Step into one of Los Angeles' most coveted central locations. This meticulously restored 1920s Tudor-style multifamily at 1032 S. Orange Drive 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… Read More 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. 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 through ADU construction and as rents normalize to market. Read Less
Property listed by REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa 310-802-2500
Listing Snapshot
Days Online
30
Last Updated
Beds
8
3/4 Baths
4
Square Ft.
5,136
Lot Size
0.15 Acres
Year Built
1928
MLS Number
26852715
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1928, Living area: 5136.0, 1 building, 2 stories, Levels: MultiSplit
Heating
Central
Income
Gross Income: $144,360, Net Operating Income: $100,479
Interior Features
CeilingFans
Lot
0.1507 acres
Parking
8 total parking spaces, Assigned
Taxes
Parcel Number: 5084011026, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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