617 N Orange Dr, Los Angeles, CA 90036
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617 N Orange Dr, Los Angeles, CA 90036
617 N Orange Dr, Los Angeles, CA 90036
617 N Orange Dr, Los Angeles, CA 90036
617 N Orange Dr, Los Angeles, CA 90036
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Cherrie And Zach

Cherrie And Zach

+1(661) 312-2536
$ 5,250,000
Est. payment /mo
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Active

617 N Orange Dr Los Angeles, CA 90036

20 Beds

20 Baths

15,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $350

MLS Listing ID 26653757

Bedrooms 20

Year Built 1964

Lot Size 0.307 Acres

Acres 0.3071

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features None

Garage Spaces 22.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1iYcahOVeVpWkFJ3RO50HewHKqYDhapn0?usp=drive_link

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Miller & Desatnik Realty Co.

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Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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617 N Orange Dr