Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
$2,200,000
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
Listing Snapshot
Days Online
5
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
$3,681k
+40%
(avg) sold price
13
+8%
homes sold
114
+18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 8,041, Levels: MultiSplit, Living area: 8041, 1 building
Cooling
None
Heating
None
Income
Gross income: $132,962, Net operating income: $66,653
Lot
0.1493 acres, 6,503 square feet, Size: 6,503
Parking
9 totals parking, Underground
Property
Zoning: WDR3C*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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