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.
Sold for $6,525,000 on 01/28/25
$6,525,000
540 N Orlando Ave, Los Angeles, CA 90048
28beds
29baths
15,010sqft
Multi Family
Built in 1962
-- sqft lot
$6,414,700 Zestimate®
$435/sqft
$3,401 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 28, 2025 at 08:57am
Listed by:
Michael Monempour DRE # 01996829 310-270-8423,
Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Bought with:
Michael Monempour, DRE # 01996829
Lyon Stahl Investment Real Estate, Inc.
Source: CLAW,MLS#: 24-466199
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 29
Heating
- Wall Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Range/Oven
Interior area
- Total structure area: 15,010
- Total interior livable area: 15,010 sqft
Property
Parking
- Total spaces: 18
- Parking features: Gated
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 0.26 Acres
- Dimensions: 100 x 115
Details
- Additional structures: None
- Zoning: WDR3C*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Community & neighborhood
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 44092
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Estimated market value
$6,414,700