961 Orme Ave Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated payment $24,129/month
Highlights
- Built in 1919 | Newly Remodeled
- Neighborhood Views
- Central Heating and Cooling System
- All Bedrooms Downstairs
- Laundry Room
- 1-minute walk to Boyle Heights Sports Center and Park
About This Home
Rare Newly Constructed Triplex in Prime Los Angeles Location! Welcome to 961 Orme Ave., Los Angeles, CA, an exceptional income-producing triplex offering a unique opportunity for investors and owner-operators alike. This newly constructed property features two expansive, high-density units plus a modern ADU, designed for maximum rental potential and long-term value. Unit Breakdown:
• Unit 1: 16 bedrooms / 16 bathrooms
• Unit 2: 14 bedrooms / 14 bathrooms
• ADU: 2 bedrooms / 2 bathrooms Each unit is thoughtfully designed with private bathrooms for every bedroom, making this property ideal for co-living, student housing, transitional housing, or multi-tenant rental strategies. New construction means modern systems, low maintenance, and strong appeal to today’s rental market. Located in the heart of Los Angeles with convenient access to major freeways, employment centers, and public transportation, this property offers strong cash-flow potential and a rare unit mix that is increasingly hard to find. An exceptional opportunity to own a turnkey, high-yield asset in one of LA’s most in-demand rental markets.
Listing Agent
Century 21 A Better Service Brokerage Phone: 562-244-8211 License #01182471 Listed on: 01/29/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1919 | Newly Remodeled
Lot Details
- 6,759 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 9,296 Sq Ft Home
- 3-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 32 Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- 32 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 37
- Tax Tract Number 2
- Assessor Parcel Number 5189012024
- $316 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,576 | $596,292 | $408,000 | $188,292 |
| 2024 | $8,576 | $686,663 | $533,100 | $153,563 |
| 2023 | $8,412 | $673,200 | $522,648 | $150,552 |
| 2022 | $1,216 | $75,824 | $43,759 | $32,065 |
| 2021 | $1,198 | $74,338 | $42,901 | $31,437 |
| 2020 | $1,204 | $73,577 | $42,462 | $31,115 |
| 2019 | $1,169 | $72,135 | $41,630 | $30,505 |
| 2018 | $1,052 | $70,721 | $40,814 | $29,907 |
| 2017 | $1,030 | $69,335 | $40,014 | $29,321 |
| 2016 | $913 | $67,977 | $39,230 | $28,747 |
| 2015 | $901 | $66,957 | $38,641 | $28,316 |
| 2014 | $912 | $65,647 | $37,885 | $27,762 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2026 01/29/26 | For Sale | $4,500,000 | +571.6% | $484 / Sq Ft | |
| 05/16/2022 05/16/22 | Sold | $670,000 | +1.5% | $618 / Sq Ft | View Prior Sale |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- | |
| 03/12/2022 03/12/22 | For Sale | $659,999 | +1.7% | $609 / Sq Ft | |
| 03/03/2022 03/03/22 | Pending | -- | -- | -- | |
| 02/25/2022 02/25/22 | For Sale | $649,000 | -- | $599 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | California Best Title Company | |
| Grant Deed | $660,000 | Ticor Title | |
| Deed | -- | Ticor Title | |
| Deed | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Co | |
| Gift Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $2,362,270 | Construction | |
| Previous Owner | $561,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26021245
APN: 5189-012-024
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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