537 N Orange Drive
Los Angeles, CA, 90036
$4,995,000
Beds
0 Baths
SqFt
0.34 Acres
Add
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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
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
Listed Date:
May 19, 2025
Lot Size:
14,854 sqft / 0.34 acres (approx)
Year Built:
1927
CottageC18hancockparkwilshire

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Schools

Interior

Appliances
Dishwasher, Refrigerator
Heating
Electric
Laundry Features
Washer Included, Dryer Included

Exterior

Architectural Style
Cottage
Parking Features
Driveway, Garage
Parking Spots
4.00

Financial

Map

Community

Market Summary

Current real estate data for Residential Income in Los Angeles as of Oct 21, 2025
1,651
Residential Income Listed
210
Avg DOM
$1,943,550
Avg List Price

Property Summary

    537 N Orange Drive Los Angeles CA is a Residential Income for sale in Los Angeles, CA, 90036. It is listed for $4,995,000

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