540 N Orlando Ave
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540 N Orlando Ave
17 Unit Apartment Building $9,551,824 CAD ($561,872 CAD/Unit) 5.19% Cap Rate Los Angeles, CA 90048
Investment Highlights
- AAA+ Prime West Hollywood Location - Situated in one of the Most Trendiest Neighborhoods in Los Angeles
- Excellent Unit Mix consisting of One - 3BR/2BA Unit, Eleven - 2BR/2BA Units, and Six 1BR/1BA Units
- 3 Units Being Delivered Vacant at the close of Escrow
- 93 Walk Score!- Walkers Paradise, property is in close to proximity to an array of Fine Dining Shopping & Entertainment Options
- Subtarannean Gated Parking consisting of 18 Parking Spaces!
- Rare Opportunity for an Investor to acquire a Value Add Opportunity with +35% Upside in Rents in an Ultra Prime Neighborhood
Executive Summary
540 N Orlando Ave, West Hollywood, CA 90048, is a 17-unit multifamily building featuring a mix of one 3-bedroom/2-bath unit,
eleven 2-bedroom/2-bath units, and five 1-bedroom/1-bath units. The property offers a beautiful open courtyard space for tenants, 18 gated subterranean parking spaces, on-site laundry, and gated entrance for security. Located on a picturesque tree-lined street near Melrose Place, the building provides easy access to premier dining, shopping, and entertainment options, making it highly desirable for tenants. This property presents an excellent value-add investment opportunity, with an estimated 35% upside in rental income, offering significant potential for future growth.
eleven 2-bedroom/2-bath units, and five 1-bedroom/1-bath units. The property offers a beautiful open courtyard space for tenants, 18 gated subterranean parking spaces, on-site laundry, and gated entrance for security. Located on a picturesque tree-lined street near Melrose Place, the building provides easy access to premier dining, shopping, and entertainment options, making it highly desirable for tenants. This property presents an excellent value-add investment opportunity, with an estimated 35% upside in rental income, offering significant potential for future growth.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,551,824 CAD | Apartment Style | Low Rise |
| Price Per Unit | $561,872 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.19% | Building Size | 15,010 SF |
| Gross Rent Multiplier | 12.85 | Average Occupancy | 82% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | $9,551,824 CAD |
| Price Per Unit | $561,872 CAD |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 12.85 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,010 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.2/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Eat-in Kitchen
- Dining Room
- Family Room
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Walking/Biking Trails
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,684 CAD | 750 |
| 2+2 | 11 | $3,466 CAD | 1,200 |
| 3+2 | 1 | $5,820 CAD | 1,000 |
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Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 5528-014-047 | Total Assessment | $2,429,957 CAD (2024) |
| Land Assessment | $842,814 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,587,144 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5528-014-047
Land Assessment
$842,814 CAD (2024)
Improvements Assessment
$1,587,144 CAD (2024)
Total Assessment
$2,429,957 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | WDR3C (Commercial) |
| WDR3C (Commercial) |
-
Michael Monempour -
Lyon Stahl Investment Real Estate
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540 N Orlando Ave
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