1157 N Orange Drive

    Los Angeles (City), CA 90038
    • $2,099,000
    • STATUS: Active
    • ON SITE: 179 days
    • ID#: 19449764
    UPDATED: 4 min ago
    $2,099,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,962
      SQFT
    • $709
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Great opportunity for investors and developers. Maximize use of rare large corner lot - zoned R3- in prime Hollywood location. Zoned for apartment housing and multiple dwellings, including town homes and small single family lots permitted by the Small Lot Subdivision Ordinance. Possible density bonus and TOC Tier 2 Designation. Walking distance to many popular restaurants, shops and theaters on Hollywood, Sunset, La Brea, Highland- Roosevelt Hotel, Grauman's Chinese Theatre, ArcLight, Dolby Theatre - home of the Oscars- and Hollywood Studios. With development, potential rooftop views of Hollywood Hills and Hollywood Sign. Buyer to do their own investigation. Three units currently on lot. Collect rent while working through entitlements and permits. 1925 California Bungalow Home plus Duplex. Front house is 2bd/1ba with original windows, breakfast room, built-in buffet in dining room. Please do not disturb tenants. Buyer to cooperate with seller's IRC Section 1031 tax deferred exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T20:39:24.95. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/93890477

    1157 N Orange Drive Los Angeles (City), CA 90038

    • Price: $2,099,000
    • Status: Active
    • Updated: 4 min ago
    • ID#: 19449764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,962
    SQFT
    $709
    $/SQFT
    1925
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Great opportunity for investors and developers. Maximize use of rare large corner lot - zoned R3- in prime Hollywood location. Zoned for apartment housing and multiple dwellings, including town homes and small single family lots permitted by the Small Lot Subdivision Ordinance. Possible density bonus and TOC Tier 2 Designation. Walking distance to many popular restaurants, shops and theaters on Hollywood, Sunset, La Brea, Highland- Roosevelt Hotel, Grauman's Chinese Theatre, ArcLight, Dolby Theatre - home of the Oscars- and Hollywood Studios. With development, potential rooftop views of Hollywood Hills and Hollywood Sign. Buyer to do their own investigation. Three units currently on lot. Collect rent while working through entitlements and permits. 1925 California Bungalow Home plus Duplex. Front house is 2bd/1ba with original windows, breakfast room, built-in buffet in dining room. Please do not disturb tenants. Buyer to cooperate with seller's IRC Section 1031 tax deferred exchange.
    Exterior Features

    Lot Size Units Square Feet Parking Features Shared DrivewayParking Space Parking YN Yes

    Interior Features

    Appliances DisposalDishwasher Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Cable Tv Expense 540.00 Electric Expense 210.00 Fuel Expense 276.00 Gross Multiplier 0.00 Gross Operating Income 84000.00 Improvements Amount 212207 Insurance Expense 1936.00 Land Value 371362 Maintenance Expense 2900.00 Net Operating Income 65434.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Pest Control Expense 360.00 Special Listing Conditions Standard Total Expenses 16046.00 Trash Expense 414.00 Water Sewer Expense 1300.00 Zoning Lar3

    Listing provided courtesy of Mary Anne Reyes of Pacifica Realty Management La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T20:39:24.95. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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