1858 S Orange Drive, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This 8-Unit Mixed Use Asset represents a strategic Value-Add Opportunity in the rapidly appreciating West Adams/Mid-City district. Currently offered at a List Price of $1,900,000, the property aligns with the high-end of its $1,675,367 Fair Market Value range, requiring a focused renovation strategy to unlock full potential. Carrying a Poor Condition Rating, the 1928 structure demands modernization to capture rising submarket rents and capitalize on the 2028 Olympics infrastructure surge. Featuring a Distant City Skyline View, this high-potential project is ideal for Buy-and-Hold Investors and Value-Add Developers seeking long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1858 S Orange Drive Subject | $1,900,000* List Price | 0 | 0 | 6,065 | $276 | - |
A 1801 S Longwood Avenue Sold | $1,400,000 | 0 | 0 | 5,202 | $269 | 0.3 mi |
B 1649 S La Brea Active | $2,200,000 List Price | 0 | 0 | 6,816 | $323 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928, this 8-unit property shows significant age and deferred maintenance. The visible kitchen is extremely basic and outdated, featuring old light wood cabinets, a simple laminate countertop, and a white freestanding electric range, indicating a need for a full renovation. The hallway shows worn carpeting and an older wall-mounted heating unit. The exterior stucco also exhibits noticeable staining and wear. While the structure appears sound, the property requires substantial rehabilitation and modernization to meet current living standards and appeal, aligning with the 'poor' condition criteria.
Explicitly marketed as an outstanding investment opportunity for both seasoned and new investors, indicating strong potential returns in a coveted neighborhood.
Situated in the desirable West Adams/Mid-City district, offering excellent proximity to a wealth of amenities, freeway access, and public transportation.
The Mid-City submarket is experiencing significant growth with ongoing development projects, promising enhanced property values and long-term appreciation.
Built in 1928, the property is nearly a century old, which may necessitate significant capital expenditures for renovations, system upgrades, and deferred maintenance.
The description provides no information on the condition, size, or current occupancy of the 8 units, making it difficult to assess immediate income potential or required improvements without further due diligence.
A significant price drop from $2.2M to $1.9M suggests potential initial overpricing or underlying issues that led to the reduction, warranting further investigation into market reception or property condition.
Outstanding investment opportunity in the heart of Los Angeles! Off of W. Washington Blvd & La Brea Ave - this 8-unit property offers a unique chance for both seasoned investors and newcomers to the market to capitalize on a coveted neighborhood with immense potential. Opportunity for long-term appreciation in a market poised for equity. The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment. The property’s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops—all within walking distance. The area’s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes. The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,065 | 6,065 | 50% |
| Lot Size | 6,743 | 7,089 | 33% |
| Price | $1.90M | $1.90M | 50% |
| Price per sq ft | $313 | $269 | 67% |
| Built year | 1928 | 1928 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 563 | 250 | 0% |
Oct 3, 2025
$1,900,000
Initial Listing
Oct 6, 2024
$2,200,000
Initial Listing