CA > Los Angeles
Los Angeles, CA 90036,537 N Orange DR
Los Angeles, CA 90036,537 N Orange DR
Los Angeles, CA 90036,537 N Orange DR
Los Angeles, CA 90036,537 N Orange DR
Los Angeles, CA 90036,537 N Orange DR
Los Angeles, CA 90036,537 N Orange DR
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Gabriel Volodarsky

Gabriel Volodarsky

+1(310) 363-3909
$ 5,395,000
Est. payment | /mo

10 Beds

10 Baths

7,630 SqFt

Save
$ 5,395,000
Est. payment | /mo
Save

10 Beds

10 Baths

7,630 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,630 sqft

Price per Sqft $707

MLS Listing ID 25540681

Bedrooms 10

HOA Y/N No

Year Built 1927

Lot Size 0.341 Acres

Property Description

Nestled on a picturesque tree-lined street just south of Melrose and west of Highland, The Orange Drive Residences is a rare and coveted offering in the heart of historic Hancock Park. This exceptional property features 10 individually renovated units across seven charming bungalow-style structures, all arranged around a serene and beautifully manicured central courtyard on a generous 14,850 SF lot. Built in 1927 and thoughtfully reimagined in the early 2000s, each residence effortlessly blends classic architecture with modern comforts. These spacious 1-bedroom, 1-bathroom cottages offer the privacy and ambiance of a single-family home, with vaulted ceilings and versatile loft-style bonus spaces perfect for a second bedroom, creative studio, or office. Highlights of renovations include:Designer-updated kitchens and bathrooms, Stylish hardwood flooring and finishes, In-unit washer/dryers and airconditioning, Lush landscaping and private entrancesImportantly, the property is exempt from LA City rent control and AB 1482, positioning it as a rare investmentopportunity with strong in-place income and room for rent growth. Additionally, two existing garages present a value-add opportunity with ADU conversion potential, further enhancing revenue.The Orange Drive Residences is more than an income propertyit's a trophy asset that offers both timeless character and modern appeal in one of LA's most enduringly desirable neighborhoods. This property would be a a true generational asset, and a jewel in any sophisticated commercial real estate investor's portfolio.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LARD1.5

Interior

Heating Electric

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

Total Parking Spaces 4

Building

Story 1

Entry Level One

Architectural Style Cottage

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5525019002

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by David Miller • Miller & Desatnik Realty Co.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 363-3909

therealtorgabriel@gmail.com

131 S Bushnell Ave, , Alhambra, California, 91801, USA

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537 N Orange DR