Description

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. This location combines timeless appeal with unbeatable walkability and proximity to cultural, dining, and entertainment hubs!