527 N Orlando Ave - Apartments FOR SALE


Los Angeles, CA 90048
$2,200,000 USD
310-525-5833
527 N Orlando Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 3.03% Cap Rate

527 N Orlando Ave
Los Angeles, CA 90048


OVERVIEW

Michael Kamara of Lyon Stahl is pleased to present 527 N Orlando Ave, a 6 + 1 Non Conforming 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 and (1) Non-conforming 1+1. 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 West Hollywood. 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. For more information please email listing agent: Michael.Kamara@lyonstahl.com

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

7

PRICE/UNIT

$314,286

CAP RATE

3.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

WDR3C*

APN/PARCEL ID

5528-018-021

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-525-5833

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