1301 N Orange Dr - Multi-Family FOR SALE


Los Angeles, CA 90028- Hollywood
$1,175,000 USD
818-212-2784
1301 N Orange Dr, Los Angeles, CA for Sale
$1,175,000 USD
Multi-Family - FOR SALE
1/16
null | 4.54% Cap Rate

1301 N Orange Dr
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • First Time for Sale in Almost 30 Years!
  • Excellent Owner-User Opportunity
  • Private Backyards, Garages, and Washer/Dryers for Each Unit
  • Great Hollywood Location
  • Attractive Residential Financing

OVERVIEW

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 1301 N Orange Dr, a 3 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1922, the property consists of (1) one-bedroom + one-bathroom + den unit and (2) two-bedroom + one-bathroom units. The building is 2,623 gross square feet and sits on a 5,739 square foot lot. 1301 N Orange Dr is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood’s central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area’s connectivity to the rest of Los Angeles. 1301 N Orange Dr 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 4.54% with the ability to improve to a 5.13% CAP rate once units turnover.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

3

PRICE/UNIT

$391,667

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,749 SF

ZONING

LAR3

APN/PARCEL ID

5548-023-014

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-212-2784

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Michael StermanMarcus & MillichapMore Info
818-212-2784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.