Log In/Sign Up
Your email has been sent.
Fully Renovated 1920's Tudor Style 4-unit 1032 S Orange Dr 4 Unit Apartment Building $2,150,000 ($537,500/Unit) 4.67% Cap Rate Los Angeles, CA 90019



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 | Apartment Style | Mid-Rise |
| Price Per Unit | $537,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.67% | Building Size | 5,136 SF |
| Gross Rent Multiplier | 14.8 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Zoning | LARD1.5 | ||
| 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 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5084-011-026 | Total Assessment | $1,763,630 |
| Land Assessment | $1,234,542 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $529,088 | Tax Year | 2025 |
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
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Fully Renovated 1920's Tudor Style 4-unit | 1032 S Orange Dr
