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$2,399,000

Beds
6
sq ft
5,666

1114 S Orange Dr, Los Angeles, CA 90019

1114 S Orange Dr

Los Angeles, CA 90019

  • 20 days on market
The location of the property is amazing. This well-maintained property was renovated in 2024 and consists of two 1-bedroom+ bath unit, one 3-bedroom+2 bath unit and a 1-bedroom+1bath ADU unit. The 3 bedrooms+2 bath unit has been fully remodeled. The some of the features in the remodeled 3-bedroom unit are European finish fixtures, quartz countertops/ kitchen island, Viking stove, updated stainless steel appliances, recessed lighting and a new washer/dryer. The rooms in the 2 one-bedroom units are big enough to be converted to two-bedroom units for increased financial opportunity. The 7,281 square foot lot + 5,065 square foot main building + 600 square foot one bedroom and one-bathroom ADU that was recently built out has a total 5,665 square foot living area located within a highly desirable pocket of Mid-City Los Angeles. The property sits at HPOZ zoning. La Brea Avenue providing convenient access to daily errands, retail and entertainment venues. The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1114 South Orange Drive an excellent investment opportunity.

Details

Property type

Est. home value

$1,580,223

Lot size

7,284 sq ft

Price per sq ft

$424

Year built

1941

HOA

No

Price History

10/22/2024
CLAW

CLAW #24455707

Listed
$2,399,000
-4%
07/23/2024
CLAW

CLAW #24415911

Removed
$2,499,000
07/16/2024
CLAW

CLAW #24415911

Listed
$2,499,000
+66.6%

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Open Bank

Loan start date

August 2021

Original loan amount

$975,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

New Conventional, 30 year

Seller

Crystal Hye Jin Ju

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/12/2024 at 5:45 PM

Listing updated: 10/30/2024 at 6:40 AM

Listed by: Jenny Um, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #24455707

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