1006 S Orange Drive, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties

1006 S Orange Drive, Los Angeles, CA 90019

$3,695,000 Approx. USD 4 beds, 16 baths
10,544 sqft

Listing Agent


Nick Astrupgaard | nastrupgaard@kw.com
Lic#: 01893466
Broker: Courtesy of KW Commercial Studio City

Co Listing Agent


Rich Johns | richjohns@kw.com
Lic#: 01432215
Broker: Courtesy of KW Commercial Studio City

Agent Remarks

1006 South Orange Drive is a 16-unit apartment community and the highly sought-after Miracle Mile sub-market. This 16-unit Miracle Mile apartment community is centrally right off Olympic Blvd., a short distance from Wilshire Blvd., The Grove, and other popular destinations. Miracle Mile multifamily investments have historically provided investors exceptional long-term capital appreciation and wealth preservation. 1006 South Orange Drive, built in 1928, features four (4) 1- Bedroom/1-Bathroom units, two (2) Junior 1-Bedroom/1-Bathroom units, and ten (10) Studio Apartments. Investors and renters will be drawn to the attractive 1920s brick property with twin-pitched roofs, original windows, and manicured landscaping. Property amenities include an on-site laundry room, private seating area/porch on the second floor, and an inviting backyard--great for outdoor dining or dog walks. The apartment homes are individually metered for electricity and master-metered for gas and water. Current ownership has also implemented a Utility Pass-Through Program (RUBs System), keeping the owner's expenses low by passing along shared expenses to the tenants. The asset is close to world-class dining, shopping, entertainment, and nightlife in Los Angeles. It further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. There is a substantial rental upside based on the current market vs. existing rents, thus representing a significant long-term investment opportunity in an exceptional Miracle Mile location.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25513845
Price: $3,695,000
Beds: 4
Baths: 16
Built in 1928
10,544 sqft
2 stories
0.24 acres
Lot size: 0.2371
County: Los Angeles
Zoning: LAR3
Parking description: On Street
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 4/3/2025

 Days On Market (DOM): 101

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.056769, -118.343247.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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