1089 S Orange Dr, Los Angeles, CA 90019
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1089 S Orange Dr Los Angeles, CA 90019

$1,595,000
  • 14 Beds
  • 14 Baths
  • 3,696 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified

Map preview of 1089 S Orange Dr, Los Angeles, CA 90019

Property Overview: 1089 S Orange Dr Los Angeles, CA has 14 bedrooms, 14 bathrooms, 3,696 living square feet and 9,497 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: This fourplex is located in a highly desirable Miracle Mile neighborhood. Less than 3 miles from Beverly Grove and 2 miles from Hancock Park. Located between San Vicente Blvd. and Olympic Blvd., consists of 4 units the main structure and detached parking garages, with 2 x two bedrooms and 2 x one bedrooms apartments complete with detached garage & Storage space in addition to a common courtyard. Separately metered for utilities. Built in 1950, the exterior of the building and 3 of the 4 units were recently remodeled. Three of the units washer/dryer, electrical water heaters, hardwood/bamboo flooring, microwave, refrigerator, stove, oven and dishwasher as well as HVAC. Unit #3 can be delivered vacant for Owner-User. Potential to add ADUs

Listed by Yair Haimoff | BRE #01414758 | Spectrum Commercial Real Estate, Inc.
Last checked: 15 minutes ago | Last updated: June 20th, 2024 | Source CRMLS | DOM: 295
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Home details

Lot Sq. Ft
9,497
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
23313613
City
Los Angeles
County
Los Angeles
Time on Site
298 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.25%
  • Gross Rent Multiplier: 19.43
  • Gross Scheduled Income: --
  • Net Operating Income: $57,866
  • Gross Operating Income: $82,080
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1089 S Orange Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5084012007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: N of San Vicente and W of La Brea Avenue. Enter from Edgewood Place or La Brea Avenue.
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Sale History for 1089 S Orange Dr

Last sold for $855,008 on March 20th, 2013
  • September, 2023

  • Sep 20, 2023

    Date

    Active

    CRMLS: 23313613

    $1,595,000

    Price

  • April, 2023

  • Apr 27, 2023

    Date

    Canceled

    CRMLS: 22210127

    $1,795,000

    Price

  • Oct 18, 2022

    Date

    Active

    CRMLS: 22210127

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    This fourplex is located in the highly desirable Miracle Mile neighborhood. Less than 3 miles from Beverly grove and 2 miles from Hancock Park. Located between San Vicente Blvd. and Olympic Blvd, consists of 4 units the main structure and detached parking garages, with 2 two bedrooms and 2 one bedrooms apartments complete with detached garage & storage space in addition to a common courtyard. Separately metered for utilities. Built in 1950, the exterior of the building and 3 units were recently remodeled. Three of the units have washer/dryer, electrical water heaters, hardwood & bamboo flooring, microwave, refrigerator, stove, oven, and dishwasher as well as HVAC. Unit #3 can be delivered vacant for Owner use.

  • March, 2013

  • Mar 20, 2013

    Date

    Sold (Public Records)

    Public Records

    $855,008

    Price

  • June, 2012

  • Jun 1, 2012

    Date

    Sold (Public Records)

    Public Records

    $575,005

    Price

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Tax History for 1089 S Orange Dr

Assessed Value (2020): $962,711
Year Land Value Improved Value Assessed Value
2020 $562,990 $399,721 $962,711

Home Value Compared to the Market

This property vs the competition

1089 S Orange Dr is listed 32.92% 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 $773 and this home is listed at $431.55 per/sqft which puts the price per square foot 44.17% lower than the median price per square foot for the city of Los Angeles.

About 1089 S Orange Dr

Detailed summary of property

1089 S Orange Dr is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 14 bedrooms, 14 bathrooms, roughly 3,696 living square feet, and sits on an approximately 9,497 square foot lot. 1089 S Orange Dr was first listed on ArdentRealEstateGroup.com on September 21, 2023. The homeowner is currently asking $1,595,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.92% higher than the median priced home. Local competing homes currently for sale include 4711 St Elmo Dr, 4723 Pickford St and 1814 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 101 days, 1089 S Orange Dr has a days on market of 295 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 1089 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 1089 S Orange Dr

Public county record property details
Beds
6
Baths
4
Year built
1950
Sq. Ft.
3,696
Lot Size
9,496
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
183
APN
5084-012-007

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
$1,399,000
Median List Price/Sq.Ft.
$679
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
77
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 1089 S Orange Dr

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.