537 N Orange Drive, Los Angeles, CA 90036
Local realty services provided by:ERA Excel Realty



537 N Orange Drive,Los Angeles, CA 90036
$4,995,000
- 10 Beds
- 10 Baths
- 7,630 sq. ft.
- Multi-family
- Active
Listed by:david miller
Office:miller & desatnik realty co.
MLS#:25540681
Source:CRMLS
Price summary
- Price:$4,995,000
- Price per sq. ft.:$654.65
About this home
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.
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Home facts
- Year built:1927
- Listing Id #:25540681
- Added:91 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Living area:7,630 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1927
- Building area:7,630 sq. ft.
- Lot area:0.34 Acres
Finances and disclosures
- Price:$4,995,000
- Price per sq. ft.:$654.65
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