Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd &' La Brea Ave – this 7-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.
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.
Property Details
Price:
$2,200,000
MLS #:
DW24207518
Status:
Active
Baths:
0
Address:
1858 S Orange Drive
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Oct 5, 2024
State:
CA
ZIP:
90019
Lot Size:
6,743 sqft / 0.15 acres (approx)
Year Built:
1928
See this Listing
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Schools
Interior
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate, Tile, Vinyl
Heating
Wall Furnace
Window Features
Insulated Windows, Screens
Exterior
Community Features
Biking, Curbs, Gutters, Sidewalks, Street Lights, Urban
Electric
Electricity – On Property
Exterior Features
Rain Gutters
Fencing
Chain Link, New Condition
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Corner Lot, Front Yard, Landscaped, Paved
Parking Features
Auto Driveway Gate
Parking Spots
7.00
Pool Features
None
Roof
Common Roof, Flat, Flat Tile, Mixed, Other, Spanish Tile
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1858 S Orange Drive Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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Courtesy of Divinus Real Estate Solutions. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1858 S Orange Drive
Los Angeles, CA
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