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2626 S Orange Dr, Los Angeles, CA 90016
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2626 S Orange Dr Los Angeles, CA 90016

$2,070,000 Sold Price as of 11/10/2021
  • 15 Beds
  • 6 Baths
  • 5,763 Sq.Ft.
Sold
$2,070,000 Sold Price as of 11/10/2021 Refinance Your Mortgage
Map preview of 2626 S Orange Dr, Los Angeles, CA 90016

Property Overview: 2626 S Orange Dr Los Angeles, CA has 15 bedrooms, 6 bathrooms, 5,763 living square feet and 7,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2626 S Orange Drive is a 6 unit property located in the highly desirable Wes Adams neighborhood of Los Angeles. The property consists of one 4+1.5, four 2+1.5's, and one 3+1.5. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Featuring a stellar 82 walk score, 2626 S Orange Drive provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 10 minute drive from trendy Downtown Culver City and is a 12 minute walk to the Expo/La Brea light rail station. Tenants with young children will enjoy walking them across the street to Cienega Elementary School and a 5 minute drive to Rancho Cienega Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards
Last checked: 8 minutes ago | Last updated: December 30th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,200
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21751304
City
Los Angeles
County
Los Angeles
Time on Site
1061 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,650
  • Total Rent: $3,650
  • Pro Forma/Market Rent: $3,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,503
  • Total Rent: $1,503
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.62
  • Gross Scheduled Income: --
  • Net Operating Income: $116,557
  • Gross Operating Income: $166,265
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2626 S Orange Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community, Individual Room
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5049014005
Location / Neighborhood
Location Information
  • Directions: North of Jefferson Blvd, South of Adams Blvd, East of Redondo Blvd, West of La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2626 S Orange Dr

Last leased for $2,300 on December 29th, 2023

  • December, 2023

  • Dec 29, 2023

    Date

    Leased

    CRMLS: 23341645

    $2,300

    Price

  • Dec 26, 2023

    Date

    Active

    CRMLS: 23341645

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this remodeled 2 bedroom + 2 bath top-floor apartment in prime West Adams! This spacious unit has everything you're looking for: stainless steel appliances, matte black designer finishes, ceiling fans in every bedroom, newer floors + paint, onsite parking and laundry! Conveniently located near the expo line and 10 freeway. Small pets are okay.

  • June, 2023

  • Jun 9, 2023

    Date

    Active

    CRMLS: 23278893

    $2,500

    Price

  • Jun 9, 2023

    Date

    Leased

    CRMLS: 23278893

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this remodeled 2 bedroom + 2 bath top-floor apartment in prime West Adams! This spacious unit has everything you're looking for: stainless steel appliances, matte black designer finishes, ceiling fans in every bedroom, newer floors + paint, onsite parking and laundry! Conveniently located near the expo line and 10 freeway. Small pets are okay.

  • July, 2021

  • Jul 22, 2021

    Date

    Active Under Contract

    CRMLS: 21751304

    $2,150,000

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: 21751304

    $2,150,000

    Price

  • Jun 23, 2021

    Date

    Coming Soon

    CRMLS: 21751304

    $2,150,000

    Price

  • November, 2016

  • Nov 4, 2016

    Date

    Sold

    CRMLS: PW16192095

    $1,400,000

    Price

  • Oct 4, 2016

    Date

    Pending

    CRMLS: PW16192095

    $1,500,000

    Price

  • Aug 31, 2016

    Date

    Price Change

    CRMLS: PW16192095

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    6 Unit apartment complex that consist of 1 Four bedroom 2 bath 1 Three bedroom 2 bath and 4 Two bedrooms 1.5 baths. All units have been well maintained and its just 20 minutes from the new stadium . Property being sold as is

  • November, 2016

  • Nov 3, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • September, 2016

  • Sep 26, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2626 S Orange Dr

Assessed Value (2020): $1,485,690
Year Land Value Improved Value Assessed Value
2020 $891,414 $594,276 $1,485,690

Home Value Compared to the Market

This property vs the competition

2626 S Orange Dr sold on November 10, 2021 for 80.67% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $373.07 per/sqft which puts the price per square foot 50.59% lower than the current median sale per square foot for the city of Los Angeles.

About 2626 S Orange Dr

Detailed summary of property

2626 S Orange Dr is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 15 bedrooms, 6 bathrooms, roughly 5,763 living square feet, and sits on an approximately 7,200 square foot lot. 2626 S Orange Dr was first listed on ArdentRealEstateGroup.com on June 23, 2021. The homeowner sold the property for $2,070,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.67% higher than the current median priced home. Local homes that are currently for sale include 4817 St Charles Pl, 1287 S Cochran Ave and 1296 S Citrus Ave. While the average home in Los Angeles, CA is selling in 92 days, 2626 S Orange Dr has a days on market of 23 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2626 S Orange Dr Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2626 S Orange Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,763
Lot Size
7,200
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
413,414
APN
5049-014-005

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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(714) 706-1823

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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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