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$2,200,000
Est. payment /mo
8,041 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,041 sqft
Price per Sqft $273
MLS Listing ID CL25501009
HOA Y/N No
Year Built 1964
Lot Size 6,503 Sqft
Acres 0.15
Property Sub-Type Other
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
Zoning WDR3
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5528018021
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Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.