Image 2 for 1315 N Orange Dr, Los Angeles, CA 90028

View Photos

1315 N Orange Dr Los Angeles, CA 90028

$2,615,000 Sold Price as of 10/28/2021

10 Beds
8 Baths
5,270 Sq.Ft.

Sold

$2,615,000 Sold Price as of 10/28/2021 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 1315 N Orange Dr, Los Angeles, CA 90028

Property Overview: 1315 N Orange Dr Los Angeles, CA has 10 bedrooms, 8 bathrooms, 5,270 living square feet and 8,090 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. The property features on-site parking, on-site laundry, well manicured common area and is individually metered for electric and gas. The meticulously maintained property built in 1949 consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West Hollywood.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 346

Home details

Lot Sq. Ft: 8,090
HOA Dues: $0/mo
Year built: 1949
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20651730
City: Los Angeles
County: Los Angeles
Time on Site: 1355 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,046
Total Rent: $2,046
Pro Forma/Market Rent: $2,700

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,700

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,808
Total Rent: $1,808
Pro Forma/Market Rent: $2,000

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,000

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,331
Total Rent: $1,331
Pro Forma/Market Rent: $2,000

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,768
Total Rent: $1,768
Pro Forma/Market Rent: $2,000

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,087
Total Rent: $1,087
Pro Forma/Market Rent: $2,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.14
Gross Scheduled Income: --
Net Operating Income: $120,656
Gross Operating Income: $173,018

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1315 N Orange Dr

Interior Features

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8
No
Parking Features: None

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 8
Parcel Number: 5548023018

Location / Neighborhood

Location Information

Directions: Situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard.

View more facts & features

Local Los Angeles Agent

Sale History for 1315 N Orange Dr

Last sold for $2,615,000 on October 28th, 2021

August, 2021
Aug 31, 2021

Date

Price Change

CRMLS: 20651730

$2,650,000

Price
Jun 22, 2021

Date

Active

CRMLS: 20651730

$2,750,000

Price
Jun 10, 2021

Date

Pending

CRMLS: 20651730

$2,750,000

Price
Mar 26, 2021

Date

Price Change

CRMLS: 20651730

$2,750,000

Price
Oct 26, 2020

Date

Active

CRMLS: 20651730

$2,850,000

Price
July, 2020
Jul 16, 2020

Date

Expired

CRMLS: 20561164

$3,050,000

Price
Mar 5, 2020

Date

Active

CRMLS: 20561164

$3,050,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire 1315 North Orange Drive, an eight-unit apartment community in prime Hollywood. The property offers investors a unique opportunity to acquire a renovated building with stable operating history and remaining rental upside. 1315 North Orange Drive is situated just south from one of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard. The property features, on-site parking, on-site laundry, well-manicured common area and is individually metered for electric and gas.The meticulously maintained property built in 1949 consists of six one-bedroom/ one-bathroom units and two two-bedroom/one-bathroom units. Its 8,090 square foot lot nestles on a residential street with ample street parking. It is also walking distance to the main intersection of La Brea Avenue and Sunset Boulevard providing convenient access to all the main attractions of both Hollywood and West

Continue Reading
January, 2012
Jan 24, 2012

Date

Sold (Public Records)

Public Records

--

Price
April, 2009
Apr 10, 2009

Date

Sold (Public Records)

Public Records

$1,000,000

Price

Tax History for 1315 N Orange Dr

Assessed Value (2020): $1,177,648

Year	Land Value	Improved Value	Assessed Value
2020	$824,244	$353,404	$1,177,648

Home Value Compared to the Market

This property vs the competition

1315 N Orange Dr sold on October 28, 2021 for 136.61% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $502.85 per/sqft which puts the price per square foot 30.55% lower than the current median sale per square foot for the city of Los Angeles.

About 1315 N Orange Dr

Detailed summary of property

1315 N Orange Dr is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 5,270 living square feet, and sits on an approximately 8,090 square foot lot. 1315 N Orange Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,615,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 136.61% higher than the current median priced home. Local homes that are currently for sale include 5570 W 1st St, 108 S Detroit St and 454 N Genesee Ave. While the average home in Los Angeles, CA is selling in 106 days, 1315 N Orange Dr has a days on market of 346 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1315 N Orange Dr Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1315 N Orange Dr

Public county record property details

Beds: 10
Baths: 8
Year built: 1949
Sq. Ft.: 5,270
Lot Size: 8,090
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 40
APN: 5548-023-018

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,099,000

Median List Price/Sq.Ft.

$695

Median Sold Price

$1,015,000

Median Sold Price/Sq.Ft.

$728

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1315 N Orange Dr

Nearby Homes for Sale

1252 N Mansfield Ave, Los Angeles, CA 90038

Recently Sold Homes Near 1315 N Orange Dr

7011 Fountain Ave, Los Angeles, CA 90028

$1,965,000 Last Sold Price

3 Beds

3 Baths

3319 Sq.Ft.

7011 Fountain Ave
Los Angeles, CA 90028

1320 N Sycamore Ave, Los Angeles, CA 90028

$16,250,000 Last Sold Price

51 Beds

54 Baths

32664 Sq.Ft.

1320 N Sycamore Ave
Los Angeles, CA 90028

$1,150,000 Last Sold Price

8 Beds

4 Baths

2148 Sq.Ft.

1237 N Orange Dr
Los Angeles, CA 90038

1332 N Sycamore Ave, Los Angeles, CA 90028

$2,095,000 Last Sold Price

8 Beds

7 Baths

4967 Sq.Ft.

1332 N Sycamore Ave
Los Angeles, CA 90028

Related Resources to 1315 N Orange Dr

New Listings in 90028

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.