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$ 6,800,000
Est. payment | /mo
15,010 SqFt
$ 6,800,000
Est. payment | /mo
15,010 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,010 sqft
Price per Sqft $453
MLS Listing ID CL24466199
HOA Y/N No
Year Built 1962
Lot Size 0.264 Acres
Acres 0.26
Property 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 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.
Location
State CA
County Los Angeles
Area Listing
Zoning WDR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5528014047
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Listed by David Saghian • Kidder Mathews of California, Inc.
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AnnMarie Barajas
Partner | Lic# DRE# 01898810