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1259 S Orange Dr 2 Unit Apartment Building $1,561,890 CAD ($780,945 CAD/Unit) Los Angeles, CA 90019
Investment Highlights
- LAR2-zoned parcel with potential for multifamily development or ADUs (buyer to verify).
- Minutes from major employment centers, retail, and cultural destinations.
- Includes a detached three-car garage offering additional utility or future value-add options.
- Prime Mid-Wilshire/Wilshire Vista location near Miracle Mile, Hancock Park, and Beverly Grove.
- Close to transportation routes and public transit for seamless connectivity.
- One tenant-occupied unit and one unit to be delivered vacant, allowing flexible investment strategies.
Executive Summary
Prime Mid-Wilshire/Wilshire Vista Development Opportunity! Located in one of Los Angeles' most desirable neighborhoods, this LAR2-zoned property offers exceptional investment and redevelopment potential. Existing zoning may accommodate multifamily development, ADUs, or future redevelopment opportunities (buyer to verify with the City of Los Angeles). LAR2 zoning may provide greater flexibility than SB 9, with potential opportunities for Density Bonus or other incentive programs, if applicable. Ideally situated in the sought-after Wilshire Vista/Mid-Wilshire neighborhood, adjacent to Miracle Mile and just minutes from Larchmont Village, Hancock Park, Beverly Grove, West Hollywood, and Koreatown. Enjoy convenient access to premier dining, shopping, entertainment, and major employment centers. Property is subject to the City of Los Angeles REAP Program. One unit is tenant-occupied and will transfer subject to the existing tenancy. The owner-occupied unit will be delivered vacant at the close of escrow. CASH OFFERS ONLY ! Buyer to independently verify zoning, development potential, allowable uses, REAP status, tenancy, and any applicable incentive programs with the City of Los Angeles.
Property Facts
| Price | $1,561,890 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $780,945 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Sale Condition | Redevelopment Project | Building Size | 2,867 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $1,561,890 CAD |
| Price Per Unit | $780,945 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,867 SF |
| No. Stories | 2 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5084-029-012 | Improvements Assessment | $70,600 CAD |
| Land Assessment | $55,579 CAD | Total Assessment | $126,179 CAD |
Property Taxes
Parcel Number
5084-029-012
Land Assessment
$55,579 CAD
Improvements Assessment
$70,600 CAD
Total Assessment
$126,179 CAD
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1259 S Orange Dr
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