1915 1917 S Orange Drive, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$1,229,000
1915 1917 S Orange Drive, Los Angeles, California 90016
0Bed
0Bath
3,065Sqft
4,477Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Desirable Location: Strategically located in Mid-City, offering excellent proximity to major employment hubs and attractions like Culver City, Beverly Hills, DTLA, USC, and convenient freeway access (10 FWY).
Top Cons:
Access Limitations: The property is currently occupied with strict instructions not to disturb tenants, requiring offers to be subject to interior inspection, which may complicate the showing process for potential buyers.
Compared to the nearby listings
Price:$1.23M vs avg $1.23M (+$0)50%
Size:3,065 sqft vs avg 3,065 sqft50%
Price/sqft:$401 vs avg $42443%
More Insights
Built in 1949 (76 years old).
Condition: The property, built in 1949, benefits from significant recent updates. Unit 1915 was 'completely updated in 2022,' and the other two units were 'updated in 2016.' These updates include modern amenities such as central HVAC and in-unit laundry hookups. The images show updated kitchens with wood-toned cabinets, dark countertops, and stainless steel sinks, and bathrooms with new vanities, flooring, and light fixtures. However, the presence of a vintage pink bathtub in one of the updated bathrooms, despite other modern elements, indicates that the renovations, while extensive, were not always comprehensive to a 'virtually new' or 'excellent' standard across all components. The property is described as 'charming, well-maintained' and appears move-in ready, aligning with a 'Good' condition score.
Year Built
1949
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
GD25252273
Home ConditionGood
Features
Patio
View-
About this home
PLEASE DO NOT WALK PROPERTY and Disturb Occupants. ONE UNIT WILL BE DELIVERED VACANT. SUBMIT OFFER SUBJECT TO INTERIOR INSPECTION. Great opportunity to own a charming, well-maintained 3-unit income property in the Mid-City neighborhood. located in close proximity to Culver City, Beverly Hills, DTLA, USC and the 10 FWY. Unit 1915 is a 2 Bed 1 Bath that was completely updated in 2022. It features new cabinets, new central HVAC, in unit laundry hookups and backyard access. Unit 1915 1/2 is a 3 Bedroom 1 Bath that was updated in 2016 featuring in unit laundry hookups, central HVAC and 2 balconies. Unit 1917 is a 2 Bedroom and 1 Bath updated in 2016 featuring in unit laundry hookups, central HVAC and a small patio. Property is located in close proximity to Culver City, Beverly Hills, DTLA, USC and the 10 FWY. Gross Rent is $7,000.00
Condition Rating
Good
The property, built in 1949, benefits from significant recent updates. Unit 1915 was 'completely updated in 2022,' and the other two units were 'updated in 2016.' These updates include modern amenities such as central HVAC and in-unit laundry hookups. The images show updated kitchens with wood-toned cabinets, dark countertops, and stainless steel sinks, and bathrooms with new vanities, flooring, and light fixtures. However, the presence of a vintage pink bathtub in one of the updated bathrooms, despite other modern elements, indicates that the renovations, while extensive, were not always comprehensive to a 'virtually new' or 'excellent' standard across all components. The property is described as 'charming, well-maintained' and appears move-in ready, aligning with a 'Good' condition score.
Pros & Cons
Pros
Desirable Location: Strategically located in Mid-City, offering excellent proximity to major employment hubs and attractions like Culver City, Beverly Hills, DTLA, USC, and convenient freeway access (10 FWY).
Strong Income Potential: A well-maintained triplex generating a substantial gross rent of $7,000.00, providing immediate cash flow and a solid investment opportunity.
Modernized Units & Amenities: All three units have undergone recent updates (2016 & 2022) and boast highly desirable amenities such as central HVAC and in-unit laundry hookups, enhancing tenant appeal and retention.
Immediate Vacancy for Flexibility: One unit will be delivered vacant, offering immediate owner-occupancy or the opportunity to set market-rate rent, providing significant flexibility for the new owner.
Property Condition: Described as a 'charming, well-maintained' property, suggesting a good overall condition and potentially lower immediate maintenance requirements.
Cons
Access Limitations: The property is currently occupied with strict instructions not to disturb tenants, requiring offers to be subject to interior inspection, which may complicate the showing process for potential buyers.
Older Construction: Built in 1949, the property's age, despite recent unit updates, may indicate potential for future capital expenditures related to original structural components, plumbing, or electrical systems.
Regulatory Constraints: As a multi-unit property built in 1949 in Los Angeles, it is highly likely to be subject to local rent control ordinances, which could limit future rent increases and tenant management flexibility for the occupied units.