
537 N Orange Dr Los Angeles, CA 90036
Hancock Park NeighborhoodEstimated payment $32,158/month
Highlights
- Cottage
- Heating Available
- 1-Story Property
- 4 Car Garage
About This Home
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
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 100x148
Parking
- 4 Car Garage
- Driveway
Home Design
- Cottage
Interior Spaces
- 7,630 Sq Ft Home
- 1-Story Property
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Heating Available
Community Details
- 7 Buildings
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 5525-019-002
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/24/2025 06/24/25 | Price Changed | $4,995,000 | -7.4% | $655 / Sq Ft |
05/19/2025 05/19/25 | For Sale | $5,395,000 | +24.0% | $707 / Sq Ft |
04/16/2018 04/16/18 | Sold | $4,350,000 | 0.0% | $710 / Sq Ft |
01/21/2018 01/21/18 | Pending | -- | -- | -- |
01/16/2018 01/16/18 | For Sale | $4,350,000 | -- | $710 / Sq Ft |
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Source: The MLS
MLS Number: 25540681

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