Los Angeles, CA 90019 1858 S Orange Drive

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Presented By: Leonardo Aguilar with Divinus Real Estate Solutions; 562-659-2686
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# DW24207518
  • 10/06/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 15
  • Baths • 3
  • SQFT • 6,065

Home Details

Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 8-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential. Opportunity for long-term appreciation in a market poised for equity. The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment. The property’s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops—all within walking distance. The area’s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes. The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
Presented By: Leonardo Aguilar with Divinus Real Estate Solutions; 562-659-2686

Interior Features for 1858 S Orange Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea, Inside
Total Stories2
Window FeaturesInsulatedWindows, Screens

Other Rooms

Entry Level1

General for 1858 S Orange Drive

Additional Parcels DescriptionN/A
Additional Parcels Y/NNo
Architectural StyleCustom, Spanish
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.05
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Curbs, Gutters, StreetLights, Sidewalks, Urban
Construction MaterialsAsphalt, Drywall, Other, Concrete
ContingencyCall Agent.
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsOff of W. Washington Blvd & La Brea Ave.
DisclosuresRentControl
ElectricElectricityOnProperty
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
ExclusionsContact Agent.
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income129096.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense8000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Contract, Exchange1031, FannieMae, FreddieMac, Submit
Lot Size Square Feet6743.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income95964.72
New ConstructionNo
Number Of Units Total8
Number of Units Leased7
Open Parking Spaces7.0
Operating Expense33131.4
Pool FeaturesNone
PossessionCloseOfEscrow, ClosePlus
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofCommonRoof, Flat, FlatTile, Mixed, Other, SpanishTile
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount10995.3
Tax Lot24
Tax Year2024
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent10478.0
Trash Expense3456.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense8400.0
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1858 S Orange Drive

Building Area Total6065.0
Crops Included Y/NNo
Exterior AmenitiesRainGutters
FencingChainLink, NewCondition
Foundation DetailsSlab
Horse Y/NNo
InclusionsContact Agent.
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, CornerLot, FrontYard, Landscaped, Paved
Lot Size Acres0.1548
Lot Size Area6743.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesElectricGate
Pool Charge0.0
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,900,000
MLS#DW24207518
List Date 10/06/2024
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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