914 Orme Avenue
Los Angeles, CA 90023
- – beds
- – baths
- – sqft
- 11,749 sqft lot
- 1924 build
- – on site
914 Orme Ave is a 10-unit residential income community in Boyle Heights, Los Angeles with a total of 9 separate structures measuring 5,090 sf of living space on a 11,749 sf lot. Comprised of 8 individual Spanish Style Bungalows + 1 Duplex and a central courtyard, this mini compound may offer significant returns. Each unit has 1 bed 1 bath, its own laundry room, individual electric & gas meters and some DTLA views. Two units will be delivered VACANT. At $120,000 per unit, the offering provides savvy investors a unique opportunity to purchase a premium asset with strong (+/-72%) projected upside in market rents and value-add potential. In one of the strongest rental markets in LA, this property enjoys close proximity to the Financial District, Sixth St Bridge, the Arts District, USC Keck Hospital, Union Station, DTLA, LA Convention Center, Dodger Stadium and convenient access to the 5, 10, 60, 101 and 710 fwys. Exciting projects, such as the 6th St Viaduct PARC (Parks, Arts, River and Connectivity Improvements) is underway. A projected 12-acre park will span below the 6th St Bridge connecting Boyle Heights with the Arts District and the LA River. The new space will create dog parks, a skate park, a performing arts plaza, soccer fields, a playground, and open green space. First time on the market in 55+ years, this is your chance to take the property to the next level. Sold as-is.
Last checked:
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Last updated Jun 10, 2024
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MLS# WS24101288 —
The Building
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Year Built:1924
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:5090.00
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Building Area Units:Square Feet
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# of Buildings:9
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Total Number Of Units:10
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Stories Total:1
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# of Separate Gas Meters:10
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# of Separate Water Meters:1
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# of Separate Electric Meters:10
Interior
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Levels:One
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Entry Location:1
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Laundry:Individual Room
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Laundry:1
Location
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Directions:off whittier blvd x Soto
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LAR2
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Lot Features:Level with Street, Yard
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Lot Size Area:11749.0000
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Lot Size Acres:0.2697
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Lot Size SqFt:11749.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2047.00
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Tax Tract:2047
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Tax Lot:74
The Listing
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Buyer's Brokerage Compensation:2.500%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2.50
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Parcel Number:5189011038
Utilities
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Sewer:Public Sewer
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Water Source:Private
The Community
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Senior Community:No
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Features:Sidewalks, Urban
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Pool:None
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Private Pool:No
Parking
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Parking:No
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Parking:Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/10/24
Jun 10, 2024
|
Pending | CRMLS_CA | $1,198,000 | |
5/23/24
May 23, 2024
|
Listed / Active | CRMLS_CA | $1,198,000 |