617 N Orange Drive
Los Angeles, CA 90036
20
Bed
0
Bath
15,000Sqft
13,377Sqft(Lot)
20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 20Bathroom Information
Total Baths: 20 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1964 Building Area Total: 15,000
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3071 -
Lot Size Source: Assessor Lot Size Square Feet: 13377
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Listing Price Information
Original List Price: 5,250,000 Listing Contract Date: 2026-03-09 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5525018024
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Directions: North of Beverly, South of Melrose, between La Brea & Highland Zoning: LARD1.5 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire -
Building and Construction
Property Age: 62 Year Built Source: Assessor Total Square Feet Living: 15000 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 520 N Citrus, Los Angeles, CA, 90036 | $1,915,000 | 3 | 2 | 1,519 | 1,519 SqFt |
| 516 N Mansfield Avenue, Los Angeles, CA, 90036 | $1,999,000 | 3 | 3 | 2,038 | 2,038 SqFt |
| 537 N Orange Drive, Los Angeles, CA, 90036 | $4,725,000 | 10 | -- | 7,630 | 7,630 SqFt |
| 619 N Sycamore Avenue, Los Angeles, CA, 90036 | $874,000 | 2 | 2 | 1,093 | 1,093 SqFt |
| 457 N Orange Drive, Los Angeles, CA, 90036 | $2,300,000 | 6 | -- | 4,297 | 4,297 SqFt |
| 367 N Orange Drive, Los Angeles, CA, 90036 | $2,195,000 | 6 | -- | 4,662 | 4,662 SqFt |
| 637 N Detroit Street, Los Angeles, CA, 90036 | $1,650,000 | 3 | 2 | 1,614 | 1,614 SqFt |
| 615 S Highland Avenue, Los Angeles, CA, 90036 | $3,199,000 | 4 | 5 | 3,331 | 3,331 SqFt |
| 100 N Sycamore Avenue, Los Angeles, CA, 90036 | $5,450,000 | 17 | -- | 16,588 | 16,588 SqFt |
| 348 S Orange Drive, Los Angeles, CA, 90036 | $2,695,000 | 4 | 4 | 2,934 | 2,934 SqFt |
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ByOwner last updated this listing 06/12/2026 @ 19:04
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