Five-Unit Apartment Building with Tandem
For Sale
$3,195,000
1414 S Orange Drive, Los Angeles, CA 90019
Five fully leased units in an LARD1.5 complex with RSO status, separately metered utilities, and tandem garage parking.
Property Size7,456 SF
Lot Size0.16 Acres
Price / SF$428.51
Days on Market92
Property Features for 1414 S Orange Drive
General Information
Standard status
Active
Size
7,456 SF
Total Parking Spaces
10
Lot size
0.16 Acres
Property subtype
Multi-family
Zoning
LARD1.5
Occupancy
100%
Financials
Asking Price
$3,195,000
Cap Rate
6.22%
Gross Rent Multiplier
12.5
Units
Unit Mix
2 x 4BR/4.5BA, 1 x 3BR/3.5BA, 2 x 3BR/2BA
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Amenities
in-unit laundry
Building Details
Year Built
2021
Buildings
3
Listing Agency:
Lyon Stahl Investment Real Estate,Inc.
Listed By:
David Saghian
(714) 497-3550
Source:
Sevengables
Added: May 14
Changed: Aug 12
Last Checked: Aug 12 at 3:19AM
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 Lyon Stahl Investment Real Estate,Inc.
Investment Insights
Based on property information with market context.
1414 S Orange Drive is a brand new 2021 construction five-unit multifamily property arranged across three buildings. The unit mix includes two 4-bedroom, 4.5-bath units, one 3-bedroom, 3.5-bath unit, and two 3-bedroom, 2-bath units. Interiors feature open-concept layouts with high ceilings, large kitchen islands or peninsulas, stainless steel appliances, in-unit laundry with washers and dryers included, and modern fixtures. The property is RSO and all five units are fully leased.
The property sits on a 7,002 square foot LARD1.5 zoned lot with 7,456 square feet of improvements. Tenants pay all utilities and the building is separately metered for gas, electric, and water with five meters for each, supporting reduced operating expenses. Parking includes five tandem garages plus five additional exterior parking spaces.
Location is described as walkable Mid City, with a Walk Score of 85. Financial metrics reported include a 6.22% real cap rate and a 12.5 GRM. Buyer to verify all information.
The property sits on a 7,002 square foot LARD1.5 zoned lot with 7,456 square feet of improvements. Tenants pay all utilities and the building is separately metered for gas, electric, and water with five meters for each, supporting reduced operating expenses. Parking includes five tandem garages plus five additional exterior parking spaces.
Location is described as walkable Mid City, with a Walk Score of 85. Financial metrics reported include a 6.22% real cap rate and a 12.5 GRM. Buyer to verify all information.
Key Highlights
- Five fully leased units across three buildings
- Unit mix: two 4 bed/4.5 bath, one 3 bed/3.5 bath, two 3 bed/2 bath
- 7,002 SF LARD1.5 lot with 7,456 SF improvements; year built 2021
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five fully leased units in an LARD1.5 complex with RSO status, separately metered utilities, and tandem garage parking.
Where is this apartment building located?
The property is located at 1414 S Orange Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Five fully leased units across three buildings; Unit mix: two 4 bed/4.5 bath, one 3 bed/3.5 bath, two 3 bed/2 bath; 7,002 SF LARD1.5 lot with 7,456 SF improvements; year built 2021
