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367 N Orange Dr 2 Unit Apartment Building $3,024,666 CAD ($1,512,333 CAD/Unit) 2.41% Cap Rate Los Angeles, CA 90036



Executive Summary
367 N Orange Drive presents a rare corner duplex opportunity in the heart of Hancock Park, blending timeless architectural character with lush garden surroundings and an undeniably warm, home-like atmosphere. The property also includes two smaller rooms and bathrooms above the three garages, offering flexible space for guests, a home office, gym, or future third unit potential. Spanning 4,662 square feet on a 6,998 square foot corner lot, the property is framed by mature landscaping, winding brick pathways, and layered greenery that create a sense of privacy and charm rarely found in multifamily offerings. The exterior carries a storybook quality, where thoughtful landscaping softens the architecture and creates a welcoming sense of arrival from every angle. Inside, the residence is rich in original detail and craftsmanship, featuring warm wood-paneled ceilings, arched transitions, vintage tile work, and thoughtfully preserved interiors that evoke classic California living. Expansive living spaces are filled with natural light and architectural elements that add texture and warmth, while the garden areas and outdoor spaces offer an inviting extension of the interiors. Rather than functioning as a conventional income property, 367 N Orange Drive carries the feeling of a private home, appealing to tenants or owner-users drawn to authenticity, comfort, and design integrity. Its prominent corner positioning further enhances the property's presence and curb appeal within the neighborhood. Located moments from Melrose Avenue and some of Hancock Park's most sought-after dining, retail, and lifestyle destinations, the property benefits from one of Los Angeles' most desirable residential settings. As part of the broader Sycamore Collection portfolio offering, 367 N Orange Drive represents a unique opportunity to acquire one of five distinctive architectural multifamily assets in the heart of Hancock Park. The Sycamore Portfolio is now available for the first time in over 50 years, presenting an exclusive and exceptionally rare opportunity to acquire five architecturally distinctive multifamily properties thoughtfully positioned throughout Hancock Park. Each asset offers strong upside potential,
timeless character, and a location within one of Los Angeles' most consistently desirable residential neighborhoods.
timeless character, and a location within one of Los Angeles' most consistently desirable residential neighborhoods.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$121,406
|
$9.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$121,406
|
$9.85
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,561
|
$3.94
|
| Net Operating Income |
$72,844
|
$5.91
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $121,406 |
| Annual Per SF | $9.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $121,406 |
| Annual Per SF | $9.85 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,561 |
| Annual Per SF | $3.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $72,844 |
| Annual Per SF | $5.91 |
Property Facts
| Price | $3,024,666 CAD | Building Class | C |
| Price Per Unit | $1,512,333 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,662 SF |
| Cap Rate | 2.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 24.91 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $3,024,666 CAD |
| Price Per Unit | $1,512,333 CAD |
| Sale Type | Investment |
| Cap Rate | 2.41% |
| Gross Rent Multiplier | 24.91 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,662 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R3, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $5,059 CAD | 2,331 |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5527-037-007 | Improvements Assessment | $1,473,718 CAD |
| Land Assessment | $1,842,149 CAD | Total Assessment | $3,315,867 CAD |
Property Taxes
Parcel Number
5527-037-007
Land Assessment
$1,842,149 CAD
Improvements Assessment
$1,473,718 CAD
Total Assessment
$3,315,867 CAD
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