1032 S Orange Dr
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1032 S Orange Dr
4 Unit Apartment Building $2,350,000 ($587,500/Unit) 4.39% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Charming fourplex in the desirable Miracle Mile / Hancock Park area of Los Angeles
- Walking Distance to new Purple Line transit station
- Incredible Owner/User opportunity with large 1,200 +SF 2bd Units
Executive Summary
PRICED REDUCTION! Bring all Offers. Jake Plewa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present the exclusive opportunity to purchase a perfect Owner-User 4-unit income property in the incredible Miracle Mile / Hancock Park location of Los Angeles. The current owner has spared no expense in renovating the units, including all plumbing and electricity, exterior fixtures, kitchens, and bathrooms. Truly one of the most sought-after locations in Los Angeles, this property is an ideal purchase for both Investors and Owner/Users alike. Located near the corner of Olympic and La Brea only a few minutes from the 10 Freeway and the Expo Line and steps away from the new Purple Line, this location is an ideal living situation for all.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,350,000 | Property Subtype | Apartment |
| Price Per Unit | $587,500 | Apartment Style | Mid Rise |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.39% | Building Size | 5,136 SF |
| Gross Rent Multiplier | 15.7 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2022 |
| Price | $2,350,000 |
| Price Per Unit | $587,500 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 15.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Lot Size | 0.15 AC |
| Building Size | 5,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,200 - 1,250 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5084-011-026 | Total Assessment | $1,729,050 (2024) |
| Land Assessment | $1,210,336 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $518,714 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5084-011-026
Land Assessment
$1,210,336 (2024)
Improvements Assessment
$518,714 (2024)
Total Assessment
$1,729,050 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | LARD1.5 (Restricted Density Multiple Dwelling) |
| LARD1.5 (Restricted Density Multiple Dwelling) |
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1032 S Orange Dr
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