620 N Orange Drive

    Los Angeles (City), CA 90036
    • $1,399,000
    • STATUS: Active
    • ON SITE: 83 days
    • ID#: 18336662
    UPDATED: 42 min ago
    $1,399,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,826
      SQFT
    • $766
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Rare Developer Opportunity: three 5,400 square foot lots side by side, offered for sale at the same time. Zoned LARD 1.5. (Note that 2 of the 3 lots are listed by other brokers: MLS No. 18-336260 and MLS No. OC18074567MR.) According to preliminary analyses, it appears possible to build between 7 and 9 units on 2 adjacent parcels - and even more with the 3rd parcel. (Buyer to verify.) Alternately, this charming 1920's duplex is perfect for the owner/user who wants to offset the mortgage with significant rental income and substantial upside potential, located in one of LA's best rental markets. Melrose is half a block away, together with all the shops, art galleries and restaurants on Fairfax, LaBrea and Highland. Original finishes remain intact: hardwood floors throughout, hand-crafted wood windows & doors, true 3-coat plaster inside and out, antique brass fixtures, artisanal tile, and details that make homes of this era so desirable. An attractive investment for a variety of reasons.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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.
    www.amazingtemeculahomes.com/homes/82908080

    620 N Orange Drive Los Angeles (City), CA 90036

    • Price: $1,399,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 18336662
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,826
    SQFT
    $766
    $/SQFT
    1924
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Rare Developer Opportunity: three 5,400 square foot lots side by side, offered for sale at the same time. Zoned LARD 1.5. (Note that 2 of the 3 lots are listed by other brokers: MLS No. 18-336260 and MLS No. OC18074567MR.) According to preliminary analyses, it appears possible to build between 7 and 9 units on 2 adjacent parcels - and even more with the 3rd parcel. (Buyer to verify.) Alternately, this charming 1920's duplex is perfect for the owner/user who wants to offset the mortgage with significant rental income and substantial upside potential, located in one of LA's best rental markets. Melrose is half a block away, together with all the shops, art galleries and restaurants on Fairfax, LaBrea and Highland. Original finishes remain intact: hardwood floors throughout, hand-crafted wood windows & doors, true 3-coat plaster inside and out, antique brass fixtures, artisanal tile, and details that make homes of this era so desirable. An attractive investment for a variety of reasons.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Direction Faces West Lot Size Dimensions 45X120 Lot Size Units Square Feet Parking Features Garage - Two DoorDriveway Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Wood Laundry Features None

    Property Features

    Gross Multiplier 33.50 Gross Operating Income 43260.00 Improvements Amount 137121 Improvements Percent 28.57 Land Value 342817 Land Value Percent 71.43 Laundry YN No Net Operating Income 41760.00 Special Listing Conditions Standard Total Expenses 1500.00 Zoning Lard1.5

    Listing provided courtesy of Brian Linder of The Agency and William Baker of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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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