1414 S Orange Drive, Los Angeles, CA 90019
Local realty services provided by:ERA Donahoe Realty
1414 S Orange Drive,Los Angeles, CA 90019
$3,499,000
- 17 Beds
- 16 Baths
- 7,456 sq. ft.
- Multi-family
- Active
Listed by: david saghian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26660309
Source:CRMLS
Price summary
- Price:$3,499,000
- Price per sq. ft.:$469.29
About this home
MOTIVATED SELLER *** We are pleased to present 1414 S Orange Drive, a newly constructed 2021 5 unit multifamily property located in the heart of prime Mid City, Los Angeles. Situated on a 7,002 square foot LARD1.5 zoned lot with 7,456 square feet of improvements across three buildings, this asset offers an ideal high income unit mix consisting of two 4 bedroom 4.5 bathroom units, one 3 bedroom 3.5 bathroom unit, and two 3 bedroom 2 bathroom units.Each residence features open concept layouts, high ceilings, large kitchen islands or peninsulas, premium stainless steel appliances, sleek bathrooms with marble finishes, in unit laundry, and modern high end finishes throughout. All five units are fully leased, reflecting strong tenant demand in this highly walkable Mid City location with a Walk Score of 85. Offered at $3,499,000, the property presents a 5.7% cap rate and 13.69 GRM, equating to $700,000 per unit and $469 per square foot, making it one of the best priced new construction 5 unit assets in the submarket. Tenants pay all utilities, and the property is separately metered for gas, electric, and water, significantly reducing operating expenses and increasing net income.The property also features five tandem garages and five additional exterior parking spaces, providing ample parking for residents.Located just minutes from popular restaurants, retail, and entertainment, this is an exceptional 1031 exchange opportunity and a rare chance to acquire a low maintenance, high yield asset in one of Los Angeles' strongest rental corridors.Buyer to verify all information....
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Home facts
- Year built:2021
- Listing ID #:26660309
- Added:58 day(s) ago
- Updated:May 03, 2026 at 10:43 AM
Rooms and interior
- Bedrooms:17
- Total bathrooms:16
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:7,456 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:7,456 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$3,499,000
- Price per sq. ft.:$469.29
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
Parking
- Parking description:Door-Single, Garage, Uncovered
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