1386 S ORANGE Drive, Los Angeles, CA 90019

About this property

Multifamily Residential Building for sale - 1386 South Orange Drive, a four unit apartment community in Mid-City. The property offers investors a unique opportunity to acquire a building with stable operating history and rental upside remaining. Due to its 1925 construction, the property is subject to Los Angeles Rent Control Statutes. The subject property is situated between San Vicente Boule-vard and Pico Boulevard, just west of La Brea. Residents can enjoy the suburban feel of Mid-City, while being just blocks away from dining, comedy clubs, theatres and small retail shops that are squeezed between the residential enclaves. Mid-City is characterized by wide boulevards, relics of 50s-era family estates, and small businesses that have woven their way into the neighborhood's fabric. Given the property's location and value-add component, 1386 South Orange Drive is an ideal investment for an inves-tor seeking strong in-place returns and appreciation potential within Mid-City.

Listing description from the August 2018 sale, as reported to CRMLS.

Sale history

$1,381,500

Sold August 2018 · listed $1,390,000, on market May 2018 · MLS #18347772 · Source: CRMLS

Listing Agent: Sean Rosenzweig · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Sean Rosenzweig · Marcus & Millichap

$930,000

Sold August 2015 · listed $969,000, on market May 2015 · MLS #15902939 · Source: CRMLS

Listing Agent: Isaac Song · Listing Office: RE/MAX Mega Group · Contact: 323-692-9900 · Bought with: Bill Ruane · RE/MAX Estate Properties

$600,500

Sold November 2012 · listed $529,900, on market September 2012 · MLS #F12120200 · Source: CRMLS

Listing Agent: Tom Hernandez · Listing Office: Keller Williams Realty - Studi · Contact: 818-432-1500 · Bought with: Isaac Song · Isaac Song

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