540 North Orlando Avenue
$6,800,000
28
29
15,010
15,010
$453
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.
- Listed by David Saghian • DRE #01992252 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
- 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 Number5528014047
Total Units17.0
Living Area15010
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate3%
Lot Size Area11479
LISTING UPDATED: 11/22/2024 09:05 AM
Property Details for 540 North Orlando Avenue
Status | Active |
---|---|
MLS # | 24-466199 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.26 AC / 11,479 SF |
County | Los 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
Property History for 540 North Orlando Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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