2622 S Orange Drive Los Angeles, CA ^$ 1,595,000

2622 S Orange Drive

^$ 1,595,000

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2622 S Orange Drive

Los Angeles, CA, 90016

^$ 1,595,000

Bedrooms9 Baths5.0 Sq 3,764

Monthly Estimate*

^$ 11,142

Listed by Global Platinum Properties, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $1,595,000 with 9 bedrooms and 5 full baths. This 3,764 square foot home was built in 1966 on a lot size of 0.1102.

Just listed for Sale in West Adams! Become the proud owner of four spacious units. Imagine the potential! Occupy one unit and earn rental income from the remaining three - a savvy approach to optimizing your investment. The property offers the potential for increased rental revenue. Recently, three of the four units have been renovated, with one left vacant in immaculate condition. The unit mix is appealing, featuring one (3-bedroom, 2-bath) and three (2-bedroom, 1-bath) units. Ample onsite parking is provided. You may also consider transforming the parking spaces beneath the building into ADUs (Accessory Dwelling Units), which are becoming increasingly popular, particularly in areas like Mid City/West Adams. This property is also located in an Opportunity Zone - a prime investment opportunity not to be missed! One unit is vacant, which can benefit potential FHA buyers; investors can lease up the unit to market rents as well!

Multi-Family Active

Price

^$ 1,595,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.1102

Year Built

1966

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24385755

Days on Market

Features

General

Interior Features CeilingFans

Sewer SewerTapPaid

Heating WallFurnace

Appliances Refrigerator

Zoning LARD1.5

Architectural Style Traditional

Year Built 1966

View None

Stories 2

Levels Two

Gross Income 105792.0

County Los Angeles

Net Operating Income 77062.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction West

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From Adams Blvd. turn South onto Orange Drive.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 4800.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Orange

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition UpdatedRemodeled

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 17

Standard Status Active

Year Built Source Assessor

Cap Rate 4.83

Interior

Flooring Laminate

Fireplace Features None

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features DoublePaneWindows

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Laundry Features None

Total Bedrooms 9

Electric On Property Y/N N

Total Baths 5

Exterior

Parking Features Covered

Lot Features FrontYard

Water Source Public

Total Parking 4.0

Lot Size Area 4800.0

Number of Buildings 1

Spa N

Building Area Total 3764.0

Lot Size Acres 0.1102

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2622

* Excluded Features

List By

Global Platinum Properties, Inc.

Broker

(310) 666-2246

Phone

Affordability Calculator

$11,142

Per Month

Monthly Principal & Interest: $11,142
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,979,653

Percent of Sale Price 24%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2024	$1,595,000		Listed Price

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2622 S Orange Drive, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,595,000 with 3,764 sqft and a lot size of 0.1102. 2622 S Orange Drive has 9 bedrooms, 5.0 baths, and was built in 1966. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/21/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2622 S Orange Drive

Multi-Family Home for sale in Los Angeles, CA

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