540 N Orlando Ave new Save Request In-Person Tour Request Virtual Tour
West Hollywood,CA 90048
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,010 sqft
Price per Sqft $453
MLS Listing ID 24-466199
Bedrooms 28
Year Built 1962
Lot Size 0.264 Acres
Acres 0.2635
Property 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.
Location
State CA
County Los Angeles
Area West Hollywood Vicinity
Zoning WDR3C*
Rooms
Other Rooms None
Interior
Heating Wall Electric
Cooling Wall Unit(s)
Equipment Dishwasher, Microwave, Refrigerator, Range/Oven
Exterior
Parking Features Gated
Garage Spaces 18.0
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard