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… Read More 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 than an income property it'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. Read Less
Property listed by Miller & Desatnik Realty Co., David Miller 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
10
Square Ft.
7,630
Lot Size
0.34 Acres
Year Built
1927
MLS Number
26650283
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1927, Living area: 7630.0, 10 buildings, 1 storey, Levels: One
Heating
WallFurnace
Income
Gross Income: $359,184, Net Operating Income: $233,408
Lot
0.3409 acres, Dimensions: 100x148
Parking
None
Taxes
Parcel Number: 5525019002, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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