1048 S ORANGE Dr, Los Angeles, CA 90019

Property Description

We are pleased to present 1048 S. Orange Dr., located in Los Angeles, California. Built in 1926 and renovated in 1984 and 2009, the property is comprised of four large 2 bedroom / 1 bathroom units that are approximately 1,400 SF each. For future redevelopment, it is important to note that the lot, at over 11,000 square feet, represents one of the bigger lots in the tract. The stunning property is a wood framed structure with full brick veneer, hardwood floors and crown moldings. A true value add opportunity, the property is 35% below market, allowing an investor immense upside in a strong rental market. Its combination of architectural character and prime location make it a valuable asset for acquisition by an owner/user or a blue chip investment for your portfolio.Amenities: Each unit has its own HVAC system, its own laundry room with a washer & dryer hookup, decorative fireplace mantel and formal dining room.