• 2622 S Orange Drive Los Angeles, CA 90016

  • $1,595,000
  • 9
    Bed(s)
  • 0
    Baths
  • 3,764
    Sq Ft
  • 4800
    Sqft
  • Listed By: Armin Soleimani, Global Platinum Properties, Inc., DRE #01846872
  • Source: CRMLS

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!

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 9

Bathroom Information

Total Baths: 5

Full Baths: 0

Half Baths: 0

Water/Sewer

Water Source : Public

Sewer : Sewer Tap Paid

Interior Features

Interior Features: Ceiling Fan(s)

Windows: Double Pane Windows

Property Appliances: Refrigerator

Fireplace: None

Flooring: Laminate

Heating Source

Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1966

Building Area Total: 3,764

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1102

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 4800

Listing Price Information

Original List Price: 1,595,000

Listing Contract Date: 2024-04-29

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5049014006

Garage and Parking

Garage Description: Covered

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C16 - Mid Los Angeles

Postal Code Plus 4: 3533

Directions: From Adams Blvd., turn South onto Orange Drive.

Zoning: LARD1.5

Source Property Type: Residential Income

Area: C16 - Mid Los Angeles

Building and Construction

Property Age: 58

Property Condition: Updated/Remodeled

Year Built Source: Assessor

Total Square Feet Living: 3764

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2636 Virginia Road, Los Angeles, CA,90016 $3,250,000 16 -- 6,936 6550 Sqft
1943 S Spaulding Avenue, Los Angeles, CA,90016 $1,060,000 2 1 1,095 6734 Sqft
3043 S La Brea Avenue, Los Angeles, CA,90016 $10,000,000 -- -- -- 39901 Sqft
4120 W Jefferson Boulev.., Los Angeles, CA,90016 $1,499,000 -- -- -- 5490 Sqft
2155 S West View Street, Los Angeles, CA,90016 $3,400,000 -- -- 5,985 6000 Sqft
5735 Bowesfield Street, Los Angeles, CA,90016 $1,005,000 2 2 1,590 6316 Sqft
2121 Thurman Avenue, Los Angeles, CA,90016 $899,000 3 -- 1,412 5004 Sqft
5700 Clemson Street, Los Angeles, CA,90016 $3,750,000 12 -- 6,604 17996 Sqft
5259 Village, Los Angeles, CA,90016 $579,000 1 1 896 529424 Sqft
5134 W Washington Boule.., Los Angeles, CA,90016 $1,999,000 14 -- 3,526 8123 Sqft

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ByOwner last updated this listing 05/17/2024 @ 12:58

MLS: 24385755
LISTED BY: Armin Soleimani, Global Platinum Properties, Inc.
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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