$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 24 days 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:: April 2, 2026 at 6:06AM
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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Location

Schools Nearby

Melrose Avenue Elementary School

731 N Detroit St, Los Angeles, CA, 90046

Grades KG-5

0.23 miles away

Bancroft Middle School

929 N Las Palmas Ave, Los Angeles, CA, 90038

Grades 6-8

0.49 miles away

Whitman Continuation

7795 Rosewood Ave, Los Angeles, CA, 90036

Grades 9-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.