UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26236594
HOA Y/N No
Year Built 2026
Lot Size 7,213 Sqft
Property Sub-Type Apartment
Property Description
stands apart from typical new construction, the property
features designer finishes and fixtures, custom tilework,
oversized windows, in-unit laundry and large balconies in
most residences.
The unit mix includes four spacious 4-bedroom residences
and one impressive 3-bedroom residence. Four units are leased
at market rents, providing immediate income, while the remaining unit offers an opportunity for a buyer to live on-site and utilize owner occupancy financing. Offered at $4,750,000, the property features a 5.87% pro forma cap rate and approximately $354,600 in projected annual gross income at full occupancy.
Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard and Hollywood Boulevard, the property provides convenient access to major studios, entertainment employers, dining, shopping and nightlife.
With premium finishes, established rental income and flexibility for owner occupancy, 1237 N Orange Dr offers a compelling opportunity to own luxury new construction in a prime Hollywood location.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Parking Features Assigned
Carport Spaces 2
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights, Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 5532009004
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Nearby Locations
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