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1032 S Orange Dr, Los Angeles, CA 90019
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1032 S Orange Dr Los Angeles, CA 90019

$2,400,000
  • 8 Beds
  • 4 Baths
  • 5,136 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified
Map preview of 1032 S Orange Dr, Los Angeles, CA 90019

Property Overview: 1032 S Orange Dr Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,136 living square feet and 6,564 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICE REDUCTION! Bring all Offers. RARE 4-unit income property in the incredible Miracle Mile / Hancock Park location of Los Angeles. The owner has spared no expense in renovating the units, including all plumbing and electricity, exterior fixtures, kitchens, and bathrooms. Truly one of the most sought-after locations in Los Angeles, this property is an ideal purchase for both Investors and Owner/Users alike. Located near the corner of Olympic and La Brea only a few minutes from the 10 Freeway and the Expo Line and steps away from the new Purple Line, this location is an ideal living situation for all.

Listed by Jacob Plewa | BRE #02041641 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 14 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
6,564
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430437
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $11,600
  • Pro Forma/Market Rent: $16,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $93,074
  • Gross Operating Income: $135,024
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1032 S Orange Dr

No upcoming open houses

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Property Details for 1032 S Orange Dr

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5084011026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of La Brea, just South of Olympic
View more facts & features

Local Los Angeles Agent

Sale History for 1032 S Orange Dr

Last leased for $2,645 on November 21st, 2020

  • August, 2024

  • Aug 21, 2024

    Date

    Active

    CRMLS: 24430437

    $2,500,000

    Price

  • November, 2020

  • Nov 23, 2020

    Date

    Leased

    CRMLS: BB20226697

    $2,645

    Price

  • Oct 27, 2020

    Date

    Active

    CRMLS: BB20226697

    $2,645

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous 2 bedroom, 1 bathroom unit in A+ location near MIRACLE MILE! 1,200 square feet of living space, with hardwood flooring throughout, washer & dryer, stainless steel dishwasher, refrigerator and stove! This unit is incredibly bright with recess lighting throughout the unit, modern light fixtures, and tons of dual paneled windows. Remote controlled fans in every room! Quartz counters in the kitchen and bathroom! Not to mention, walking distance to some of LA's most trendy restaurants, bars, coffee shops, and stores including Poke Bar, Trejo's Tacos! MINUTES away from The Grove, Hollywood and more! Why pay more for a big, crowded building when you can get a stunning private unit in a peaceful fourplex to yourself?

  • September, 2017

  • Sep 7, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2017

  • May 22, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2013

  • Oct 10, 2013

    Date

    Price Change

    CRMLS: 13703321

    $1,490,000

    Price

  • Sep 11, 2013

    Date

    Price Change

    CRMLS: 13703321

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    This unique 4-plex designed in classic English Tudor style, is located in the Mid-Wilshire sub market, one of LA's most desirable rental markets. It's commercial and public areas include world class museums, restaurants and shopping districts. These spacious units, feature hardwood floors, original crown molding, restored fixtures and lost of natural light. 2 of the 4 units have completely renovated kitchens and bathrooms with granite counter tops and cabinets, dishwashers, and washer & dryer. The location and character of the building offer intrinsic potential of appreciation and upside in rental income.

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Tax History for 1032 S Orange Dr

Assessed Value (2020): $1,612,620
Year Land Value Improved Value Assessed Value
2020 $1,128,834 $483,786 $1,612,620

Home Value Compared to the Market

This property vs the competition

1032 S Orange Dr is listed 100% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $467.29 per/sqft which puts the price per square foot 39.15% lower than the median price per square foot for the city of Los Angeles.

About 1032 S Orange Dr

Detailed summary of property

1032 S Orange Dr is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 5,136 living square feet, and sits on an approximately 6,564 square foot lot. 1032 S Orange Dr was first listed on ArdentRealEstateGroup.com on August 21, 2024. The homeowner is currently asking $2,400,000 and was originally asking $2,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 100% higher than the median priced home. Local competing homes currently for sale include 1349 Meadowbrook Ave, 4817 St Charles Pl and 4639 Lomita St. While the average home in Los Angeles, CA is selling in 106 days, 1032 S Orange Dr has a days on market of 29 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1032 S Orange Dr Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1032 S Orange Dr

Public county record property details
Beds
8
Baths
4
Year built
1928
Sq. Ft.
5,136
Lot Size
6,555
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
154
APN
5084-011-026

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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