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    457 N Orange Dr Los Angeles, CA 90036

    View on Map
    Sponsored
    For Sale
    $2,300,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    4,297 SF
    Lot size:
    0.17 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 23 at 5:06 am

    Property Features for 457 N Orange Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    5525-030-023
    Parking
    5
    Parking features
    Open, Driveway, Garage
    Patio and Porch features
    Porch, Deck, Patio
    Interior features
    Beamed Ceiling(s), Sump Pump
    Fireplace
    1
    Appliances
    Gas
    Size
    4,297 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Gravity
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Hardwood
    Roof type
    Tile, Rolled Hot Mop, Flat

    We can help!

    Listing Contact
    Jennifer Gainey
    Jennifer Gainey

    Compass

    Listing agent Jennifer Gainey License #01361195

    Listing date Mar 21, 2026

    MLS# 26666837

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Classic Spanish Duplex with Garages

    This classic Spanish two-story duplex is located on a serene, tree-lined street in Hancock Park. The property, on the market for the first time in over 40 years, has been well preserved and maintained. It features original details, including a spacious open concept living and dining area, exposed beams, original hardwood floors, archways, built-ins, an elegant gas fireplace, and high ceilings. Each unit has 3 bedrooms and 2 full baths, providing great volume and natural light. Each unit also features a breakfast room and laundry/utility room off the kitchen. There are two garages in the back, which could be developed into ADUs, while still leaving room for parking. One unit, measuring 2,050 sq ft, will be delivered vacant and has a newer central HVAC system. The other unit measures 1,948 sq ft. Both units are outfitted with in-unit laundry, updated copper plumbing, and newer electrical panels. The property offers an exceptional opportunity for both investors and owner-occupants, with one unit vacant and ready for move-in at closing. The property includes an expansive patio oasis perfect for entertaining or relaxing, as well as two large patio balconies and a Juliette balcony. The duplex is centrally located between Downtown LA & Beverly Hills, close to shops and restaurants of La Brea Ave, Larchmont Blvd, The Grove, LACMA, Pan Pacific Park, and the Melrose Shopping District. Nearby hot spots include Republique, All-Season Brewing, Trader Joe's and Lessens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.342199
    Latitude
    34.079953

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    FAQs

    What type of property is this?
    Duplex - Two-story duplex in Hancock Park with yards and garages.
    Where is this duplex located?
    The property is located at 457 N Orange Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Vacant Unit: 2,050 sq ft ready for immediate move-in, perfect for owner-occupants.; - Prime Location: Centrally located between Downtown LA & Beverly Hills with an Incredible Walk Score.; - ADU Potential: Two garages offer the potential for Accessory Dwelling Units (ADUs).
    (323) 559-6742
    Request Owner's contact information
    457 N Orange Dr Los Angeles, CA 90036
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    Los Angeles, CA 90036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    457 N Orange Dr Los Angeles, CA 90036
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    We can help!
    Listing Contact
    Jennifer Gainey
    Jennifer Gainey
    Real Estate License ID: 01361195
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