About 1301 N Orange Dr
Remarks : Duplex with Three units 1922 Courtyard Cottages with much charm and character, ideal for owner occupant to live in a great area. Near WeHo, minutes from Larchmont and Hollywood, and have significant rental income. Third unit is above the Garage , with patio and yard. VERY VERY CHARMING WITH MUCH CHARACTER! All units are Tenant occupied. Front house 1301 to 1303 . Built in 1922, this property contains a great unit mix of two (2) 2-bedroom / one-bathroom units and (1)unit 709 one- bedroom unit one bth. Inside with accepted offer only. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer PLEASE DO NOT DISTURB OCCUPANTS. All offers subject to interior inspection. Zoned LAR3*. PRIME...PRIME...PRIME...FUTURE DEVELOPMENT OPPORTUNITY. Attention Builders and Developers. Significant Development potential: Exchange Buyers welcomed. . Buyer is advised to independently verify the accuracy of all information through personal inspection with appropriate professionals. Listing Agent doesn't guarantee the accuracy of square footage, bed/bath count, permit info, descriptions herein or other info regarding the conditions and features of the property.
Features of 1301 N Orange Dr
| MLS® # | 24-385137 |
|---|---|
| Price | $1,395,000 |
| Units | 3 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 2,623 |
| Acres | 0.13 |
| Year Built | 1922 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Style | California Bungalow |
| Status | Active |
Community Information
| Address | 1301 N Orange Dr |
|---|---|
| Area | Hollywood |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90028 |
Amenities
| Parking Spaces | 3 |
|---|---|
| # of Garages | 3 |
| Garages | Garage |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Oven, Gas |
|---|---|
| Heating | Central |
| Cooling | Wall/Window |
| Fireplace | Yes |
| Fireplaces | Living Room, Bath, Kitchen, Master Bedroom |
| Has Basement | No |
Exterior
| Exterior | Hard Coat Stucco |
|---|---|
| Lot Description | Fenced Yard |
| Roof | Composition |
| Construction | Hard Coat Stucco |
| Foundation | Combination Foundation |
Additional Information
| Date Listed | April 27th, 2024 |
|---|---|
| Days on Market | 17 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 3.65 |
| Actual Annual Gross Rent | $81,864 |
| Gross Operating Income | $8,186,400 |
| Net Operating Income | $79,408 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,454 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,496 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,872 |
Listing Details
| Agent | Richard M Chernock (01369553) |
|---|---|
| Office | KW Advisors |