Skip to content
Property 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.

Features
: Wall Furnace
: None
Appliances
: Refrigerator
Address Map
617 N Orange Drive, Los Angeles, California 90036
US
CA
Los Angeles
Los Angeles
90036
Yes
Orange
617
Drive
W119° 39' 29''
N34° 4' 57''
North of Beverly, South of Melrose, between La Brea & Highland
C18 - Hancock Park-Wilshire
N
LARD1.5
Additional Information
https://drive.google.com/drive/folders/1iYcahOVeVpWkFJ3RO50HewHKqYDhapn0?usp=drive_link
2
2026-03-09
20
: Multi/Split
15000
Listing Information
Errol Spiro
CLW-L09938
CLW-L02710
Miller & Desatnik Realty Co.
CLW-C133782
CLW-L02710
Active
2026-03-17T07:19:10Z
CRMLS
: Standard
2026-03-09T00:00:00Z

Residential Income For Sale

617 N Orange Drive, Los Angeles, California 90036

20 Bedrooms
20 Bathrooms
15,000 Sqft
$5,250,000
Listing ID #26653757
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 26653757
Price : $5,250,000
Bedrooms : 20
Bathrooms : 20
Square Footage : 15,000 Sqft
Year Built : 1964
Lot Area : 0.31 Acre
Office Name : Miller & Desatnik Realty Co.
Agent Name : David Miller
Listing Status : Active
Agent info
All View Realty
Contact Agent
2551569_AVR_Logo_Revamp_7_031025