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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 Type(s):
Residential Income
| Last Updated | 5/19/2025 | Year Built | 1927 |
|---|---|---|---|
| Community | Hancock Park-Wilshire | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
|---|---|
| AREA | Hancock Park-Wilshire |
| GARAGE | Driveway, Garage, Yes |
| HEAT | Electric |
| LOT | 0.34 acre(s) |
| LOT DIMENSIONS | 100x148 |
| PARKING | Driveway,Garage |
| STORIES | 1 |
| STYLE | Cottage |
| ZONING | LARD1.5 |
Location
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Listed with Miller & Desatnik Realty Co.
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