$4,725,000

537 N Orange Drive, Los Angeles, CA 90036

  • 10 beds |
  • 10 baths |
  • 7,630 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $619/sqft
  • Property List Date Icon Listed 4 days ago

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 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.

Listing Status:
Active
Date Added:
February 12, 2026
Data Last Updated:
February 16, 2026 at 8:18PM
Listing Office:
Miller & Desatnik Realty Co. : 310-202-9166
Listing Agent:
David Miller : 323-948-7507
MLS ID:
26650283
  • Appliances: DishwasherRefrigerator
  • Heating: Wall Furnace
  • Parking: Parking spaces: 0
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LARD1.55525019002
  • Source: CRMLS_CL

This listing courtesy of David Miller , Miller & Desatnik Realty Co.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Melrose Avenue Elementary School

731 N Detroit St, Los Angeles, CA, 90046

Grades KG-5

0.29 miles away

B

Bancroft Middle School

929 N Las Palmas Ave, Los Angeles, CA, 90038

Grades 6-8

0.54 miles away

W

Whitman Continuation

7795 Rosewood Ave, Los Angeles, CA, 90036

Grades 9-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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