2938 S Orange Drive, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$1,599,999
2938 S Orange Drive, Los Angeles, California 90016
0Bed
0Bath
2,173Sqft
6,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a triplex, this property offers immediate rental income potential, making it highly attractive to investors or owner-occupants seeking to offset mortgage costs.
Top Cons:
Age and Potential for System Updates: Built in 1930, the property likely requires significant updates to its core systems (plumbing, electrical, HVAC), which could lead to substantial renovation expenses.
Compared to the nearby listings
Price:$1.60M vs avg $1.35M (+$249,999)71%
Size:2,173 sqft vs avg 2,173 sqft50%
Price/sqft:$736 vs avg $45586%
More Insights
Built in 1930 (95 years old).
Condition: The property was built in 1930, making it 94 years old. While it functions as a triplex, there are no details about recent renovations. Assuming some level of maintenance and potential updates around the last sale in 2006 (18 years ago), the property likely falls into the 'Fair' category. This suggests it is aged but maintained, with major components functional but showing signs of being outdated. Without images, specific conditions of the kitchen, bathrooms, appliances, and other features cannot be assessed, but given the age, they are likely to require minor updates or repairs to meet modern standards and aesthetics.
Year Built
1930
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253162
Home ConditionFair
Features
ViewNeighborhood
About this home
Nearby schools
5/10
Cienega Elementary School
Public,•K-5•0.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.6mi
6/10
Marvin Elementary School
Public,•K-5•0.7mi
5/10
Virginia Road Elementary School
Public,•K-5•0.9mi
4/10
Alta Loma Elementary School
Public,•K-5•1.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.0mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.0mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.6mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
08/14/06
Sold
$595,000
Condition Rating
Fair
The property was built in 1930, making it 94 years old. While it functions as a triplex, there are no details about recent renovations. Assuming some level of maintenance and potential updates around the last sale in 2006 (18 years ago), the property likely falls into the 'Fair' category. This suggests it is aged but maintained, with major components functional but showing signs of being outdated. Without images, specific conditions of the kitchen, bathrooms, appliances, and other features cannot be assessed, but given the age, they are likely to require minor updates or repairs to meet modern standards and aesthetics.
Pros & Cons
Pros
Income-Generating Asset: As a triplex, this property offers immediate rental income potential, making it highly attractive to investors or owner-occupants seeking to offset mortgage costs.
Prime Los Angeles Location: Situated in the desirable Los Angeles 90016 postal code, the property benefits from access to urban amenities, employment centers, and a robust rental market.
Generous Lot Size: The substantial 6001 sqft lot provides ample outdoor space and potential for future expansion, such as an Accessory Dwelling Unit (ADU), subject to local zoning regulations.
Highly-Rated Elementary Schools: Proximity to several highly-rated elementary schools (e.g., Baldwin Hills, Marvin, Cienega with ratings of 5 and 6) is a significant draw for families.
Long-Term Investment Potential: Multi-unit properties in established Los Angeles neighborhoods typically demonstrate strong long-term appreciation and consistent demand, offering solid investment prospects.
Cons
Age and Potential for System Updates: Built in 1930, the property likely requires significant updates to its core systems (plumbing, electrical, HVAC), which could lead to substantial renovation expenses.
Subpar Middle and High School Ratings: The closest middle (Audubon) and high schools (Susan Miller Dorsey) have low ratings (2), which may be a deterrent for families with school-aged children.
Limited View Appeal: While a view exists, it is described as 'Neighborhood,' lacking the premium appeal and value uplift associated with panoramic city, ocean, or mountain views.