1301 N Orange Drive Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,623 sqft
Price per Sqft $417
MLS Listing ID CL25519729
Bedrooms 5
Year Built 1922
Lot Size 5,741 Sqft
Property Sub-Type OTHER
Property Description
We are pleased to present 1301 N Orange Dr, a 3 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1922, the property consists of (1) one-bedroom + one-bathroom + den unit and (2) two-bedroom +one-bathroom units. The building is 2,623 gross square feet and sits on a 5,739 square foot lot.1301 N Orange Dr is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1301 N Orange Dr represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.96% with the ability to improve to a 5.60%CAP rate once units turnover.
Location
State CA
County Los Angeles
Zoning LAR3
Building
New Construction No