12-27-2022
01-09-2023
1757 N Orange Dr, Los Angeles, CA 90028
- Excellent Unit Mix Composed of 14 One-Bedroom/One-Bathroom Units & 22 Two-Bedroom/Two-Bathroom Units!
- Spacious Units Averaging Approximately 701 SF for One-Bedroom Units & 950 SF for Two-Bedroom Units!
- Property Amenities Include Gym, On-Site Laundry Room, Elevator, Unremodeled Roof Deck with Elevator Access, Secured/Gated Garage and Entry!
- Ground Floor Units Feature Fenced Patios & East-Facing Units Feature Balconies!
- Exterior Facade and Common Areas Updated with Aesthetic, Contemporary Design!
- 12,360 SF Lot Zoned LAR4!
- Walking Distance to Hollywood Boulevard, Sunset Boulevard and Highland Avenue Offering Countless Coffee Shops, Restaurants, Shopping and Dining Options.
- The 1700 block of North Orange Drive is the same block as the Roosevelt Hotel, Yamashiro Restaurant, Magic Castle, Madame Tussauds, a subway station (Red Line), Ovation Hollywood, etc.
- The retail complex Ovation Hollywood, formerly Hollywood & Highland, recently underwent a major renovation, bringing new dining, shops, and entertainement, as well as jobs for the local economy.
- Benefiting From Media, Technology and Creative Office Boom in Hollywood/Miracle Mile.
- Short Commute to Major Employment Centers Such as Beverly Hills, Century City, West Hollywood, Koreatown and Downtown Los Angeles.
Property Description
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 1757 North Orange Drive, a 36-unit multifamily investment opportunity located in the supply constrained Hollywood submarket of Los Angeles,
CA.
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SIGN INKey Property Information
Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 12,500,000
No. of Units
36
GRM / GIM
12.81
Year Built
1965
Year Renovated
2008
Building Size
30,716 Sq ft
Lot Size
0.29 acres
Opportunity Zone
No
Price per unit
$ 347,222
