1315 N Orange Dr

    Los Angeles, CA 90028
    • $3,050,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 20-561164
    $3,050,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,270
      SQFT
    • $579
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. 1315 North Orange Drive is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property features, on-site parking, on-site laundry, well-manicured common area and is individually metered for electric and gas.The meticulously maintained property built in 1949 consists of six one-bedroom/ one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T23:42:13. 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.
    www.jelmbergteam.com/homes/103876835

    1315 N Orange Dr Los Angeles, CA 90028

    • Price: $3,050,000
    • Status: Active
    • MLS #: 20-561164
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,270
    SQFT
    $579
    $/SQFT
    1949
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    We are pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. 1315 North Orange Drive is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property features, on-site parking, on-site laundry, well-manicured common area and is individually metered for electric and gas.The meticulously maintained property built in 1949 consists of six one-bedroom/ one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West
    Exterior Features

    Lot Size Area 8090 Other Structures None Pool YN No Tennis YN No Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 175142 Gross Operating Income 178342 Like Units1 6 Like Units2 2 Net Operating Income 130204.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 48138 Type Of Units Residential Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T23:42:13. 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.
     
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211