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$1,585,000

Beds
9
sq ft
3,764

2622 S Orange Dr, Los Angeles, CA 90016

2622 S Orange Dr

Los Angeles, CA 90016

  • 62 days on market
    • Price drop $10,000↓
For sale: Recently Reduced 4-Unit Property in West Adams. This property presents an opportunity to acquire four spacious units with the potential for increased rental revenue. Of the four units, three have been recently renovated, and one remains vacant in impeccable condition. The unit mix comprises one 3-bedroom, 2-bath unit and three 2-bedroom, 1.5-bath units. The property offers ample onsite parking and the potential to convert the parking spaces beneath the building into ADUs (Accessory Dwelling Units), a popular option in the Mid City/West Adams area. Furthermore, this property is situated in an Opportunity Zone, representing a compelling investment opportunity. The presence of a vacant unit may appeal to potential FHA buyers, and investors have the option to lease it at market rents.

Details

Property type

Property condition

Updated/Remodeled

Lot size

4,800 sq ft

Price per sq ft

$422

Year built

1966

HOA

No

Price History

05/31/2024
CLAW

CLAW #24385755

Price change
$1,585,000
-0.63%
05/16/2024
CLAW

CLAW #24385755

Price change
$1,595,000
-1.85%
05/15/2024
CLAW

CLAW #24385755

Listed
$1,625,000

Schools & Community

Neighborhood: 

West Adams

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 07/01/2024 at 8:25 AM

Listing updated: 05/31/2024 at 10:34 AM

Listed by: Armin Soleimani, Global Platinum Properties, Inc. Phone #: (424) 394-1030

MLS: CLAW #24385755

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