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    2626 S Orange Dr

    Los Angeles, CA 90016
    • $2,150,000
    • STATUS: Active Under Contract
    • ON SITE: 29 days
    • ID#: 21-751304
    Under Contract
    UPDATED: 160 min ago
    $2,150,000
    • 15
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,763
      SQFT
    • $373
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    2626 S Orange Drive is a 6 unit property located in the highly desirable Wes Adams neighborhood of Los Angeles. The property consists of one 4+1.5, four 2+1.5's, and one 3+1.5. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Featuring a stellar 82 walk score, 2626 S Orange Drive provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 10 minute drive from trendy Downtown Culver City and is a 12 minute walk to the Expo/La Brea light rail station. Tenants with young children will enjoy walking them across the street to Cienega Elementary School and a 5 minute drive to Rancho Cienega Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/118789820
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    2626 S Orange Dr Los Angeles, CA 90016

    • Price: $2,150,000
    • Status: Active Under Contract
    • Updated: 160 min ago
    • ID#: 21-751304
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,763
    SQFT
    $373
    $/SQFT
    1966
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    2626 S Orange Drive is a 6 unit property located in the highly desirable Wes Adams neighborhood of Los Angeles. The property consists of one 4+1.5, four 2+1.5's, and one 3+1.5. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Featuring a stellar 82 walk score, 2626 S Orange Drive provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 10 minute drive from trendy Downtown Culver City and is a 12 minute walk to the Expo/La Brea light rail station. Tenants with young children will enjoy walking them across the street to Cienega Elementary School and a 5 minute drive to Rancho Cienega Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.
    Exterior Features

    Covered Parking 5 Lot Size Area 7200 Other Structures None Parking Garage AssignedCarport Attached Total Parking 6

    Interior Features

    Baths Total 12.00 Cooling None Equipment Range/OvenRefrigeratorWasherMicrowaveDryerCeiling Fan Heating Wall Laundry CommunityRoom Laundry Equipment Own

    Property Features

    Assessed Total Value 1485690 Gross Income 160716 Gross Operating Income 156895 Like Units1 1 Like Units2 4 Like Units3 1 Net Operating Income 109224.00 Number Of Buildings 1 Number Of Units 6 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 47671 Type Of Units Apartments Year Built Source Other Zoning Lard1.5

    Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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