unit mix of 1 and 2 bedroom units • Beautiful 1920s Spanish style construction with six on-site parking spaces including three garages • Walking distance to multiple dining, retail, and entertainment destinations such as Roscoe’s Chicken and Waffles, The Comedy Union, CVS and more
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,575 | - |
| 1+2 | 1 | $2,450 | - |
| 2+1 | 1 | $1,156 | - |
| 1+1 | 1 | $1,273 | - |
Property Taxes
| Parcel Number | 5070-003-035 | Improvements Assessment | $648,672 |
| Land Assessment | $892,413 | Total Assessment | $1,541,085 |
Property Taxes
