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1905 S Orange Dr

Los Angeles, CA 90016
  • $2,100,000
  • STATUS: Active
  • ON SITE: 58 days
  • MLS #: 21-736274
UPDATED: 16 min ago
$2,100,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

1905 S Orange Dr is a 8,776 square foot development owner-user, investment, or development opportunity located on the corner of W Washington Blvd in a prime Mid-City Location situated just off the I-10. The property currently consists of a occupied single family residence, an auto repair facility on a month-to-month lease, and a small billboard. There is an in-place income of $8,000 per month. Ideal for an owner-user to occupy either the single family residence or the auto repair building and collect income from the other. This development lot is zoned C2-1VL-CPIO in a Tier 2 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site has alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress. Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile shopping district.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T22:42:50.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/117563683
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1905 S Orange Dr Los Angeles, CA 90016

  • Price: $2,100,000
  • Status: Active
  • Updated: 16 min ago
  • MLS #: 21-736274
0
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
1905 S Orange Dr is a 8,776 square foot development owner-user, investment, or development opportunity located on the corner of W Washington Blvd in a prime Mid-City Location situated just off the I-10. The property currently consists of a occupied single family residence, an auto repair facility on a month-to-month lease, and a small billboard. There is an in-place income of $8,000 per month. Ideal for an owner-user to occupy either the single family residence or the auto repair building and collect income from the other. This development lot is zoned C2-1VL-CPIO in a Tier 2 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site has alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress. Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile shopping district.
Exterior Features

Lot Description 2-4 Lots Lot Size Area 8777 View Description City View YN Yes

Property Features

Cable YN Yes Potential Usage Multifamily Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning C2-1Vl-Cpio Tier 2 Toc

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T22:42:50.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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