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Image 1 - 2645 South Orange Drive, Los Angeles, CA 90016, USA - House for sale
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Image 4 - 2645 South Orange Drive, Los Angeles, CA 90016, USA - House for sale
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Image 9 - 2645 South Orange Drive, Los Angeles, CA 90016, USA - House for sale
Home For Sale In Los Angeles, California
2645 South Orange Drive, Los Angeles, CA 90016, USA

Home For Sale In Los Angeles, California

house for sale
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Listed: 05/19/24

2645 South Orange Drive, Los Angeles, CA 90016, USA

9 Bed:
5 Bath:
3,764 Sq Ft Living Area:
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Price
$ 1,63M

About This House

Just listed for Sale in West Adams! Become the proud owner of four spacious units. Imagine the potential! Occupy one unit and earn rental income from the remaining three - a savvy approach to optimizing your investment. The property offers the potential for increased rental revenue. Recently, three of the four units have been renovated, with one left vacant in immaculate condition. The unit mix is appealing, featuring one (3-bedroom, 2-bath) and three (2-bedroom, 1-bath) units. Ample onsite parking is provided. You may also consider transforming the parking spaces beneath the building into ADUs (Accessory Dwelling Units), which are becoming increasingly popular, particularly in areas like Mid City/West Adams. This property is also located in an Opportunity Zone - a prime investment opportunity not to be missed! One unit is vacant, which can benefit potential FHA buyers; investors can lease up the unit to market rents as well!

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Village Green Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.