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Investment Highlights

  • Steps from newly operational D-Line Station
  • Significant Rental Upside
  • 1920's Character & Renovations in Prime submarket

Executive Summary

Jake Plewa of Remax Commercial is pleased to present 1032 S Orange Drive in one of Los Angeles' most coveted central locations. This meticulously restored 1920s Tudor-style 4 unit 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 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 with room for ADU's. 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 as rents normalize to market.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,150,000
Price Per Unit $537,500
Sale Type Investment
Cap Rate 4.67%
Gross Rent Multiplier 14.8
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.15 AC
Building Size 5,136 SF
Average Occupancy 100%
No. Stories 2
Year Built 1928
Parking Ratio 0.75/1,000 SF
Zoning LARD1.5

Amenities

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - 1,200 - 1,250
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5084-011-026
Land Assessment
$1,234,542
Improvements Assessment
$529,088
Total Assessment
$1,763,630
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 41074901

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 1032 S Orange Dr, Los Angeles, CA 90019

Contact the Sale Advisor

Fully Renovated 1920's Tudor Style 4-unit | 1032 S Orange Dr

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