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    1429 S Orange Drive

    Los Angeles, CA 90019
    • $1,525,000
    • STATUS: ACTIVE
    • ON SITE: 67 days
    • ID#: 302967881
    Price Reduced
    UPDATED: 53 min ago
    $1,525,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    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 and has 73% upside in rents. There is potential to convert the garage into an ADU unit (Buyer to verify). Additionally, a Buyer has the potential to convert these r 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 and has 73% upside in rents. 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).

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112012839
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    1429 S Orange Drive Los Angeles, CA 90019

    • Price: $1,525,000
    • Status: ACTIVE
    • Updated: 53 min ago
    • ID#: 302967881
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    Picfair Village (Mid-City)
    County:
    Los Angeles
    Area:
    Los Angeles (90019)
    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 and has 73% upside in rents. There is potential to convert the garage into an ADU unit (Buyer to verify). Additionally, a Buyer has the potential to convert these r 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 and has 73% upside in rents. 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

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 30004 Buildings 1 Gross Scheduled Income Actual 70116 Home Owners Fees 0.0 Miscellaneous Value in Land Sewer Septic Other/Remarks Tenant Pays ElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1239.0 Unit2 Rent Actual 1240.0 Unit3 Rent Actual 2500.0 Unit4 Rent Actual 864.0 Zoning Assessor

    Listing provided courtesy of Calhomes Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128