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1802 S Orange Dr, Los Angeles, CA 90019
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1802 S Orange Dr Los Angeles, CA 90019

$2,960,000 Sold Price as of 06/29/2021
  • 12 Beds
  • 12 Baths
  • 6,040 Sq.Ft.
Sold
$2,960,000 Sold Price as of 06/29/2021 Refinance Your Mortgage
Map preview of 1802 S Orange Dr, Los Angeles, CA 90019

Property Overview: 1802 S Orange Dr Los Angeles, CA has 12 bedrooms, 12 bathrooms, 6,040 living square feet and 7,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5014 Pickford is a non-rent controlled, FULLY STABILIZED 2020 fourplex in prime Mid-City, only 7 minutes from Culver City and the countless local hotspots in the area, including the trendy Helms Bakery District! Enjoy a REAL 5.03% cap rate! We personally handled the lease-up of this fourplex and can attest to the fact that this building attracted outstanding professional tenants in record speed. In addition to the prime location, tenants went absolutely wild for the next-level design and finishes on this property. 5014 Pickford was built by high-end home builders with the intention to hold. As you’ll see from the upscale wood kitchens, luxurious bathrooms, gorgeous covered balconies, and expansive open floorplans, this fourplex is many tiers above the other new constructions in the area. The quality of this property is unrivaled and will make long-term ownership a breeze! This neighborhood is without question the hottest rental market in Los Angeles right now, with several of the most exciting mixed-use developments a few short minutes from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development (Whole Foods). The massive quantity of entertainment, tech and creative jobs nearby made the leasing of this property quick and easy. 5014 Pickford is made up of four enormous 3 bed, 3 bath units with real rents of $4,200, $3,995, $3,975 and $3.950. As usual, the property comes with a 1 year builder’s warranty, minimal maintenance, separate meters for gas, water & electric, and 8 parking spaces!

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,002
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
BB21118820
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $3,950
  • Pro Forma/Market Rent: $3,999
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,975
  • Total Rent: $3,975
  • Pro Forma/Market Rent: $3,999
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,999
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: 14.99
  • Gross Scheduled Income: $193,440
  • Net Operating Income: $145,696
  • Gross Operating Income: $185,702
  • Vacancy Allowance: $7,738
Annual Expense Breakdown
  • Total Operating Expense: $40,007
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $34,791
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,416
  • Maintenance: $1,600
  • Water/Sewer: $0

Virtual Tour

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Property Details for 1802 S Orange Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room, Master Bathroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator
Interior Features
  • Balcony, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • New Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Corner Lot, Landscaped, Level, Near Public Transit, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5067015036
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Pickford St, Between Venice Blvd and Washington Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1802 S Orange Dr

Last sold for $2,960,000 on June 29th, 2021

  • June, 2021

  • Jun 29, 2021

    Date

    Sold

    CRMLS: BB21118820

    $2,960,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: BB21118820

    $2,899,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: BB21118820

    $2,899,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold

    CRMLS: 18403692

    $1,150,000

    Price

  • Mar 16, 2019

    Date

    Pending

    CRMLS: 18403692

    $1,200,000

    Price

  • Jan 19, 2019

    Date

    Active

    CRMLS: 18403692

    $1,200,000

    Price

  • Nov 15, 2018

    Date

    Withdrawn

    CRMLS: 18403692

    $1,200,000

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: 18403692

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Shovel ready project to develop town home style units situated in Mid City Heights. A densely populated, highly diverse neighborhood in Central Los Angeles. Where most people live in rented homes or apartments. The project consist of Four (4) Two-Story Town Home Style units situated on a 6,000 SF lot. Each unit is approx. 1,500 SF, consisting of 3 Bed & 2.5 Bath.Sale NotesShovel ready project, ready to break ground Today, to develop town home style units situated in Mid City Heights. A densely populated, highly diverse neighborhood in Central Los Angeles. Where most people live in rented homes or apartments. The project consist of Four (4) Two-Story Town Home Style units situated on a 7,000 SF lot. Each unit is approx. 1,500 SF, consisting of 3 Bed & 2.5 Bath. Fully entitled.

  • August, 2019

  • Aug 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • September, 2018

  • Sep 4, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2018

  • Jul 16, 2018

    Date

    Canceled

    CRMLS: 18352294

    $1,200,000

    Price

  • Jun 7, 2018

    Date

    Active

    CRMLS: 18352294

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Investor opportunity. Sitting on a corner lot. Comes with City approved plan to build townhouse style 4unit multi family. Permit is ready to pull. AS IS.

  • June, 2018

  • Jun 1, 2018

    Date

    Expired

    CRMLS: 17289654

    $1,349,000

    Price

  • May 15, 2018

    Date

    Price Change

    CRMLS: 17289654

    $1,349,000

    Price

  • Apr 6, 2018

    Date

    Active

    CRMLS: 17289654

    $1,399,900

    Price

  • Feb 15, 2018

    Date

    Expired

    CRMLS: 17289654

    $1,399,900

    Price

  • Nov 15, 2017

    Date

    Active

    CRMLS: 17289654

    $1,399,900

    Price

  • Listing provided courtesy of CRMLS

    Investor opportunity, Corner lot with City approved plan to build 4unit. Everything is ready to build. Great location. 4 units will generate great rental income. As-Is

Show More

Tax History for 1802 S Orange Dr

Assessed Value (2020): $1,100,000
Year Land Value Improved Value Assessed Value
2020 $880,000 $220,000 $1,100,000

Home Value Compared to the Market

This property vs the competition

1802 S Orange Dr sold on June 29, 2021 for 158.84% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $479.97 per/sqft which puts the price per square foot 33.71% lower than the current median sale per square foot for the city of Los Angeles.

About 1802 S Orange Dr

Detailed summary of property

1802 S Orange Dr is a fourplex that recently sold in Los Angeles, CA 90019. This fourplex offered 12 bedrooms, 12 bathrooms, roughly 6,040 living square feet, and sits on an approximately 7,002 square foot lot. 1802 S Orange Dr was first listed on ArdentRealEstateGroup.com on June 2, 2021. The homeowner sold the property for $2,960,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 158.84% higher than the current median priced home. Local homes that are currently for sale include 1146 S Stanley Ave, 2938 S Orange Dr and 826 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 106 days, 1802 S Orange Dr has a days on market of 12 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 1802 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 1802 S Orange Dr

Public county record property details
Beds
3
Baths
1
Year built
1927
Sq. Ft.
1,818
Lot Size
7,001
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5067-015-036

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1802 S Orange Dr

5047 Pickford St, Los Angeles, CA 90019
$1,600,000 Last Sold Price
5 Beds
4 Baths
3357 Sq.Ft.
5047 Pickford St
Los Angeles, CA 90019
1828 S Sycamore Ave, Los Angeles, CA 90019
$1,315,000 Last Sold Price
5 Beds
2 Baths
2602 Sq.Ft.
1828 S Sycamore Ave
Los Angeles, CA 90019
1725 S Sycamore Ave, Los Angeles, CA 90019
$950,000 Last Sold Price
5 Beds
4 Baths
-- Sq.Ft.
1725 S Sycamore Ave
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1641 S Orange Dr, Los Angeles, CA 90019
$1,635,000 Last Sold Price
6 Beds
3 Baths
3226 Sq.Ft.
1641 S Orange Dr
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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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