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1315 N Orange Dr
Los Angeles, CA 90028
Eight Units in Prime Hollywood · Multifamily Property For Sale
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8 Units
Investment Highlights
- A PRIME LOCATION: Located Within Walking Distance to Sunset Boulevard & La Brea Avenue – The Nexus of West Hollywood and Hollywood.
- ON-SITE PARKING: Eight Secured Parking Spaces that Do Not Require Seismic Retrofit Work.
- FREE & CLEAR: The Property is Being Offered Free and Clear of Debt Enabling Investors to Take Advantage of Historically Low Interest Rates.
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- LOW OPERATING COST: The Property Features Individual Water Heaters and Tenants Pay Trash, Electric and Gas.
- BALANCED UNIT MIX: The Unit Mix Features Well Laid Out One and Two Bedroom Apartments that Remain Popular with Younger Renters Flocking to the Area.
Property Facts
| No. Units | 8 | Building Size | 5,270 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,270 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 2 | - | 800 |
Property Taxes
| Parcel Number | 5548-023-018 | Improvements Assessment | $555,011 |
| Land Assessment | $2,220,046 | Total Assessment | $2,775,057 |
Property Taxes
Parcel Number
5548-023-018
Land Assessment
$2,220,046
Improvements Assessment
$555,011
Total Assessment
$2,775,057
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