540 N Orlando Avenue
West Hollywood, CA 90048
Active for $6,800,000
Beds: 28 Baths: 29 Structure Size: 15,010 sqft Lot Size: 11,479 sqft
| MLS | 24466199 |
| Year Built | 1962 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $6,800,000 |
| Structure Size | 15,010 sqft |
| Lot Size | 11,479 sqft |
| Beds | 28 |
| Baths | 29 |
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.
Listing information courtesy of: David Saghian, Kidder Mathews of California, Inc. 818-231-5540. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Janie Bruce
REALTOR®
Direct: 714.310.4982
Email: Email Me
DRE: 01911987
DRE #01873088
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