630 N Orange Drive, Los Angeles, CA 90036

About this property

This turnkey 4-UNIT property offers investors a unique and rare opportunity to acquire an investment property in one of LA’s best rental markets with promising rental upside. 
 
 It is located in highly desirable HANCOCK PARK, a densely populated rental submarket of Los Angeles known for excellent rent growth and low vacancy rates. The property has been well maintained with many upgrades including new windows, new piping, new HVAC, kitchen and bathroom, and electrical. Each unit has its own in-unit washer/dryer hookups, refrigerator, stove and assigned private parking. Its transit-oriented and highly walkable location (WalkScore of 86) offers residents access to myriad entertainment venues, cultural destinations, and dining options nearby.
 
 Given its location and strong income potential, 630 North Orange Drive is an ideal investment for investors seeking long term wealth preservation and appreciation.

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

Sale history

$1,820,000

Sold December 2018 · listed $2,100,000, orig. $2,500,000, on market April 2018 · MLS #OC18074567 · Source: CRMLS

Listing Agent: Regina Chen · Listing Office: HomeSmart, Evergreen Realty · Contact: 949-753-7888 · Bought with: Morgan McMullin · Compass

$1,125,000

Sold August 2012 · listed $1,100,000, on market April 2012 · MLS #F12046271 · Source: CRMLS

Listing Agent: Ben Salem · Listing Office: Rodeo Realty · Contact: 818-986-7300 · Bought with: George Bouzaglou · Rodeo Realty

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