We are pleased to present 527 N Orlando Ave, a 6 + 1 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1964, the property consists of (4) two-bedroom + two-bathroom units and (2) three-bedroom + two-bathroom units. The… Read More building is 8,041 gross square feet and sits on a 6,503 square foot lot. The subject property is located on a charming, tree-lined street, situated in the heart of WestHollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate access to La Cienega Blvd and Santa Monica Blvd further extending the area's connectivity. 527 N Orlando Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.03% with the ability to improve to a 8.91% CAP rate once units turnover. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Kamara, 310-666-5837.
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
14
Square Ft.
8,041
Lot Size
0.15 Acres
Year Built
1964
MLS Number
25501009
30 Days Snapshot Of 90048
$3,113k
-35%
(avg) sold price
15
+15%
homes sold
110
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
8,041 sq ft, Built in 1964, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
Subterranean
Heating
None
Lot
LotAcreage: 0.1493, LotSizeArea: 6,503
Parking
TotalParking: 9
Property
NumberOfUnits: 6, Zoning: WDR3C*
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