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The Nirvana Hollywood Portfolio 3 Multifamily Properties Offered at $26,100,000 in Multiple Locations
Investment Highlights
- Situated at the base of the Hollywood Hills, boasting a Walk Score of 94 ("Walker's Paradise").
- 1775 N Orange benefits from the Mills Act
- Legal Apartment Hotel Model
- 91 Total Units across three neighboring lots allow for streamlined management, shared maintenance crews, and consolidated leasing operations.
- The portfolio features a "Proven Value-Add" strategy. By modernizing interiors and executing proposed unit splits.
Executive Summary
We are pleased to present the exclusive opportunity to acquire The Nirvana Portfolio, a three-property assemblage comprising 91 residential units located at the coveted intersection of Franklin Avenue and Orange Drive. Consisting of 1769 N Orange Dr, 1775 N Orange Dr (The historic "Nirvana"), and 7000 Franklin Ave – this portfolio of The Nirvana Collection, including the only functioning historic apartment hotel in all of Los Angeles, offers an investor the opportunity to buy into a restored and stabilized asset that is priced as apartments but includes major hospitality upside as well.
Property Facts
| Price | $26,100,000 | Status | Active |
| Price / SF | $426.23 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.14% | Total Building Size | 61,235 SF |
| Sale Type | Investment | Total Land Area | 1.03 AC |
| Price | $26,100,000 |
| Price / SF | $426.23 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 61,235 SF |
| Total Land Area | 1.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Nirvana
1775 N Orange Dr, Hollywood, CA 90028 |
Multifamily | 36,300 SF | 1925 | - |
| 1769 N Orange Dr, Los Angeles, CA 90028 | Multifamily | 16,847 SF | 1949 | - |
| 7000 Franklin Ave, Los Angeles, CA 90028 | Multifamily | 8,088 SF | 1950 | - |
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The Nirvana Hollywood Portfolio
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