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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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617 N Orange Drive Los Angeles, CA 90036
$5,250,000 20 beds, 20 baths
15, 000 sqft
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Agent Remarks

20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26653757
List price is $5,250,000
Beds: 20
Baths: 20
Built in 1964
15,000 sqft
0.31 acres
Lot size: 0.3071
County: Los Angeles
Zoning: LARD1.5
Appliances: Refrigerator
Parking description: None
Heating description: Wall Furnace
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 3/17/2026

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.082489, -118.341935.
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Listing Agent: David Miller
Co Listing Agent: Errol Spiro
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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White/Blue Collar Jobs

Population by Gender

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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