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537-545 1/2 N Orange Dr
Los Angeles, CA 90036 Hollywood

$4,995,000 USD

Apartments For Sale  •  7,360 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,360 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 4.78 %
  • Zoning RD1.5, Los Angeles
55 Transit Score
94 Walk Score

Highlights

Iconic Design Meets Opportunity – Non-Rent-Controlled – Full market-rate rent potential
Permitted 150 SF attic in each unit – Adds livable or functional space
Seven detached structures – Enhances privacy and curb appeal
Quiet courtyard setting – Desirable layout for long-term tenants
Separately metered gas and electric – Tenant-paid utilities
Premier location – Minutes to Larchmont Village, Melrose, Paramount Studios

Property Flyers

Financial Summary (Actual)

Net Operating Income: $244,982 USD (2024)
Cap Rate: 4.78 %
Total Expenses: $116,398 USD

Amenities

  • Air Conditioning
  • Courtyard
  • Washer/Dryer
  • Heating
  • Vaulted Ceiling
  • Stainless Steel Appliances
  • Garden
  • Loft Layout

Public Transportation

Commuter RailDriveWalkDistance
13 min - 6.9 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 16 min - 7.0 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.0 mi
Los Angeles International 25 min - 11.8 mi
Long Beach (Daugherty Field) 41 min - 27.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Dave Miller 310-202-9166 Miller & Desatnik Realty Corp.
Dave Miller 310-202-9166 Miller & Desatnik Realty Corp.