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Los Angeles, CA 90016 2622 S Orange Drive

$1,595,000

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Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
  • MLS# 24385755
  • 04/29/2024
  • Request Tour
  • Request Info
  • BedBeds • 9
  • BathBaths • 5
  • FootageSQFT • 3,764

Home Details

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!
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;

Interior Features for 2622 S Orange Drive

Bedrooms

Total Bedrooms9

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths5

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Street SuffixDrive
Total Stories2
Window FeaturesDoublePaneWindows

General for 2622 S Orange Drive

Additional Parcels Y/NNo
AppliancesRefrigerator
Architectural StyleTraditional
Attached Garage No
Cap Rate4.83
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market17
DirectionsFrom Adams Blvd., turn South onto Orange Drive.
Facing DirectionWest
Garage Y/NNo
Gross Income105792.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4800.0
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income77062.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameOrange
Total Units4
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1966
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 2622 S Orange Drive

Building Area Total3764.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1102
Lot Size Area4800.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,595,000
MLS#24385755
List Date 04/29/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors