617 N Orange Dr - Apartments FOR SALE


Los Angeles, CA 90036- Hollywood
$5,250,000 USD
310-202-9166
617 N Orange Dr, Los Angeles, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/8
null | 4.49% Cap Rate

617 N Orange Dr
Los Angeles, CA 90036
Hollywood


OVERVIEW

20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

20

PRICE/UNIT

$262,500

CAP RATE

4.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,329 SF

ZONING

LARD1.5

APN/PARCEL ID

5525-018-024

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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