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542 N Orange Dr Los Angeles, CA 90036

$2,150,000 Sold Price as of 08/24/2022

5 Beds
5 Baths
3,815 Sq.Ft.

Sold

$2,150,000 Sold Price as of 08/24/2022 Refinance Your Mortgage

Map preview of 542 N Orange Dr, Los Angeles, CA 90036

Property Overview: 542 N Orange Dr Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,815 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exceptional Spanish Style Triplex in prime Hancock Neighborhood and walking distance to Melrose. Hardwood floors and romantic fireplaces! Spacious charming units with architectural features abound! Rare opportunity! Large backyard! Enjoy the Serenity! A must see!

Listed by Philip Boroda | BRE #00822192 | Coldwell Banker Realty
Co-listed by Richard Hartzler | BRE #00907499 | Coldwell Banker Realty

Last checked: 5 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft: 6,000
HOA Dues: $0/mo
Year built: 1931
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: 22159129
City: Los Angeles
County: Los Angeles
Time on Site: 855 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 542 N Orange Dr

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Floor Furnace

Room Information

Basement

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 6
Has Parking
Parking Features: Detached Carport

Property Information

No View
View: None
Total # of Units: 3
Parcel Number: 5524028020
Architectural Style: Spanish

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Other

Location / Neighborhood

Location Information

Directions: Near Southeast corner of Clinton Street and Orange Drive

View more facts & features

Local Los Angeles Agent

Sale History for 542 N Orange Dr

Last sold for $2,150,000 on August 24th, 2022

August, 2022
Aug 24, 2022

Date

Sold

CRMLS: 22159129

$2,150,000

Price
May 19, 2022

Date

Active

CRMLS: 22159129

$2,249,000

Price
February, 2021
Feb 19, 2021

Date

Pending

CRMLS: 21693942

$1,749,000

Price
Feb 16, 2021

Date

Active

CRMLS: 21693942

$1,749,000

Price
Listing provided courtesy of CRMLS

Fantastic Opportunity to Acquire this Spanish-Style Triplex in the Heart of Hancock Park! Units have hardwood floors, fireplaces & patios - each one with its own individual character & charm. Plenty of Garaged & driveway parking space. Property is in need of work and is being sold AS IS. Can be delivered fully vacant at buyer's request.

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February, 2021
Feb 11, 2021

Date

Canceled

CRMLS: MB20104194

$2,000,000

Price
Nov 5, 2020

Date

Price Change

CRMLS: MB20104194

$2,000,000

Price
Aug 17, 2020

Date

Price Change

CRMLS: MB20104194

$2,300,000

Price
Aug 7, 2020

Date

Price Change

CRMLS: MB20104194

$2,335,000

Price
Jun 1, 2020

Date

Active

CRMLS: MB20104194

$2,375,000

Price
Listing provided courtesy of CRMLS

Conveniently situated in the center of Los Angeles. In a quiet tree-lined street in the historic neighborhood of Hancock Park. It is well recognized as one of L.A. magnificent assets as a neighborhood. Hancock Park is the home to many regions most expensive homes and a roster of high-profile residents. It is a Triplex, one of the units has been divided in two and has additional unpermitted unit. Most units include fireplaces, hardwood floors, it is a classic Los Angeles charm, with many windows and beautiful iron work inside and out and private patios which provide the feel of separate individual homes. Beautiful Spanish modern classic Gem, newly painted and many updates to list, a must see. Triplex situated on a 6,000 SF parcel of land ZONED RD1.5 in Hancock Park. It counts with unique architectural features. At the close of escrow all units will be delivered vacant. Just minutes to the future Purple line metro scheduled for 2023, Beverly Center, 3rd. Street, La Cienega Park, BH Tennis Center, The Grove, Century City 10 Fwy, Cedar Sinai and much more.

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March, 2019
Mar 1, 2019

Date

Sold

CRMLS: 18360196

$1,900,000

Price
Jul 31, 2018

Date

Active Under Contract

CRMLS: 18360196

$1,800,000

Price
Jun 29, 2018

Date

Active

CRMLS: 18360196

$1,800,000

Price
Listing provided courtesy of CRMLS

Situated in the center of Los Angeles' exciting urban landscape lies the historic neighborhood of Hancock Park. Recognized as one of Los Angeles' most affluent and recognizable neighborhoods, Hancock Park is home to many of the regions most expensive homes and a roster of high-profile residents.THG Advisors, as exclusive listing agent, is pleased to present the opportunity to purchase 542 N. Orange Drive, a triplex situated on a 6,000 SF parcel of land zoned RD1.5 in Hancock Park. The asset possesses unique architectural features and most units include working fireplaces and private patios which provide the feel of separate individual homes. The Property offers a rare opportunity to acquire a vacant triplex in one of Los Angeles' most desirable neighborhoods. Upon closing escrow, an investor has the flexibility to either began an extensive value-add program by blending the gorgeous Spanish-style design with modern finishes or developing the property into four small lot homes.

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August, 2018
Aug 28, 2018

Date

Sold (Public Records)

Public Records

$1,900,000

Price
February, 2018
Feb 8, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 542 N Orange Dr

Assessed Value (2020): $1,938,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,326,000	$612,000	$1,938,000

Home Value Compared to the Market

This property vs the competition

542 N Orange Dr sold on August 24, 2022 for 100.8% 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 $589.52 per/sqft which puts the price per square foot 18.58% lower than the current median sale per square foot for the city of Los Angeles.

About 542 N Orange Dr

Detailed summary of property

542 N Orange Dr is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,815 living square feet, and sits on an approximately 6,000 square foot lot. 542 N Orange Dr was first listed on ArdentRealEstateGroup.com on May 20, 2022. The homeowner sold the property for $2,150,000. 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 100.8% higher than the current median priced home. Local homes that are currently for sale include 347 N Genesee Ave, 624 S Dunsmuir Ave and 630 S Dunsmuir Ave. While the average home in Los Angeles, CA is selling in 106 days, 542 N Orange Dr has a days on market of 26 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 542 N Orange Dr Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 542 N Orange Dr

Public county record property details

Beds: 6
Baths: 5
Year built: 1931
Sq. Ft.: 3,815
Lot Size: 6,000
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 105
APN: 5524-028-020

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,150,000

Median List Price/Sq.Ft.

$937

Median Sold Price

$1,675,000

Median Sold Price/Sq.Ft.

$754

Total Inventory

Median Sale to List Price %

95.71%

Avg Days on Market

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 542 N 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.