1254 N Orange Dr - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,300,000 USD
310-994-9158
1254 N Orange Dr, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/10
null | 5.49% Cap Rate

1254 N Orange Dr
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Extra Large 11,517 SF Lot | Extra On-Site Parking is Rented To Neighboring Building For $750 Per Month
  • $90,000 Full Building Re-Pipe In 2025
  • Attractive Unit Mix 5(1+1)1(2+1)2(2+2)

OVERVIEW

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 monetizing laundry 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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,517 SF

ZONING

LAR3

APN/PARCEL ID

5532-008-026

ASK ABOUT THIS PROPERTY

Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

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Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.