1301 North Orange Drive

Los Angeles CA 90028

2623 sq. ft.

5741 sq. ft.

Other

Last sold for $1,046,000

Michael Sterman, last sold this property on 04 June 2025 after 402 days on market.

Overview

We are pleased to present 1301 N Orange Dr, a 3 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1922, the property consists of (1) one-bedroom + one-bathroom + den unit and (2) two-bedroom +one-bathroom units. The building is 2,623 gross square feet and sits on a 5,739 square foot lot.1301 N Orange Dr is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1301 N Orange Dr represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.96% with the ability to improve to a 5.60%CAP rate once units turnover.

Features

5 bedrooms

3 bathrooms

1 carspace

1 garage space

2623 sq. ft. floor area

5741 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 5 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 1301 North Orange Drive

2025

Sold

$1,046,000

04 Jun 2025 by Michael Sterman, of Marcus & Millichap

Happy sellers in Los Angeles

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