2622 Orange Drive , Los Angeles, CA - 90016 is For Sale

  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
  • 24385755
$1,595,000· Income property

Description

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!

Features

MLS#: 24385755
List Price : $1,595,000
Total Units : 4
CAP rate : $4.83
Gross Operating Income : $105,792
Net Operating Income : $77,062
Sq M : 446 M2
Year Built : 1966
Days on market : 19 Days
Gross taxes : N/A
Address : 2622 Orange Drive
City : Los Angeles
State : CA
Zip Code : 90016
Neighborhood : N/A
Appliances : Refrigerator
Fireplace Features : None
Stories : 2
Laundry : None
Parking Features : Covered
Sale Type : Standard
View : None
 
Property Type : Residential Income
Property Style : Traditional
Original List Price : $1,595,000
Acres : 0.1102
Lot Size (Acres) : 0.1102
Heating : Wall Furnace
Water : Public
Sewer : Sewer Paid
Parking Features : Covered
Interior Features : Ceiling Fan(s)
Flooring : Laminate
Driving Directions : From Adams Blvd., turn South onto Orange Drive.
Lot Features : Front Yard
 
Courtesy of : Armin Soleimani , Global Platinum Properties, Inc.

Location

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