Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

5,136 sqft

Lot size

6,564 sqft

Year built

1928

Stories

2

Heating

Central

Status

Active

Days on market

8

MLS #

244218707

About this property

Step into one of Los Angeles' most coveted central locations. This meticulously restored 1920s Tudor-style multifamily at 1032 S. Orange Drive offers rare charm, modern amenities, and compelling income fundamentals in the heart of Miracle Mile. Four spacious 2-bedroom, 1-bath units (1,250 SF each) feature thoughtful, high-quality renovations: granite and quartz countertops, custom cabinetry, premium stainless steel appliances, new flooring, updated plumbing and electrical, in-unit washer/dryers, and upgraded windows throughout. The building's iconic architectural character pitched roof, Tudor detailing, mature landscaping remains fully preserved on a 6,564 SF LARD1.5-zoned lot. Positioned steps from Wilshire Boulevard's cultural corridor (LACMA, Academy Museum, Petersen Automotive Museum) and vibrant street-level dining and retail, the property benefits from a Walk Score of 85 (Very Walkable) and sits within the catchment of the newly operational Wilshire/La Brea Metro D Line station, offering direct rail service to Westwood, Downtown, and beyond. Located minutes to Beverly Hills, Hollywood, and the 10 Freeway via major arterials, this rare offering represents a compelling opportunity to acquire a character-rich multifamily asset in one of Los Angeles' most sought-after central locations with immediate turnkey income and significant upside potential through ADU construction and as rents normalize to market.

Location

1032 S Orange Drive

Los Angeles, Los Angeles, CA, 90019