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1759 Orchid Ave
Los Angeles, CA 90028
1759 Orchid · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Stabilized Asset with Strong Collections - Opportunity for an investor to acquire a stabilized asset with strong collections: 90% receipts in Dec 2020
- Access to Major Employment
- High Walkability Drives Rent Growth - Boasts a near perfect 97 walkscore
- Iconic Location - The Property is nestled between the famed Hollywood Blvd & Franklin Ave, home to many of Los Angeles’ top dining & nightlife
- Affordability Gap to Homeownership - Hollywood has become one of the most expensive neighborhoods as the median home price has grown to over $1.7M
Property Facts
| No. Units | 48 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 40,502 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 40,502 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
| 1+1 | 14 | - | - |
| 1+2 | 11 | - | - |
Property Taxes
| Parcel Number | 5548-004-016 | Improvements Assessment | $2,086,928 |
| Land Assessment | $11,822,322 | Total Assessment | $13,909,250 |
Property Taxes
Parcel Number
5548-004-016
Land Assessment
$11,822,322
Improvements Assessment
$2,086,928
Total Assessment
$13,909,250
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