CA > West Hollywood
West Hollywood, CA 90048,540 N Orlando Ave
West Hollywood, CA 90048,540 N Orlando Ave
West Hollywood, CA 90048,540 N Orlando Ave
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$6,800,000
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28 BD
29 BA
15,010 SqFt
New

540 N Orlando Ave West Hollywood, CA 90048

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

11/22/2024 04:05 PM

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

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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540 N Orlando Ave