542 N ORANGE Dr, Los Angeles, CA 90036

Property Description

Situated in the center of Los Angeles' exciting urban landscape lies the historic neighborhood of Hancock Park. Recognized as one of Los Angeles' most affluent and recognizable neighborhoods, Hancock Park is home to many of the regions most expensive homes and a roster of high-profile residents.THG Advisors, as exclusive listing agent, is pleased to present the opportunity to purchase 542 N. Orange Drive, a triplex situated on a 6,000 SF parcel of land zoned RD1.5 in Hancock Park. The asset possesses unique architectural features and most units include working fireplaces and private patios which provide the feel of separate individual homes. The Property offers a rare opportunity to acquire a vacant triplex in one of Los Angeles' most desirable neighborhoods. Upon closing escrow, an investor has the flexibility to either began an extensive value-add program by blending the gorgeous Spanish-style design with modern finishes or developing the property into four small lot homes.