One of the most reputable developers of all LA gladly presents this newly built 4-plex in prime Hollywood currently. This property is conveniently located right in the heart of Hollywood with foot travel distance from the Hollywood Walk of Fame (1/2 mile), the TCL Chinese Theatre, the Wax Museum, and the famous Capitol Records Building. Hollywood is known for receiving many tourists throughout the year and many new residents who come to chase the dream of the acting industry (Airbnb for thought?). Hollywood has a high demand for rent and is being rapidly redeveloped with new luxury homes/apartments. 1307 N. Orange Dr. has easy access to downtown LA, LAX, and adjacent to upscale Hollywood Hills. It offers 93 Walkscore, 65 transit score, and 70 bike score giving residents access to easy dining, grocery shopping, and transportation. For investors, Orange Dr offers a pro-forma of 5.5%+ CAP rate and 13.9X GRM. 1307 Orange offers 2 buildings with 4 units total. First building consists of a massive 4b/4ba and a 3b/3.5ba. Second building offers a 3b/3ba and a 2b/2ba. This new and luxurious construction development has all the modern touches in today’s market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen and bathooms, central AC, washroom, 4 car garage, 7 parking spaces, and many more features making itthe one of the most beautiful homes in the neighborhood.
Based on information from California Regional Multiple Listing Service, Inc. as of April 16th, 2021 at 7:02am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.