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1901 Orchid Ave
Hollywood, CA 90068

The Remington · Multifamily Property For Sale · 9 Units

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.35 AC
Building Size 10,573 SF
Average Occupancy 100%
No. Stories 3
Year Built 1929
Parking Ratio 1.32/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Oven
  • Stainless Steel Appliances
  • Views
  • Deck
  • Dining Room
  • Patio

Site Amenities

  • Controlled Access
  • Courtyard
  • Zen Garden

About 1901 Orchid Ave , Hollywood, CA 90068

Las Orquideas :: Nine-unit Spanish Revival Village :: Wilfred Buckland, Architect, 1929 :: Howell + Padgett, Restoration, 2019 Nestled in the Hollywood foothills, like the Andalusian hill towns that inspired it, Las Orquideas is a collection of five villa-like structures housing nine unique residences and one flex space. Wilfred Buckland, Cecil B. DeMille’s art director and the original owner, designed the property for himself as a replica of a Spanish hill town, with ascending walkways, connecting gardens, and intimate plazas. The entire complex has been immaculately restored by the design team of Howell + Padgett, honored for their restoration of Torre del Moro in Beachwood Canyon. If ever there was ever a pride-of-ownership asset, Las Orquideas is it. The 9-residence compound offers the style, character and rich details of a landmark historic property with the modern amenities of new construction. The Mills Act building can be delivered fully vacant, providing endless opportunity to a visionary investor. A Hollywood starlet reborn. Disclosure: Flex space (Unit 10) is not permitted. GI calculated based on projected 1-year+ unfurnished rents which are less than actual verifiable short-term furnished rents. Entire building can be delivered vacant (with one exception, vacancy Feb 2020). Restoration Highlights include: new roofs, copper rain gutters, new exterior plaster finished in period methods with original 1920s color, new water mains running to each apartment allowing for future individual metering, and new central air/heat units for each apartment. Other features include: washer/dryers, new electrical and gas lines with modern meters that can be read from the street, Sub Zero refrigerators, Wolf ranges, Bosch appliances, Waterworks tile in bathrooms and kitchens, custom kitchen cabinetry, Hollywood Stripe awnings, soundproofing, expertly landscaped grounds highlighting century-old Eucalyptus trees, 14 garages upgraded with new openers, private gated and secure entrance to each building, and private terrace, garden patio or balcony with each residence.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $5,200 1,007 - 1,394
2+1 3 $6,350 891 - 1,017
3+2 1 $7,600 1,472
2+2 2 $6,800 1,200 - 1,261
3+3 1 $7,800 1,341

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5549-017-018
Land Assessment
$2,754,104
Improvements Assessment
$2,095,914
Total Assessment
$4,850,017

zoning

Zoning Code R2-1, Los Angeles
R2-1, Los Angeles
  • Listing ID: 15551594

  • Date on Market: 2019-03-26

  • Last Updated:

  • Address: 1901 Orchid Ave, Hollywood, CA 90068

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