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Triplex with Private Yards
For Sale
$849,000

1149 Orme AVE, Los Angeles, CA 90023

Three residential units include separate rear access and updated electrical metering.

Property Size1,799 SF
Days on Market12

Property Features for 1149 Orme AVE

General Information

Standard status Active
Size 1,799 SF
Property subtype MULTI_FAMILY

Additional Details

Asking Price $849,000
Utilities to Site Yes
Multifamily Units 3

Amenities

private yard

Building Details

Building Size 1,799 SF
Year Built 1941
Listing Agency: LPT Realty, Inc
Listed By: Steven Aguilar · License #00820469
Source: Milsteinestates
Added: Sep 1 Changed: Sep 10 Last Checked: Sep 11 at 3:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, Inc

Investment Insights

Based on property information with market context.

Located at 1149 Orme AVE in Los Angeles, this triplex was built in 1941 and contains three residential units. The property includes three new electrical meters, with the rear unit separately configured and private outdoor space associated with both the front and rear units.

Two units are identified for delivery vacant. The property is approximately five minutes from Downtown LA, providing a central Los Angeles setting for a multifamily asset with existing unit separation and outdoor areas.

Key Highlights

  • Three residential units in a triplex built in 1941
  • Three new electrical meters
  • Two units identified for delivery vacant

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Acupuncture (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,332
Businesses Nearby

Demographics for 90023, CA

45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include separate rear access and updated electrical metering.
Where is this triplex located?
The property is located at 1149 Orme AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three residential units in a triplex built in 1941; Three new electrical meters; Two units identified for delivery vacant
More about this property
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