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$ 5,250,000
Est. payment /mo
Active
617 N Orange DR Los Angeles, CA 90036
20 Beds
20 Baths
15,000 SqFt
UPDATED:
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
Listed by David Miller Miller & Desatnik Realty Co. #02105346