1903 Orchid Ave - Apartments FOR SALE


Los Angeles, CA 90068
$12,250,000 USD
310-940-8749
1903 Orchid Ave, Los Angeles, CA for Sale
$12,250,000 USD
Apartments - FOR SALE
1/23
null | 3.71% Cap Rate

1903 Orchid Ave
Los Angeles, CA 90068


HIGHLIGHTS

  • Historic Andalusian garden village built in 1929 by Wilfred Buckland, Cecile B. DeMille's frequent art director
  • Immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon
  • This compound, located at the base of the Hollywood Hills, has five villa-like structures consisting of nine units and a flex space
  • Each villa-like structure features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, & more
  • Modern updates include custom cabinetry, stainless steel appliances, and an in-unit washer and dryer
  • Several units feature private patios or balconies overlooking Hollywood Blvd. and the city

OVERVIEW

*** 3rd Price Reduction - $650,000 from original listed price *** Welcome to Las Orquideas, a historic Andalusian garden village built in 1929 by Wilfred Buckland, and immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon. Las Orquideas perfectly retains that signature glamour of Hollywood's Golden Age while offering modern and luxurious amenities of a new construction property. Perched in the foothills of the Hollywood Hills, this compound has five villa-like structures consisting of nine units and a flex space. This whimsical complex was designed in the early days of Hollywood's Golden Era by Wilfred Buckland, Cecil B. DeMille's frequent art director. Buckland, the original owner, developed the property as a replica of a Spanish hill town with ascending walkways, connecting gardens, and intimate plazas. An abundance of lush mature landscaping lines the stone walkways. Each villa-like structure is covered in coral-colored stucco and features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, and stained glass. Lofty ceiling heights and oversized windows bring in much natural light. A remodel of each unit was completed several years ago with strict attention to retaining each unit's strict authentic integrity and character. Modern updates include custom cabinetry, stainless steel appliances, and an in-unit washer and dryer. Several units feature private patios or balconies overlooking Hollywood Blvd. and the city. Las Orquideas is a Mills Act property with a financial incentive for historic preservation, offering property tax savings for owners who invest in rehabilitating historic buildings. Las Orquideas is part of the Golden Era Collection, four impeccably restored multifamily complexes in Los Angeles. Please contact Kenny Stevens & Alyson Richards for more info.

FOR SALE DETAILS

PRICE

$12,250,000 USD

PRICE/SF

$1,159 USD /SF

# OF UNITS

9

PRICE/UNIT

$1,361,111

CAP RATE

3.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Hollywood Hills Villa Compound

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R2-1, Los Angeles

APN/PARCEL ID

5549-017-018

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-940-8749

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Kenny StevensCompassMore Info
310-940-8749

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