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6361 Orange St
Los Angeles, CA 90048
Multifamily Property For Sale
·
3 Units
Executive Summary
The charming 1930s triplex at 6361 Orange Street offers a rare blend of historic character and prime location in the heart of Mid-Wilshire, just off Wilshire
Boulevard and Crescent Heights. This well-preserved building retains its original architectural charm, featuring beautiful hardwood floors, classic detailing like coved ceilings
and arched doorways, elegant fireplaces in living areas, spacious room layouts, and abundant natural light throughout the interiors. Each of the three units is a generous
two-story townhome-style residence with approximately 1,369 sq ft (total building 4,106 sq ft), including 2 bedrooms and 1.5 baths, plus in-unit private laundry machines for
added convenience. The property features a serene, open central courtyard shielded from the street by tall, lush green hedging for enhanced privacy. Additional highlights
include a usable backyard space, and parking for up to 6 vehicles: two separate 2-car garages plus room for another 2 cars side-by-side in the driveway without obstructing
access. One unit will be delivered vacant with a projected market rent of $4,500/month. Ideal for an owner-user seeking to offset housing costs with income from the other
two occupied units ($3,500 and $2,615/month). This setup provides immediate cash flow while preserving long-term upside. Zoned LAR3 with TOC Tier 3 incentives, the
property presents significant development potential, including ADU opportunities. Base R3 zoning allows roughly 1 unit per 800 sq ft of lot area (approx. 6,250 sq ft lot
supports ~7-8 units by right); TOC Tier 3 can provide up to a 70% density bonus (potentially 12+ units) and increased FAR, subject to specific project design and
approvalsperfect for investors eyeing redevelopment or expansion. Steps from iconic Miracle Mile sites like LACMA, the Petersen Automotive Museum, La Brea Tar Pits,
The Grove, and the vibrant Sunset Strip/West Hollywood corridor, with easy access just outside Beverly Hills.
Boulevard and Crescent Heights. This well-preserved building retains its original architectural charm, featuring beautiful hardwood floors, classic detailing like coved ceilings
and arched doorways, elegant fireplaces in living areas, spacious room layouts, and abundant natural light throughout the interiors. Each of the three units is a generous
two-story townhome-style residence with approximately 1,369 sq ft (total building 4,106 sq ft), including 2 bedrooms and 1.5 baths, plus in-unit private laundry machines for
added convenience. The property features a serene, open central courtyard shielded from the street by tall, lush green hedging for enhanced privacy. Additional highlights
include a usable backyard space, and parking for up to 6 vehicles: two separate 2-car garages plus room for another 2 cars side-by-side in the driveway without obstructing
access. One unit will be delivered vacant with a projected market rent of $4,500/month. Ideal for an owner-user seeking to offset housing costs with income from the other
two occupied units ($3,500 and $2,615/month). This setup provides immediate cash flow while preserving long-term upside. Zoned LAR3 with TOC Tier 3 incentives, the
property presents significant development potential, including ADU opportunities. Base R3 zoning allows roughly 1 unit per 800 sq ft of lot area (approx. 6,250 sq ft lot
supports ~7-8 units by right); TOC Tier 3 can provide up to a 70% density bonus (potentially 12+ units) and increased FAR, subject to specific project design and
approvalsperfect for investors eyeing redevelopment or expansion. Steps from iconic Miracle Mile sites like LACMA, the Petersen Automotive Museum, La Brea Tar Pits,
The Grove, and the vibrant Sunset Strip/West Hollywood corridor, with easy access just outside Beverly Hills.
Property Facts
| Price Per Unit | $857,751 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.22% | Lot Size | 0.14 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,106 SF |
| Gross Rent Multiplier | 14.52 | Average Occupancy | 70% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | LAR3 - Restricted Density Multiple Dwelling: One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price Per Unit | $857,751 CAD |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 14.52 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,106 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | LAR3 - Restricted Density Multiple Dwelling: One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | - | 1,100 |
Property Taxes
| Parcel Number | 5510-025-012 | Improvements Assessment | $133,320 CAD |
| Land Assessment | $131,318 CAD | Total Assessment | $264,639 CAD |
Property Taxes
Parcel Number
5510-025-012
Land Assessment
$131,318 CAD
Improvements Assessment
$133,320 CAD
Total Assessment
$264,639 CAD
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