537 N Orange Drive, Los Angeles, CA 90036 (MLS # 26650283)
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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 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/12/2026 |
|---|---|---|---|
| YEAR BUILT | 1927 | COMMUNITY | C18 - Hancock Park-Wilshire |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Refrigerator |
|---|---|
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Wall Furnace |
| LOT | 0.3409 acre(s) |
| LOT DIMENSIONS | 100x148 |
| PARKING | None |
| STORIES | 1 |
TOTAL MONTHLY PAYMENT
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