1201 N ORANGE Drive, Los Angeles, CA 90038

About this property

Income Producing. Over 160k in 2016. Opportunity to by a turnkey income generating property in a booming neighborhood. Currently used as a vacation rental where each unit gets 250 dollars per night and generated a total of $166,000. Fully remodeled and beautifully done duplex. Each unit has 2 bedrooms and 2 bathrooms, laundry, two parking spaces (one garaged and one in gated driveway). Property can be delivered vacant or the buyer can continue the vacation rental business. This really is a great opportunity to have an income property that actually generates a nice return. Showings will need to be scheduled in advance and are by appointment only, because property is booked frequently.

Listing description from the December 2017 sale, as reported to CRMLS.

Sale history

$1,620,000

Sold December 2017 · listed $1,649,000, orig. $1,699,000, on market August 2017 · MLS #17258708 · Source: CRMLS

Listing Agent: Scott Segall · Listing Office: Douglas Elliman · Contact: 310-595-3888 · Bought with: Steven Roffer · Douglas Elliman of California,

$1,500,000

Sold January 2016 · listed $1,594,900, orig. $1,649,500, on market August 2015 · MLS #15934253 · Source: CRMLS

Listing Agent: Aaron Mark Johnson · Listing Office: Meridian Capital Real Estate · Contact: 800-729-5111 · Bought with: Cynthia Perez-Brown · Keller Williams Hollywood Hill

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