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540 N Orlando Avenue

West Hollywood, CA 90048
  • $7,800,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 24353785
UPDATED: 10 min ago
$7,800,000
  • 28
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,010
    SQFT
  • $520
    $/SQFT
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Benjamin Lalezari of Realty Investment Advisors, Inc. () and Benjamin J. Hsiang of Realty Investment Advisors, Inc.()


Description

We are pleased to introduce for sale 540 N. Orlando, a 17-unit property in the heart of West Hollywood. Offering large unit types in a prime location with walkable retail and dining options, the building consists of an ideal unit mix of (1) 3 bedroom 2 bath unit, (11) two bedroom 2 bath units and(5) 1 bedroom 1 bath units. The property boasts strong in place cash flow with tremendous rental upside. The secure entry way, central courtyard, and 18 gated parking spaces offer security and privacy to the affluent renter demographic. Select units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The property size offers immediate scale and a strong foothold in one of the most desirable submarkets.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T15:32:37.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147184306
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540 N Orlando Avenue West Hollywood, CA 90048

  • Price: $7,800,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 10 min ago
  • ID#: 24353785
28
Beds
0
Baths
0
½ Baths
0.26
Acres
15,010
SQFT
$520
$/SQFT
1962
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
We are pleased to introduce for sale 540 N. Orlando, a 17-unit property in the heart of West Hollywood. Offering large unit types in a prime location with walkable retail and dining options, the building consists of an ideal unit mix of (1) 3 bedroom 2 bath unit, (11) two bedroom 2 bath units and(5) 1 bedroom 1 bath units. The property boasts strong in place cash flow with tremendous rental upside. The secure entry way, central courtyard, and 18 gated parking spaces offer security and privacy to the affluent renter demographic. Select units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The property size offers immediate scale and a strong foothold in one of the most desirable submarkets.
Exterior Features

Parking Features Controlled EntranceCommunity Structure Parking Total 18

Interior Features

Appliances Dishwasher Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.22 Gross Income 502048 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 329287 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning WDR3C*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T15:32:37.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Benjamin Lalezari of Realty Investment Advisors, Inc. () and Benjamin J. Hsiang of Realty Investment Advisors, Inc.()