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    1315 N Orange Drive

    Los Angeles (City), CA 90028
    • $2,750,000
    • STATUS: Active
    • ON SITE: 175 days
    • ID#: 20651730
    UPDATED: 183 min ago
    $2,750,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,270
      SQFT
    • $522
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    I am 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. 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 Hollywood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/111369513
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    1315 N Orange Drive Los Angeles (City), CA 90028

    • Price: $2,750,000
    • Status: Active
    • Updated: 183 min ago
    • ID#: 20651730
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,270
    SQFT
    $522
    $/SQFT
    1949
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    I am 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. 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 Hollywood.
    Exterior Features

    Parking Features None

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 175070 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 119482 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 Team Forss Realty Group. Licensed in the State of California, USA.
     
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