$ 2,300,000
-
$2,300,000
Price -
11
Bed -
10
Bath -
6,533
SqFt
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About the Listing X78796 - C143643,X75139
Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets.
Listing Highlights for 1254 N Orange Dr
Status
Pending
Days on Site
53
Property Type
Multi-Family
MLS ®
25566669
Year Built
1957
Total Square Footage
6,533
Lot/Acreage
0.26
County
Los Angeles
Area
Hollywood
Interior Details
- Bedrooms: 11
- Bathrooms: 10 Full
- Appliances: Ceiling Fan, Garbage Disposal, Built-Ins, Cable, Vented Exhaust Fan
- Air Cond: Wall/Window
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5532-008-026
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1254 N Orange Dr Los Angeles, CA 90038
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