Share this with your friends
+15628247399
Meridian Real Estate & Investments
1237 N Orange, Hollywood, CA 90038
- $4,750,000
- List Price
- $4,750,000
- Status
- ACTIVE
- MLS#
- BB26236594
- Year Built
- 2026
- Lot Size
- 7,212
- Acres
- 0.17
- Lot Location
- Landscaped
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
Property Description
1237 N Orange Dr is a brand-new luxury 5-unit property in the heart of Hollywood, with one unit available to be delivered vacant or leased, making it an ideal opportunity for owner occupancy! Built to a standard that stands apart from typical new construction, the property features designer finishes and fixtures, custom tilework, oversized windows, in-unit laundry and large balconies in most residences. The unit mix includes four spacious 4-bedroom residences and one impressive 3-bedroom residence. Four units are leased at market rents, providing immediate income, while the remaining unit offers an opportunity for a buyer to live on-site and utilize owner occupancy financing. Offered at $4,750,000, the property features a 5.87% pro forma cap rate and approximately $354,600 in projected annual gross income at full occupancy. Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard and Hollywood Boulevard, the property provides convenient access to major studios, entertainment employers, dining, shopping and nightlife. With premium finishes, established rental income and flexibility for owner occupancy, 1237 N Orange Dr offers a compelling opportunity to own luxury new construction in a prime Hollywood location.
Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $354,600
- Operating Expense
- 65301
Listing courtesy of Listing Agent: Lauren Cearley (lauren@myunits.com) from Listing Office: Myunits.com Inc..
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.