West Hollywood, CA 90048,540 N Orlando AVE
West Hollywood, CA 90048,540 N Orlando AVE
West Hollywood, CA 90048,540 N Orlando AVE
50
$6,525,000
$6,800,000
4.0%
Est.Price: ?

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28 BD
29 BA
15,010 SqFt

540 N Orlando AVE West Hollywood, CA 90048

Est. payment /mo
SOLD DATE : 01/28/2025

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Key Details

Sold Price $6,525,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,010 sqft

Price per Sqft $434

MLS Listing ID 24466199

Sold Date 01/28/25

Bedrooms 28

HOA Y/N No

Year Built 1962

Lot Size 0.263 Acres

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 C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Parking Features Gated

Total Parking Spaces 18

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5528014047

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Monempour • Lyon Stahl Investment Real Estate, Inc.
Bought with Michael Monempour • Lyon Stahl Investment Real Estate, Inc.

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agent

Deanne Phillips

Agent | License ID: 1937211

+1(310) 503-6493

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