$1,399,000
2924 S Orange, Los Angeles CA 90016
Multi-Family (2 Units)
Property type
154 days
On market
$924
Price per sqft
0 cars
Garage
1970
Year built
7,200 sqft
Lot size
Open Houses
Overview
This offering presents a rare opportunity to acquire two strategically located adjacent parcels in Los Angeles, ideal for streamlined residential development under highly favorable conditions. Key Investment Highlights: ED 1 Designated Properties: 2929 S. Mansfield holds “Eligible Site” status and 2924 S. Orange Dr. holds “Review Eligibility” status
Listing provided by: Justin White DRE #01267826, Justin White
Listing updated: Jan 14, 2026 at 04:08pm.
Last checked: Jun 13, 2026 at 03:30pm
Source: CRMLS #PW26007364
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $0 | $0 | $1,800 | Unfurnished |
| 1 | 2 | 1 | — | $1,100 | $1,100 | $1,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
106.0x
List Price / Annual Gross Rent
Cap Rate
0.66%
NOI / List Price
Gross Scheduled Income: $13,200
Operating Expense: $3,060
Net Operating Income: $9,240
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
New Taxes: $17,500
Trash: $0
Water / Sewer: $0
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Two To Five Units Acre, Street Level
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5049032047
Additional Parcels: No
Tax Lot: 178
Tax Block: 26
Community
Senior Community: No
Community Features: Curbs, Sidewalks