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1237 Orange Drive

Los Angeles, CA 90038

$1,150,000 Sale Price
Est. Payment: $ 0/mo
4
Bed
0
Bath
2,148 Sq. Ft.
$512 / Sq. Ft.
Sold

1237 Orange Drive

Los Angeles, CA 90038

Sold
$1,150,000 Sale Price
$0/mo
4
Bed
0
Bath
2,148
Sq. Ft.
Sold before processing. Entered on the MLS for Comp Purposes only. Attention Developers! Opportunity in the heart of Hollywood with plenty of potential. The 7,210 square foot lot is zoned RD1.5-1XL which gives developers an opportunity to either take advantage of the Transit Oriented Community (TOC) Tier 2 incentives or Executive Directive 1 (ED1) incentives. Taking advantage of TOC Tier 2 would allow a developer to build up to 5 units plus 1 ADU. ED1 would allow a developer to build between 20-30 affordable housing units with an expedited approval process. The property is completely paid off, vacant (no tenant relocation required), and no easements or encroachment per the Preliminary Title Report. Nestled just south of Fountain Ave in between Sunset Blvd. and Santa Monica Blvd., allows for convenient access to major freeway and public transportation options. This site is in a prime location for commuting, shopping, entertainment, and dining, which should assure a consistent demand for real estate for years to come. Don't miss your chance to purchase a prime development opportunity with so much potential! Land is vacant and ready to build.
PROPERTY INFORMATION
MLS # 23336087 Lot Size 7,212 Sq. Ft.
HOA Fees $0/Monthly Property Type N/A
Price $ 1,100,000
Price Per SqFt: $ 512
DOM 491 Days
Address 1237 Orange Drive Type Residential Income
City Los Angeles Sq.Ft. 2,148 Sq. Ft.
Postal Code 90038 Garage N/A
County Los Angeles Year Built 1957
Bed / Bath 4 / 0 Parking N/A
Built In 1957 Status Closed
Sold Date 2023-12-27
INTERIOR FEATURES
Has Laundry Yes
Laundry Information None
Has Fireplace No
Fireplace Information None
Has Appliances No
Kitchen Appliances None
Has Heating No
Heating Information None
Has Cooling No
Cooling Information None
EntryLocation Main Level
Has Spa No
SpaDescription None
SecuritySafety Gated Community
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
  Walk Score: 94 (Walker's Paradise)
  Transit Score: 64 (Good Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,173
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
12/29/2023 Sold $1,100,000
12/27/2023 Sold $1,150,000
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Listing provided courtesy of Andrew Rhoda, Carolwood Estates. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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