617 N Orange Drive, Los Angeles, CA 90036

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
617 N Orange Drive,Los Angeles, CA 90036
$5,250,000
  • 20 Beds
  • 20 Baths
  • 15,000 sq. ft.
  • Multi-family
  • Active
Listed by: david miller, errol spiro
Office: miller & desatnik realty co.
MLS#:26653757
Source:CRMLS

Price summary

  • Price:$5,250,000
  • Price per sq. ft.:$350

About this home

20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.

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Home facts

  • Year built:1964
  • Listing ID #:26653757
  • Added:1 day(s) ago
  • Updated:March 09, 2026 at 11:31 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:20
  • Kitchen Description:Refrigerator
  • Living area:15,000 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1964
  • Building area:15,000 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$5,250,000
  • Price per sq. ft.:$350
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