617 N Orange DR, Los Angeles, CA 90036
617 N Orange DR, Los Angeles, CA 90036
617 N Orange DR, Los Angeles, CA 90036
617 N Orange DR, Los Angeles, CA 90036
617 N Orange DR, Los Angeles, CA 90036
617 N Orange DR, Los Angeles, CA 90036
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Eva Nelson

Eva Nelson

+1(805) 354-8608
$ 5,250,000
Est. payment | /mo

20 Beds

20 Baths

15,000 SqFt

Save Virtual Tour
$ 5,250,000
Est. payment | /mo
Save Virtual Tour

20 Beds

20 Baths

15,000 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $350

MLS Listing ID 26653757

Bedrooms 20

HOA Y/N No

Year Built 1964

Lot Size 0.307 Acres

Property Description

20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Total Parking Spaces 22

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5525018024

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1iYcahOVeVpWkFJ3RO50HewHKqYDhapn0?usp=drive_link

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Listed by David Miller Miller & Desatnik Realty Co. #02105346
Eva Nelson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 354-8608

soldbyevanelson@gmail.com

195 Main St, Pismo Beach, CA, 93449-2628, USA

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617 N Orange DR