Property Details
About this Property
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 tim
MLS Listing Information
MLS #
CRWS24101288
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Water
Private
Contact Information
Listing Agent
MARIBEL BENITEZ
Compass-Pasadena
License #: 01866825
Phone: (626) 497-5620
Co-Listing Agent
Kelly Tran
License #: 01854381
Phone: (626) 379-8447
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
914 Orme Ave is a Residential Income in Los Angeles, CA 90023. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1924. This address can also be written as 914 Orme Ave, Los Angeles, CA 90023.
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This listing information is up-to-date as of August 24, 2024. For the most current information, please contact MARIBEL BENITEZ, (626) 497-5620
