$5,250,000

617 N Orange Drive, Los Angeles, CA 90036

15,000 sqft

other
Built in 1964
0.31acre lot
—— car garage
$350/sqft
Listed 2 months ago

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.

Listing Status:: Active
Date Added:: March 9, 2026
Data Last Updated:: May 20, 2026 at 12:09PM
Listing Office:: Miller & Desatnik Realty Co. : 310-202-9166
Listing Agent:: David Miller : 323-948-7507
MLS ID:: CL26653757

Heating: Wall Furnace

Parking: None

County: Los Angeles

Zoning: LARD5525018024

This listing courtesy of David Miller , Miller & Desatnik Realty Co.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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