1006 S Orange Drive, Los Angeles, CA 90019
Local realty services provided by:ERA North Orange County Real Estate



1006 S Orange Drive,Los Angeles, CA 90019
$3,695,000
- 4 Beds
- 16 Baths
- 10,544 sq. ft.
- Multi-family
- Active
Listed by:nick astrupgaard
Office:kw commercial studio city
MLS#:25513845
Source:CRMLS
Price summary
- Price:$3,695,000
- Price per sq. ft.:$350.44
About this home
1006 South Orange Drive is a 16-unit apartment community and the highly sought-after Miracle Mile sub-market. This 16-unit Miracle Mile apartment community is centrally right off Olympic Blvd., a short distance from Wilshire Blvd., The Grove, and other popular destinations. Miracle Mile multifamily investments have historically provided investors exceptional long-term capital appreciation and wealth preservation. 1006 South Orange Drive, built in 1928, features four (4) 1- Bedroom/1-Bathroom units, two (2) Junior 1-Bedroom/1-Bathroom units, and ten (10) Studio Apartments. Investors and renters will be drawn to the attractive 1920s brick property with twin-pitched roofs, original windows, and manicured landscaping. Property amenities include an on-site laundry room, private seating area/porch on the second floor, and an inviting backyard--great for outdoor dining or dog walks. The apartment homes are individually metered for electricity and master-metered for gas and water. Current ownership has also implemented a Utility Pass-Through Program (RUBs System), keeping the owner's expenses low by passing along shared expenses to the tenants. The asset is close to world-class dining, shopping, entertainment, and nightlife in Los Angeles. It further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. There is a substantial rental upside based on the current market vs. existing rents, thus representing a significant long-term investment opportunity in an exceptional Miracle Mile location.
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Home facts
- Year built:1928
- Listing Id #:25513845
- Added:137 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:16
- Living area:10,544 sq. ft.
Structure and exterior
- Year built:1928
- Building area:10,544 sq. ft.
- Lot area:0.24 Acres
Finances and disclosures
- Price:$3,695,000
- Price per sq. ft.:$350.44
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