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$1,585,000
9 bed
3,764 Sqft
4,800 Sqft lot

2622 S Orange Drive, Los Angeles, California 90016

  • Residential Income Property Type
  • 48 Days Time on market
  • $421 Price per sqft
  • 1966 Year Built
Property Description

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.

Basic Details
Residential Income
Buy
24385755
$1,585,000
9
3,764 Sqft
1966
4,800 Sqft
Active
Condos/Co-ops
Features
: Wall Furnace
: Refrigerator
: Traditional
4
$0
: Sewertappaid
Address
CA
Los Angeles
Los Angeles
90016
2622 S Orange Drive
2622
Drive
0
W119° 38' 48.5''
N34° 1' 54.2''
S
Additional Information
48
2
2
5
: Two
3,764 Sqft
0 Sqft
0 Sqft
: Ceiling Fan(s)
0.11 Sqft
4,800 Sqft
1
0 Sqft
LARD1.5
5049014006
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
29/04/2024 16:41:38
$1,595,000
: Standard
From Adams Blvd., turn South onto Orange Drive.
Global Platinum Properties, Inc.
Armin Soleimani
CLW-X82397
CLW-C120232
$0
5
West
: Laminate
1
: Front Yard
1
: Double Pane Windows
0
0
1
1
4
Updated/Remodeled
106500
US-06037-N-5049014006-R-N
31/05/2024 00:27:30
Orange
C16 - Mid Los Angeles
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