1259 S Orange Dr - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$1,100,000 USD
818-331-3621
1259 S Orange Dr, Los Angeles, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1259 S Orange Dr
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • LAR2-zoned parcel with potential for multifamily development or ADUs (buyer to verify).
  • Prime Mid-Wilshire/Wilshire Vista location near Miracle Mile, Hancock Park, and Beverly Grove.
  • Minutes from major employment centers, retail, and cultural destinations.
  • Close to transportation routes and public transit for seamless connectivity.
  • Includes a detached three-car garage offering additional utility or future value-add options.
  • One tenant-occupied unit and one unit to be delivered vacant, allowing flexible investment strategies.

OVERVIEW

Prime Mid-Wilshire/Wilshire Vista Development Opportunity! Located in one of Los Angeles' most desirable neighborhoods, this LAR2-zoned property offers exceptional investment and redevelopment potential. Existing zoning may accommodate multifamily development, ADUs, or future redevelopment opportunities (buyer to verify with the City of Los Angeles). LAR2 zoning may provide greater flexibility than SB 9, with potential opportunities for Density Bonus or other incentive programs, if applicable. Ideally situated in the sought-after Wilshire Vista/Mid-Wilshire neighborhood, adjacent to Miracle Mile and just minutes from Larchmont Village, Hancock Park, Beverly Grove, West Hollywood, and Koreatown. Enjoy convenient access to premier dining, shopping, entertainment, and major employment centers. Property is subject to the City of Los Angeles REAP Program. One unit is tenant-occupied and will transfer subject to the existing tenancy. The owner-occupied unit will be delivered vacant at the close of escrow. CASH OFFERS ONLY ! Buyer to independently verify zoning, development potential, allowable uses, REAP status, tenancy, and any applicable incentive programs with the City of Los Angeles.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,437 SF

ZONING

-

APN/PARCEL ID

5084-029-012

ASK ABOUT THIS PROPERTY

Anna AmbarianAKG | Christie's International Real EstateMore Info
818-331-3621

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

Anna AmbarianAKG | Christie's International Real EstateMore Info
818-331-3621

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