1414 S Orange Dr, a fantastic 5-unit investment property located in Mid City in Los Angeles, CA. Appraised in February 2023 for $4,050,000!!! This beautiful new construction cash-flowing property sits on a 0.16-acre lot with over $141,000 in capital improvements added in the past year. Some of the recent improvements include EV charging stations, nest thermostats, private yards and a new private fence line, enclosed garages, eco-friendly irrigation systems, brand-new LG washer/dryers, sliding glass doors, and beautifully designed landscaping. This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 5 spacious units and 7,002 square feet of living area in total. The property features (1) 3 bed 3.5 bath unit, (2) 4 bed 4.5 bath units, and (2) 3 bed 2 bath units across three separate structures. All of the units have been extensively upgraded and rented at market to strong tenants. 1414 S Orange Dr, nestled in a prime pocket of Mid City, offers strong Day 1 cash flow operating at 5.02% Cap Rate and 14.21 GRM.
Property Details
Property Features
Property Information:
Year Built: 2022
Stories: 3
Living Area: 7,002 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
This property is $2.7M more than the Median Sold Price and $96/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24377541
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Jake Glaser
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 8:25:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 13, 2019
May 13, 2019Home Sold
$858,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,786
$884,226
2020
$1,052
$875,160
2019
$938
$56,208
2018
$925
$55,106
2017
$925
$54,026
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Saturn Street Elementary School
5360 Saturn St
Distance between this listing and this school0.55 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.56 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school19.56 miles
Public Magnet Grades 1-5
Middle School
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school5.11 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school7.45 miles
Public District Grades 6-8
High School
2
/10
Los Angeles Senior High School
4650 W Olympic Blvd
Distance between this listing and this school0.98 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.75 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.33 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Saturn Street Elementary School
5360 Saturn St
Distance between this listing and this school0.55 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.56 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school19.56 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school5.11 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school7.45 miles
Public District Grades 6-8
Nearby Schools
4
/10
New Los Angeles Charter
1919 S Burnside Ave
Distance between this listing and this school0.78 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
Los Angeles Senior High School
4650 W Olympic Blvd
Distance between this listing and this school0.98 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.75 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.33 miles
The neighbors living near this home have an average income of $35,000. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1414 S Orange Dr
What is the listing price of this property?
The listing price of 1414 S Orange Dr property is $3,750,000.
What type of property is this?
The property 1414 S Orange Dr is a house located in Los Angeles, California, 90019.
Is this property for sale now?
Active Listing: 1414 S Orange Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1414 S Orange Dr are: Saturn Street Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Ralph Waldo Emerson Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Los Angeles Senior High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,786 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 13, 2019 for $858,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1414 S Orange Dr has 17 bedrooms and 18 bathrooms.
What is the square footage of this property?
The property 1414 S Orange Dr is 7,002 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1414 S Orange Dr is 2022.
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This home is located at 1414 S Orange Dr in Los Angeles, CA and zip code 90019 in the Mid-City neighborhood. This 7,002 square foot home, which was built in 2022, sits on a 0.16 acre lot. Features: 17 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $3,750,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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