1775 N Orange Dr | 43-Unit Historic Apartment-Hotel in the Hollywood Foothills. Built in 1925 on a 15,751 SF LAR4 lot with 36,098 SF of improvements, this landmark asset is designated a Historic-Cultural Monument and benefits from Mills Act property tax incentives. The property features a unit mix of (36) studios and (7) 1-bed/1-bath units and operates under permitted legacy apartment-hotel use, offering stabilized income with operational flexibility. This property can be purchased with the two adjacent buildings for a total of $26.1M. 1769 N Orange Dr and 7000 Franklin Ave.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 43
- Full Bathrooms: 2
Heating and Cooling
- Cooling Features: Wall/Window
- Heating Features: Wall
Land Info
- Lot Size Acres: 0.3617
- Lot Size Dimensions: 75x210
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 15756
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 43
- Unit Type: Mixed
- Bedrooms in Unit-1: 0
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Unit 1 Total Actual Rent: 75600
- Unit 2 Total Actual Rent: 18550
Rental Info
- Gross Income: 1004473
- Gross Scheduled Income: 1032076
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6.04
- Directions: On the corner of N Orange Dr and Franklin Ave
- Source Property Type: Residential Income
- Area: Hollywood
- Source Neighborhood: Hollywood
- Parcel Number: 5548-003-014
- Zoning: LAR4
Commercial Info
- Net Operating Income: 739515
- Operating Expense: 264958
Building and Construction
- Total Square Feet Living: 36098
- Year Built: 1925
- Levels: Multi Levels
- Living Area Source: Vendor Enhanced
- Property Age: 101
- Levels or Stories: 0
- Year Built Source: Vendor Enhanced
Accessibility Features
Home Features
- Other Equipment: Microwave