540 N Orlando Ave West Hollywood , CA 90048
Active
$6,800,000
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 | 1 | 3 | 2 | No | $ 4,143 | $ 4,143 | $ 4,500 |
| Unit 2 | 11 | 2 | 2 | No | $ 2,621 | $ 28,331 | $ 40,700 |
| Unit 3 | 5 | 1 | 1 | No | $ 2,173 | $ 10,868 | $ 14,000 |
| 3 | 17 | 30 | 29 | $ 43,839 | $ 370,124 | $ 522,200 |
| MLS #: | 24-466199 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 453 |
| Price per unit: | $ 400,000 |
| Year Built: | 1962 |
Property Details
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.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 513,231 |
| Total Annual Expense: | $ 160,273 |
| Net Operating Income: | $ 352,958 |
| Gross Annual Income: | $ 529,104 |
| Cap Rate: | 5.19% |
| Gross Rent Multiplier: | 12.85 |
| Actual Gross Rent: | $ 529,104 |
| Actual Gross Income: | $ 529,104 |
| Actual Rent Total: | $ 44,092 |
Structure
| Type of Units: | 3 |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | WDR3C* |
| Parking Garage: | Gated |
| Total Parking: | 18 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Dishwasher, Microwave, Refrigerator, Range/Oven |
| Heating: | Wall Electric |
Exterior
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