1032 S Orange Dr - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$2,150,000 USD
310-922-6124
1032 S Orange Dr, Los Angeles, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/17
null | 4.67% Cap Rate

1032 S Orange Dr
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Steps from newly operational D-Line Station
  • 1920's Character & Renovations in Prime submarket
  • Significant Rental Upside

OVERVIEW

Jake Plewa of Remax Commercial is pleased to present 1032 S Orange Drive in one of Los Angeles' most coveted central locations. This meticulously restored 1920s Tudor-style 4 unit offers rare charm, modern amenities, and compelling income fundamentals in the heart of Miracle Mile. Four spacious 2-bedroom, 1-bath units (1,250 SF each) feature thoughtful, high-quality renovations: granite and quartz countertops, custom cabinetry, premium stainless steel appliances, new flooring, updated plumbing and electrical, in-unit washer/dryers, and upgraded windows throughout. The building's iconic architectural character—pitched roof, Tudor detailing, mature landscaping—remains fully preserved on a 6,564 SF LARD1.5-zoned lot with room for ADU's. Positioned steps from Wilshire Boulevard's cultural corridor (LACMA, Academy Museum, Petersen Automotive Museum) and vibrant street-level dining and retail, the property benefits from a Walk Score of 85 (Very Walkable) and sits within the catchment of the newly operational Wilshire/La Brea Metro D Line station, offering direct rail service to Westwood, Downtown, and beyond. Located minutes to Beverly Hills, Hollywood, and the 10 Freeway via major arterials, this rare offering represents a compelling opportunity to acquire a character-rich multifamily asset in one of Los Angeles' most sought-after central locations with immediate turnkey income and significant upside potential as rents normalize to market.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

4.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated 1920's Tudor Style 4-unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,503 SF

ZONING

LARD1.5

APN/PARCEL ID

5084-011-026

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.