Los Angeles, CA 90036,537 N Orange Drive
Los Angeles, CA 90036,537 N Orange Drive
Los Angeles, CA 90036,537 N Orange Drive
Los Angeles, CA 90036,537 N Orange Drive
Los Angeles, CA 90036,537 N Orange Drive
Los Angeles, CA 90036,537 N Orange Drive
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$ 5,395,000
Est. payment | /mo

7,630 SqFt


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

7,630 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,630 sqft

Price per Sqft $707

MLS Listing ID CL25540681

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 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

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Electric

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

New Construction No

Others

Tax ID 5525019002

Bridge MLS
Listed by David Miller • Miller & Desatnik Realty Co.
agent-avatar

+1(925) 808-9139

justinkenney96@gmail.com

9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States

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537 N Orange Drive