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1858 S Orange Drive

Los Angeles (City), CA 90019
  • $1,900,000
  • STATUS: Active
  • ON SITE: 163 Days
  • MLS #: DW24207518
UPDATED: 49 min ago
$1,900,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Leonardo Aguilar of Divinus Real Estate Solutions (562-353-9064)


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 propertys 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 areas 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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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/156422005
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1858 S Orange Drive Los Angeles (City), CA 90019

  • Price: $1,900,000
  • Status: Active
  • On Site: 163 Days
  • Updated: 49 min ago
  • MLS #: DW24207518
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1928
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
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 propertys 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 areas 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.
Exterior Features

Architectural Style CustomSpanish Carport Spaces 0 Construction Materials AsphaltDrywallOtherConcrete Entry Level 1 Entry Location Front Exterior Features Rain Gutters Fencing Chain LinkNew Condition Foundation Details Slab Lot Features 0-1 Unit/AcreCorner LotFront YardLandscapedPaved Number Of Separate Electric Meters 8 Open Parking Spaces 7 Parking Features Electric Gate Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Common RoofFlatFlat TileMixedOtherSpanish Tile

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTileVinyl Heating Wall Furnace Heating YN Yes Window Features Insulated WindowsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 5.05 Common Interest None Community Features BikingCurbsGutter(s)Street LightsSidewalksUrban Contingency Call Agent. Current Financing None Disclosures Rent Control Electric Electricity - On Property Electric Expense 0 Exclusions Contact Agent. Fuel Expense 0 Garage YN No Gross Income 129096 Gross Scheduled Income 126396 Inclusions Contact Agent. Insurance Expense 8000 Land Lease YN No Laundry Features Common AreaInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventionalContract1031 ExchangeFannie MaeFreddie MacSubmit Net Operating Income 95964.72 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 7 Operating Expense 33131.4 Other Expense 1080 Pest Control Expense 0 Pool Expense 0 Possession Close Of EscrowClose Plus Property Condition Updated/RemodeledTurnkey Property Sub Type Mixed Use Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Security GateSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 10995.3 Tax Year 2024 Tenant Pays Cable TVElectricityGas Total Actual Rent 10478 Trash Expense 3456 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 8400 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Leonardo Aguilar of Divinus Real Estate Solutions (562-353-9064)