$6,525,000
SOLD JAN 28, 2025

540 N Orlando Ave West Hollywood, CA 90048

28 Beds
29 Baths
15,010 Sq Ft
0.26 Acres

Recently Sold

$435 Per Sq Ft

4% Below List Price

24 Days on Market

About This Home

As of January 2025

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. 3 current vacancies in the property and elgible rental increases due on February 1st. This property presents an excellent value-add investment opportunity, with an estimated 35% upside in rental income, offering significant potential for future growth.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 100x115

Home Design

  • Split Level Home

Interior Spaces

  • 15,010 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 29 Bathrooms

Parking

  • 18 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 17 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 5528-014-047

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 15010
  • Lot Acreage: 0.2635
  • Lot Dimensions: 100x115
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 28
  • Total Bathrooms: 29.00
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 453.03

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 18

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Percent: 65.32
  • Assessed Improvement Value: 1112701
  • Assessed Land Percent: 34.68
  • Assessed Land Value: 590873
  • Total Assessed Value: 1703574
  • Assessor Parcel Number: 5528-014-047
  • Lot Size Area: 11479

Rental Info

  • Total Actual Rent: 44092.00
  • Tenant Pays: Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.85
  • Number Of Units: 17
  • Total Annual Expense: 160273
  • Type Of Units: 3
  • Vacancy Rate: 3%

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Off Market $2,800 -- --
04/01/2025 04/01/25 For Rent $2,800 0.0% --
01/28/2025 01/28/25 Sold $6,525,000 0.0% $435 / Sq Ft
12/24/2024 12/24/24 Off Market $6,525,000 -- --
12/15/2024 12/15/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $6,800,000 0.0% $453 / Sq Ft
07/01/2022 07/01/22 For Rent $3,800 +72.7% --
06/15/2022 06/15/22 Price Changed $2,200 -- $2 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 24-466199

The MLS

California Los Angeles County West Hollywood 90048

540 N Orlando Ave, West Hollywood, CA

Homes for Sale in West Hollywood, CA

This home is located at 540 N Orlando Ave, West Hollywood, CA 90048 and is currently priced at $6,525,000, approximately $434 per square foot. This property was built in 1962. 540 N Orlando Ave is a home located in Los Angeles County with nearby schools including Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School, and Fairfax High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.