1414 S Orange Drive, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1414 S Orange Drive,Los Angeles, CA 90019
$3,550,000
- 17 Beds
- 16 Baths
- 7,456 sq. ft.
- Multi-family
- Active
Listed by: david saghian
Office: lyon stahl investment real estate, inc.
MLS#:26660309
Source:CRMLS
Price summary
- Price:$3,550,000
- Price per sq. ft.:$476.13
About this home
We are pleased to present 1414 S Orange Drive, a brand new 2022 construction 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 ofimprovements across three buildings, this non rent controlled, AB1482 exemptasset 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 is thoughtfully designed with open concept layouts, high ceilings, large kitchen islands or peninsulas, premium stainless steel appliances,sleek white bathrooms with marble finishes, in unit laundry rooms with washers and dryers included, and modern high end fixtures throughout. All five units are fully leased, reflecting strong rental demand in this highly walkable Mid City location with a Walk Score of 85. Offered at $3,550,000, the property presents a real cap rate of 5.6% and a GRM of 13.89, equating to $710,000 per unit and $476 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 with five meters for each, significantly reducing operating expenses and increasing net operatingincome. The building features five tandem garages plus five additional exterior parking spaces, providing ample parking for residents.Located just minutes from trendy restaurants, cafes, retail, and entertainment,1414 S Orange Drive represents an exceptional 1031 exchange opportunity and arare chance to acquire a low maintenance, high yield investment in one of LosAngeles' most desirable rental corridors. Buyer to verify all information.
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Home facts
- Year built:2022
- Listing ID #:26660309
- Added:1 day(s) ago
- Updated:March 05, 2026 at 08:33 PM
Rooms and interior
- Bedrooms:17
- Total bathrooms:16
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Washer
- Living area:7,456 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
Structure and exterior
- Year built:2022
- Building area:7,456 sq. ft.
- Lot area:0.16 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$3,550,000
- Price per sq. ft.:$476.13
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Stacked, Washer
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