$4,725,000
Est. payment /mo
7,630 SqFt
Active
537 N Orange Drive Los Angeles, CA 90036
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,630 sqft
Price per Sqft $619
MLS Listing ID CL26650283
HOA Y/N No
Year Built 1927
Lot Size 0.341 Acres
Acres 0.34
Property Sub-Type Other
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 air conditioning, Lush landscaping and private entrances Importantly, the property is exempt from LA City rent control and AB 1482, positioning it as a rare investment opportunity 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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5525019002
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Listed by David Miller • Miller & Desatnik Realty Co.
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