$6,800,000
540 Orlando Avenue, West Hollywood 90048
6
Beds
5
Baths
15,010
Square feet
11,479
Lot Size
17
# Of Units
Listing Agent
David Saghian - Kidder Mathews of California, Inc.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.
Facts & Features
| MLS® # | 24466199 |
|---|---|
| Price | $6,800,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 15,010 |
| Lot Size | 11,479 |
| Year Built | 1962 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 17 |
Community Information
| Address | 540 Orlando Avenue |
|---|---|
| Area | C10 - West Hollywood Vicinity |
| City | West Hollywood |
| County | Los Angeles |
| Zip Code | 90048 |
Amenities
| Parking Spaces | 18 |
|---|---|
| Parking | Gated |
| Garages | Gated |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Microwave, Refrigerator |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Multi/Split |
Additional Information
| Date Listed | November 21st, 2024 |
|---|---|
| Days on Market | 14 |
| Zoning | WDR3C* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | David Saghian |
|---|---|
| Office | Kidder Mathews of California, Inc. |