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$6,800,000
Est. payment /mo
28 Beds
29 Baths
15,010 SqFt
UPDATED:
12/05/2024 05:09 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,010 sqft
Price per Sqft $453
MLS Listing ID 24466199
Bedrooms 28
HOA Y/N No
Year Built 1962
Lot Size 0.263 Acres
Property Description
540 N Orlando Ave, West Hollywood, CA 90048, is a 17-unit multifamily building featuring a mix of one 3-bedroom/2-bath unit,eleven 2-bedroom/2-bath units, and five 1-bedroom/1-bath units. The property offers a beautiful open courtyard space for tenants, 18 gated subterranean parking spaces, on-site laundry, and gated entrance for security. Located on a picturesque tree-lined street near Melrose Place, the building provides easy access to premier dining, shopping, and entertainment options, making it highly desirable for tenants. 3 current vacancies in the property and elgible rental increases due on February 1st. This property presents an excellent value-add investment opportunity, with an estimated 35% upside in rental income, offering significant potential for future growth.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Gated
Total Parking Spaces 18
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5528014047
Special Listing Condition Standard
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Listed by David Saghian • Kidder Mathews of California, Inc.
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935