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.
Property Details
Price:
$4,995,000
MLS #:
25540681
Status:
Active
Baths:
0
Address:
537 N Orange Drive
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
May 19, 2025
State:
CA
ZIP:
90036
Lot Size:
14,854 sqft / 0.34 acres (approx)
Year Built:
1927
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Heating
Electric
Exterior
Garage Spaces
4.00
Parking Features
Driveway, Garage
Parking Spots
4.00
Stories Total
1
Financial
Map
Community
- Address537 N Orange Drive Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90036
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537 N Orange Drive
Los Angeles, CA
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