MULTIFAMILY ORANGE DRIVE 1315
1315 ORANGE DRIVE, LOS ANGELES, CA
The meticulously maintained property, consists of six one-bedroom / one-bathroom units and two two-bedroom / one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West Hollywood.
Given the property’s prime location and recent improvements, 1315 North Orange Drive is an ideal investment
Estimate IRR
Annual Preferred Return
12-18%
Annual Preferred Return
7%
Estimate Holding Period
3-5 Years
FUND CLOSED
$2,800,000 USD
INVESTMENT HIGHLIGHTS
METICULOUSLY MAINTAINED PROPERTY WITH STABLE OPERATING HISTORY
A PRIME LOCATION
Located Within Walking Distance to Sunset Boulevard & La Brea Avenue – The Nexus of West Hollywood and Hollywood.
ON-SITE PARKING
Eight Secured Parking Spaces that Do Not Require Seismic Retrofit Work
LOW OPERATING COST
The Property Features Individual Water Heaters and Tenants Pay Trash, Electric and Gas – Creating Significantly Lower Operating Costs of Ownership.
FREE & CLEAR
The Property is Being Offered Free and Clear of Debt Enabling Investors to Take Advantage of Historically Low Interest Rates and Attractive Financing Programs.
BALANCED UNIT MIX
The Unit Mix Features Well Laid Out One and Two Bedroom Apartments that Remain Popular with Younger Renters Flocking to the Area.
Building Location
Orange Drive 1315
Los Angeles
California
U.S.A.
Sunset Boulevard is one of the most important streets in Los Angeles, a 22-mile artery that runs through the heart of the Greater Los Angeles Area and crosses iconic attractions and famous neighborhoods.
A trip on Sunset Boulevard can take a few hours or days, since it passes almost every major tourist attraction in the city.