1315 North Orange Drive

Los Angeles, CA 90028

$2,615,000
Last Sold Price
10
Beds
8
Baths
5,270 Sq. Ft.
$496 / Sq. Ft.
5,270
Sq. Ft.
$496
per Sq. Ft.

Description

I am pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. The property features on-site parking, on-site laundry, well manicured common area and is individually metered for electric and gas. The meticulously maintained property built in 1949 consists of six one-bedroom/one-bathroom units...I am pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. The property features on-site parking, on-site laundry, well manicured common area and is individually metered for electric and gas. The meticulously maintained property built in 1949 consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West Hollywood.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1315 North Orange Drive

Zoning
LARD1.5
Parcel Number
5548023018
Total Units
8.0
Living Area
5270
Source Living Area
Assessor
Area
Hollywood (C20)
Vacancy Rate
N/A
Lot Size Area
8090

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute
LISTING UPDATED: 11/03/2021 07:32 AM

Property Details for 1315 North Orange Drive

StatusSold
MLS #20-651730
Days on Market346
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.19 AC / 8,090 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute

Building Information for 1315 North Orange Drive

Stories2Residences-Year Built1949Building Size-Lot Size0.19 AC / 8,090 SF

Payment Calculator

$17,034 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,271

Property Taxes

$2,763

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1315 North Orange Drive

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $173,018
  • Net Operating Income: $120,656.00
  • Gross Income: $175,070
  • Cap Rate: 4.55%
  • Gross Rent Multiplier: $15.14
  • Total Annual Expense: 52361
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1857
  • Lot Size Square Feet: 8090
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 8
  • Parking Features: None
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-26-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,046.00
  • Unit Actual Rent: $2,046.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,808.00
  • Unit Actual Rent: $1,808.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,331.00
  • Unit Actual Rent: $1,331.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,768.00
  • Unit Actual Rent: $1,768.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,087.00
  • Unit Actual Rent: $1,087.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $332,871.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $776,705.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,109,576.00

Property History for 1315 North Orange Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1315 North Orange Drive

Taxable ValueLand$2,133,840Additions$533,620Total$2,667,460
Tax Record2023$33,158 ($2,763 / month)
Home Facts
Total Finished SqFt5,270 SqFtAbove Grade Finished SqFt5,270 SqFtLot Size8,090 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLARD1.5CountyLOS ANGELESAPN5548-023-018

Schools near 1315 North Orange Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.