540 North Orlando Avenue

West Hollywood, CA 90048

$6,800,000
Price
28
Beds
29
Baths
15,010 Sq. Ft.
$453 / Sq. Ft.
15,010
Sq. Ft.
$453
per Sq. Ft.

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...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.
  1. Listed by David Saghian • DRE #01992252 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Michael Monempour • DRE #01996829 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 540 North Orlando Avenue

Zoning
WDR3C*
Parcel Number
5528014047
Total Units
17.0
Living Area
15010
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
3%
Lot Size Area
11479
LISTING UPDATED: 11/29/2024 12:01 AM

Property Details for 540 North Orlando Avenue

StatusActive
MLS #24-466199
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.26 AC / 11,479 SF
CountyLos Angeles County

Building Information for 540 North Orlando Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.26 AC / 11,479 SF

Property Information for 540 North Orlando Avenue

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $513,231
  • Net Operating Income: $352,958.00
  • Gross Income: $529,104
  • Cap Rate: 5.19%
  • Gross Rent Multiplier: $12.85
  • Actual Annual Gross Rent: $529,104.00
  • Actual Gross Annual Income: $529,104
  • Actual Rent Total: $44,092.00
  • Financial Info as Of: 11/21/2024
  • Total Annual Expense: 160273
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2635
  • Lot Size Square Feet: 11479
  • Lot Size Dimensions: 100x115
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 18
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Electric
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-22-2024
  • Tenant Pays: Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,143.00
  • Unit Actual Rent: $4,143.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,621.00
  • Unit Actual Rent: $28,331.00
  • Unit Projected Rent: $40,700.00
  • Like Units: 11
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,173.00
  • Unit Actual Rent: $10,868.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,112,701.00
  • Assessed Improvement Percent: 65.32
  • Assessed Land Value: $590,873.00
  • Assessed Land Percent: 34.68
  • Assessed Total Value: $1,703,574.00

Property History for 540 North Orlando Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 North Orlando Avenue

Taxable ValueLand$602,690Additions$1,134,955Total$1,737,645
Tax Record2024$25,126 ($2,094 / month)
Home Facts
Total Finished SqFt15,010 SqFtAbove Grade Finished SqFt15,010 SqFtLot Size11,476 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningWDR3C*CountyLOS ANGELESAPN5528-014-047

Schools near 540 North Orlando Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rosewood Avenue Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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540 North Orlando Avenue is a multi-family home for sale in West Hollywood, CA 90048. This property was listed for sale on November 21, 2024 by Kidder Mathews of California, Inc., it's currently listed at $6,800,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 540 North Orlando Avenue is a 28-bed, 29-bath, 15,010 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., David Saghian, DRE #01992252; Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.