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1006 S Orange Dr
Los Angeles, CA 90019 Miracle Mile

$3,695,000 USD

Apartments For Sale  •  10,544 SF

Property Details

• Property Type Apartments
• Total Building Size 10,544 SF
• Lot Size 0.25 AC
• Building Class C
• Year Built 1928
• Cap Rate 5.70 %
• Zoning R3-1, Los Angeles

63 Transit Score

85 Walk Score

Highlights

Exceptional 16-Unit Multifamily Opportunity in the Highly Sought-After Miracle Mile Sub- Market.

The Property Features Four (4) 1-Bedroom/1-Bathroom Units, Two (2) Junior 1- Bedroom/1-Bathroom Units, and Ten (10) Studio Apartments.

1006 S Orange Drive is Ideally Located in the Miracle Mile, Immediately Off Olympic and a Short Distance to Many Local Destinations.

1006 S Orange Drive Offers Strong Income Metrics, Along with Further Upside.

Amenities Include an On-Site Laundry Room, Attractive Landscaping, and an Inviting Backyard that Helps Attract and Retain Strong Renters.

Located Within Minutes of World-Class Dining, Shopping, and Entertainment Venues.

Property Flyers

16 Units Miracle Mile on Orange Drive_OM

Financial Summary (Actual)

Net Operating Income: $204,320 USD (2024)

Cap Rate:	5.70 %
Total Expenses:	$108,411 USD

Amenities

• Laundry Facilities
• Heating
• Kitchen
• Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	13 min	-	6.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	7.2 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	10.6 mi
Bob Hope	22 min	-	11.7 mi
Long Beach (Daugherty Field)	36 min	-	26.1 mi