Listing provided courtesy of David Saghian of Kidder Mathews of California, Inc.. Last updated 2024-12-04 09:11:20.000000. Listing information © 2024 Sandicor.
Asking Price: $6,800,000 |
540 Orlando, West Hollywood CA 90048
Community: C10 - West Hollywood Vicinity
This property was built in 1962 and is priced at $6,800,000. Please see the additional details below.
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.
