Mohr Real Estate Group

Mohr Real Estate Group

540 N Orlando Avenue West Hollywood CA 90048 MLS #24466199

540 N Orlando Avenue
West Hollywood, CA, 90048
$6,800,000
Beds
0 Baths
SqFt
0.26 Acres
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$6,800,000
540 N Orlando Avenue
West Hollywood, CA, 90048
MLS #24466199 img 0

Property Description


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.

Property Details

Price:
$6,800,000
MLS #:
24466199
Status:
Active
Baths:
0
Address:
540 N Orlando Avenue
Type:
Residential Income
Neighborhood:
c10westhollywoodvicinity
City:
West Hollywood
Listed Date:
Nov 21, 2024
State:
CA
ZIP:
90048
Lot Size:
11,479 sqft / 0.26 acres (approx)
Year Built:
1962

Schools

Interior

Appliances
Dishwasher, Microwave, Refrigerator

Exterior

Parking Features
Gated
Parking Spots
18.00
Stories Total
2

Financial

Tenant Pays
Cable T V
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540 N Orlando Avenue
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