
1254 N Orange Dr Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $15,039/month
About This Home
Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.26 Acre Lot
Parking
- Assigned Parking
Home Design
- Split Level Home
Interior Spaces
- 6,533 Sq Ft Home
- Built-In Features
- Ceiling Fan
- Disposal
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Vented Exhaust Fan
- Cable TV Available
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5532-008-026
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/14/2025 07/14/25 | For Sale | $2,300,000 | -- | $352 / Sq Ft |
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