2945 S Orange Dr, Los Angeles, CA 90016
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2945 S Orange Dr Los Angeles, CA 90016

$1,049,000
  • 2 Beds
  • 2 Baths
  • 1,328 Sq.Ft.
For Sale
$1,049,000 Get Pre-Qualified

Map preview of 2945 S Orange Dr, Los Angeles, CA 90016

Property Overview: 2945 S Orange Dr Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,328 living square feet and 4,805 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: Duplex located in the bustling neighborhood of West Adams. This two-unit income property offers a contemporary retreat with a touch of mid-century charm. Recently renovated by a talented designer, the property boasts chic lines, a light, bright palette, and stylish finishes throughout. Each unit features one bedroom and one bathroom, providing comfortable living spaces ideal for urban dwellers. As you enter, you're greeted by newly installed floors that flow seamlessly into the living area. The kitchens have been thoughtfully redesigned with modern appliances and elegant countertops, making meal preparation a breeze. The bathrooms have also been upgraded with sleek fixtures and finishes, adding a touch of modernity to daily routines. Conveniently located just two blocks from the LA Metro Exposition Line, residents enjoy easy access to downtown LA, USC, Culver City, and Santa Monica. Additionally, the neighborhood is dotted with a variety of restaurants, galleries, and businesses, ensuring there's always something to discover right at your doorstep. Whether you're an investor seeking rental income or a savvy buyer looking for a stylish urban retreat, this property offers the perfect blend of modern convenience and timeless appeal. Don't miss out on this opportunity to own a piece of LA's vibrant landscape schedule a showing today!

Listed by John Barrentine | BRE #01207185 | Keller Williams Larchmont
Last checked: 9 minutes ago | Last updated: April 7th, 2024 | Source CRMLS | DOM: 22
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Home details

Lot Sq. Ft
4,805
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24367813
City
Los Angeles
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.65%
  • Gross Rent Multiplier: 19.43
  • Gross Scheduled Income: --
  • Net Operating Income: $27,828
  • Gross Operating Income: $54,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2945 S Orange Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5049021058
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: One block West of La Brea, One block North of Jefferson.
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Sale History for 2945 S Orange Dr

Last sold for $745,000 on April 24th, 2019
  • March, 2024

  • Mar 22, 2024

    Date

    Active

    CRMLS: 24367813

    $1,049,000

    Price

  • October, 2022

  • Oct 1, 2022

    Date

    Canceled

    CRMLS: 22132151

    $1,195,000

    Price

  • May 31, 2022

    Date

    Active

    CRMLS: 22132151

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the wonderful neighborhood of West Adams! Located less than five minutes from the La Brea Expo train stop, you'll find a wonderfully remodeled duplex with thoughtful architectural touches throughout. Each 1 bedroom/1 bath unit is filled with natural light and spacious, modern kitchens, including all new Whirlpool appliances. The in-unit laundry areas are washer/dryer ready. Each of the bathrooms sparkles with a modern, clean shine. Bedrooms are king-bed-friendly with good-sized closets along with extra storage closets. The low-water landscape is drought-tolerant and supported by an environmentally friendly drip irrigation system. Calming private garden patio areas are provided for each unit. The previous owner converted the garage into a living space(bedroom, kitchen, bath), but permits were not obtained. New ADU laws allow for legal ADU conversion with some work. The long driveway provides plenty of off-street gated and secure parking. Short distance to many restaurants (e.g., MizLaLa, Alta, & Highly Likely Cafe), and the new Alsace Hotel Los Angeles. This lot is zoned RD 1.5 and per LADBS has a Tier 3 designation for Transit-Oriented Communities (TOC) which could potentially allow for increased density in the event of future development. Both units will be delivered vacant at the close of escrow.

  • April, 2019

  • Apr 25, 2019

    Date

    Sold

    CRMLS: PW19066745

    $745,000

    Price

  • Apr 8, 2019

    Date

    Pending

    CRMLS: PW19066745

    $689,000

    Price

  • Mar 26, 2019

    Date

    Active

    CRMLS: PW19066745

    $689,000

    Price

  • Listing provided courtesy of CRMLS

    Highly desirable West Adams area!!Great opportunity to own a duplex. Each unit features 1 bedroom, 1 bath. The 2 bathrooms recently remodeled, all rooms have customs window blinds, open concept kitchen. Copper plumbing, fruit trees, washer and dryer hook-ups on both units. Ample on-site-parking, big lot and 2 car garage in the back. Lot of potential as this is zoned LARD1. 5 Minutes away from Culver City, Downtown LA, Mid City, freeways, transportation Expo line.

  • April, 2019

  • Apr 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $745,000

    Price

  • February, 2012

  • Feb 29, 2012

    Date

    Sold (Public Records)

    Public Records

    $296,000

    Price

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Tax History for 2945 S Orange Dr

Assessed Value (2020): $759,900
Year Land Value Improved Value Assessed Value
2020 $612,000 $147,900 $759,900

Home Value Compared to the Market

This property vs the competition

2945 S Orange Dr is listed 16.01% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $789.91 per/sqft which puts the price per square foot 2.32% higher than the median price per square foot for the city of Los Angeles.

About 2945 S Orange Dr

Detailed summary of property

2945 S Orange Dr is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 2 bedrooms, 2 bathrooms, roughly 1,328 living square feet, and sits on an approximately 4,805 square foot lot. 2945 S Orange Dr was first listed on ArdentRealEstateGroup.com on March 22, 2024. The homeowner is currently asking $1,049,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.01% lower than the median priced home. Local competing homes currently for sale include 2419 S Palm Grove Ave, 2531 Hillcrest Dr and 1936 S West View St. While the average home in Los Angeles, CA is selling in 97 days, 2945 S Orange Dr has a days on market of 22 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 2945 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 2945 S Orange Dr

Public county record property details
Beds
2
Baths
2
Year built
1949
Sq. Ft.
1,328
Lot Size
4,803
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
188
APN
5049-021-058

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
$1,150,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
73
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (13.33%), Other (33.33%)

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Related Resources to 2945 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.