ResidentialIncome
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617 N Orange Drive, Los Angeles, CA 90036
617 N Orange Drive
Overview
Property ID: HZ26653757
- 20
- 20
- 15000
- 1964
Description
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.
Address
Open on Google Maps- Address Orange
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90036
Details
Updated on March 17, 2026 at 10:06 am- Property ID: HZ26653757
- Price: $5,250,000
- Property Size: 15000 Sq Ft
- Bedrooms: 20
- Bathrooms: 20
- Year Built: 1964
- Property Status: ResidentialIncome
- Listed by: David Miller
- DRE #: 02105346
- Contact Mail: davemiller@mdrealtycorp.com
- Brokered by: Miller & Desatnik Realty Co.
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