540 N Orlando Ave West Hollywood , CA 90048
Active
$6,890,000
17 Units
28 Beds
29 Baths
15,010 Area(sq.ft.)
11,479 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 5 | 1 | 1 | No | $ 2,195 | $ 10,977 | $ 14,250 |
| Unit 2 | 11 | 2 | 2 | No | $ 2,594 | $ 28,535 | $ 38,500 |
| Unit 3 | 1 | 3 | 2 | No | $ 4,124 | $ 4,124 | $ 4,500 |
| 3 | 17 | 30 | 29 | $ 43,633 | $ 372,894 | $ 499,250 |
| MLS #: | 24-439117 |
| Days On Market: | 51 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 459 |
| Price per unit: | $ 405,294 |
| Year Built: | 1962 |
Property Details
We are pleased to introduce for sale 540 N. Orlando, a 17-unit property in the heart of West Hollywood. Offering large unit types in a prime location with walkable retail and dining options, the building consists of an ideal unit mix of (1) 3 bedroom 2 bath unit, (11) two bedroom 2 bath units and(5) 1 bedroom 1 bath units. The property boasts strong in place cash flow with tremendous rental upside. The secure entry way, central courtyard, and 18 gated parking spaces offer security and privacy to the affluent renter demographic. Select units have been beautifully remodeled with new flooring, kitchen cabinets/countertops, bathroom vanities, shower tile, plumbing & electrical fixtures, new appliances, etc. The property size offers immediate scale and a strong foothold in one of the most desirable submarkets.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 511,025 |
| Total Annual Expense: | $ 146,779 |
| Net Operating Income: | $ 364,246 |
| Gross Annual Income: | $ 526,830 |
| Cap Rate: | 5.29% |
| Gross Rent Multiplier: | 13.08 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | WDR3C* |
| Parking Garage: | Community Garage, Controlled Entrance |
| Covered Parking: | 18 |
| Total Parking: | 18 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Dishwasher, Range/Oven |
| Heating: | Wall |
Exterior
Detailed Map
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