527 N Orlando AVE new Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90048
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,041 sqft
Price per Sqft $273
MLS Listing ID 25501009
Bedrooms 14
Year Built 1964
Lot Size 6,503 Sqft
Property Description
We are pleased to present 527 N Orlando Ave, a 6 + 1 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1964, the property consists of (4) two-bedroom + two-bathroom units and (2) three-bedroom + two-bathroom units. The building is 8,041 gross square feet and sits on a 6,503 square foot lot. The subject property is located on a charming, tree-lined street, situated in the heart of WestHollywood. Residents will benefit from the close proximity to trendy coffee shops, cafes, restaurants and retail shops along the renowned Sunset Strip and Santa Monica Blvd. The property is just minutes away from Beverly Hills and Hollywood. This convenient location provides tenants with immediate access to La Cienega Blvd and Santa Monica Blvd further extending the area's connectivity. 527 N Orlando Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.03% with the ability to improve to a 8.91% CAP rate once units turnover.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Heating None
Cooling None
Exterior
Parking Features Underground
Building
New Construction No
Others
Special Listing Condition Standard