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1434 S Orange Dr
Los Angeles, CA 90019

Orange Apartments · Multifamily Property For Sale · 8 Units

Executive Summary

This property is also being sold with 1204-1208 S. Ardmore in Los Angeles to be purchased as a package.
This two-story apartment building is located just west of La Brea between Pico and Venice Boulevards in the City of Los Angeles. This location is adjacent to Mid Cities, Miracle Mile & Picfair Village. It offers easy access to the 10 fwy and is a short commute to the Westside and Beverly Hills.
There are two tandem open spaces in the front of the property and five open gated parking spaces in the rear off the alley; for a total of nine parking spaces. The units are separately metered for both gas and electricity. Interiors feature hardwood floors, ceiling fans, tile bathrooms, vertical blinds and wall heaters.

PROPERTY FACTS

Price Per Unit $215,625
Sale Type Investment
Cap Rate 5.48%
Sale Conditions
Bulk/Portfolio Sale
  • Building in Shell Condition
Gross Rent Multiplier 10.55
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 6,851 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1.31/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $1,850 650
2+1 4 $2,250 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5070-018-011
Land Assessment
$230,449
Improvements Assessment
$221,584
Total Assessment
$452,033

zoning

Zoning Code LARD1.5
LARD1.5
  • Listing ID: 33949800

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 1434 S Orange Dr, Los Angeles, CA 90019

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