1858 S Orange Drive, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1858 S Orange Drive, Los Angeles, California 90019 home-pic-0
ACTIVE$1,900,000
1858 S Orange Drive, Los Angeles, California 90019
0Bed
0Bath
6,065Sqft
6,743Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Investment Opportunity: Explicitly marketed as an outstanding investment opportunity for both seasoned and new investors, indicating strong potential returns in a coveted neighborhood.
Top Cons:
Property Age (1928): Built in 1928, the property is nearly a century old, which may necessitate significant capital expenditures for renovations, system upgrades, and deferred maintenance.

Compared to the nearby listings

Price:$1.90M vs avg $2.48M ($-580,000)50%
Size:6,065 sqft vs avg 9,578 sqft50%
Price/sqft:$313 vs avg $27450%

More Insights

Built in 1928 (97 years old).
Condition: 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 The visible kitchen is extremely basic and outdated, featuring old light wood cabinets, a simple laminate countertop, and a white freestanding electric range, indicating a need for a full renovation.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.
Year Built
1928
Close
-
List price
$1.9M
Original List price
$2.2M
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
DW24207518
Home ConditionPoor
Features
Good View:
View-

About this home

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.

Condition Rating
Poor

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.
Pros & Cons

Pros

Prime Investment Opportunity: Explicitly marketed as an outstanding investment opportunity for both seasoned and new investors, indicating strong potential returns in a coveted neighborhood.
Strategic & Vibrant Location: Situated in the desirable West Adams/Mid-City district, offering excellent proximity to a wealth of amenities, freeway access, and public transportation.
Strong Market Growth & Appreciation: The Mid-City submarket is experiencing significant growth with ongoing development projects, promising enhanced property values and long-term appreciation.
High Rental & Buyer Demand: The area consistently attracts renters, buyers, builders, and developers due to its central location and diverse lifestyle offerings, ensuring sustained demand.
2028 Olympics Catalyst: Positioned to capitalize on the growth and capital expenditures driven by Los Angeles' 2028 Olympics, potentially boosting equity and market interest.

Cons

Property Age (1928): Built in 1928, the property is nearly a century old, which may necessitate significant capital expenditures for renovations, system upgrades, and deferred maintenance.
Lack of Unit-Specific Details: 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.
Recent Price Reduction: 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.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state