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1315 N Orange Dr

Los Angeles, CA 90028
  • $2,650,000
  • STATUS: Pending
  • ON SITE: 361 Days
  • ID#: 20-651730
Pending
UPDATED: 27 min ago
$2,650,000
  • 10
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,270
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1949
County:
Area:

School Ratings & Info

Description

I am pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. The property features on-site parking, on-site laundry, well manicured common area and is individually metered for electric and gas. The meticulously maintained property built in 1949 consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West Hollywood.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T15:42:57.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.cgluxuryhomesla.com/homes/111367613
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1315 N Orange Dr Los Angeles, CA 90028

  • Price: $2,650,000
  • Status: Pending
  • Updated: 27 min ago
  • ID#: 20-651730
10
Beds
0
Baths
0
½ Baths
0.19
Acres
5,270
SQFT
$503
$/SQFT
1949
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
I am pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. The property features on-site parking, on-site laundry, well manicured common area and is individually metered for electric and gas. The meticulously maintained property built in 1949 consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West Hollywood.
Exterior Features

Lot Size Area 8090 Other Structures None Parking Garage None Total Parking 8

Interior Features

Baths Total 8.00 Cooling Window Unit(S) Equipment Other Heating Wall

Property Features

Assessed Total Value 1109576 Gross Income 175070 Gross Operating Income 173018 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 120656.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 52361 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T15:42:57.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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