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

2622 South Orange Drive

^$ 1,595,000

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2622 South Orange Drive

Los Angeles, CA, 90016

^$ 1,595,000

Studio Baths0.0 Sq 3,764

Monthly Estimate*

^$ 11,142

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,595,000. This 3,764 square foot home was built in 1966 on a lot size of 0.11.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.11

Year Built

1966

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024385755

Features

General

Interior Features Ceiling Fan(s)

Sewer Sewer Paid

Heating Wall Furnace

Zoning LARD1.5

Architectural Style Traditional

Year Built 1966

Levels Two

County Los Angeles

Net Operating Income 77062.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction West

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N No

Senior Community Y/N No

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 4800.0

Street Name Orange

Spa Features None

Property Condition Updated/Remodeled

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Flooring Laminate

Kitchen Appliances Refrigerator

Total Stories 2

Heating Y/N Yes

Window Features Double Pane Windows

Fireplace Y/N No

Street Suffix Drive

Laundry Features None

Total Baths 0

Exterior

Parking Features Covered

Lot Features Front Yard

Water Source None Public

Lot Size Area 4800.0

Building Area Total 3764.0

Lot Size Acres 0.11

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Armin Soleimani

Listing Agent

Global Platinum Properties, Inc.

Broker

Affordability Calculator

$11,142

Per Month

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

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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 ^$1,985,541

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.

793437 Elementary School

793428 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 South 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 0.11. 2622 South Orange Drive is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/16/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2622 South Orange Drive

Multi-Family Home for sale in Los Angeles, CA

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