1400 N Orange Dr, Los Angeles, CA 90028

Property Description

Live in one residence while renting out the other for additional monthly income. Beautifully renovated in 2022, this versatile property features a 3-bedroom, 3-bath main residence with an attached 2-bedroom, 1-bath ADU, presenting an exceptional opportunity for both owner-users and investors. The approximately 1,900 sq. ft. main residence offers high ceilings, abundant natural light, generously sized bedrooms, and a spacious, private and secure yard surrounded by mature trees. The primary suite is highlighted by its own private balcony with mountain views, while two additional bedrooms offer ample space and convenient access to separate bathrooms. Currently tenant-occupied on a month-to-month basis at $5,950 per month, the main residence can be delivered vacant, giving a new owner the flexibility to move in or continue generating rental income. The approximately 600 sq. ft. ADU offers a charming 2-bedroom, 1-bath layout and is currently leased for $2,350 per month, providing an immediate additional income stream. The ADU rent is below market value with potential for increase. Together, the two residences currently generate $8,300 per month, or $99,600 annually in gross rental income, creating a compelling opportunity to enjoy the property as a primary residence while offsetting ownership costs with rental income, or maintain both residences as income-producing assets. Additional amenities include a private garage exclusively serving the main residence, driveway parking for two vehicles with one space currently utilized by the ADU as well as ample street parking. The property underwent extensive improvements in 2022, including updated electrical, plumbing, drywall, windows, lighting, driveway, kitchens, bathrooms, and more. A rare opportunity to acquire a substantially renovated, dual-residence property offering exceptional flexibility and income potential. Move into the main residence and benefit from immediate ADU rental income, or take advantage of the property's existing income-producing configuration. A unique offering and a must-see for the area.