9 months on rocket

1903 Orchid Ave, Los Angeles, CA, 90068

$12,250,000

18 Bedrooms
13 Baths
10,573 SqFt
$1,159/SqFt
House

Location

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Property Highlights

Home TypeOther
ParkingDoor-Single, Garage, Side By Side, Uncovered
Year Built1929
FireplaceLiving Room
ViewCity Lights, Hills
MLS #24357281
Lot Size0.35 Acres
StatusActive

About 1903 Orchid Ave

*** 3rd price reduction - $650,000 from originally listed price *** Welcome to Las Orquideas, a historic Andalusian garden village built in 1929 by Wilfred Buckland, and immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon. Las Orquideas perfectly retains that signature glamour of Hollywood's Golden Age while offering modern and luxurious amenities of a new construction property. Perched in the foothills of the Hollywood Hills, this compound has five villa-like structures consisting of nine units and a flex space. This whimsical complex was designed in the early days of Hollywood's Golden Era by Wilfred Buckland, Cecil B. DeMille's frequent art director. Buckland, the original owner, developed the property as a replica of a Spanish hill town with ascending walkways, connecting gardens, and intimate plazas. An abundance of lush mature landscaping lines the stone walkways. Each villa-like structure is covered in coral-colored stucco and features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, and stained glass. Lofty ceiling heights and oversized windows bring in much natural light. A remodel of each unit was completed several years ago with strict attention to retaining each unit's strict authentic integrity and character. Modern updates include custom cabinetry, stainless steel appliances, and an in-unit washer and dryer. Several units feature private patios or balconies overlooking Hollywood Blvd. and the city. Las Orquideas is a Mills Act property with a financial incentive for historic preservation, offering property tax savings for owners who invest in rehabilitating historic buildings. Las Orquideas is part of the Golden Era Collection, four impeccably restored multifamily complexes in Los Angeles.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1929
  • Stories: 2
  • Living Area: 10,573 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Kenny Stevens

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer
  • Flooring Type: Tile, Wood
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 18

Exterior Features

Exterior Information:

  • View: City Lights, Hills

Parking Information:

  • Parking: Door-Single, Garage, Side By Side, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.35 Acres

Other

Directions Information:

  • Directions: Just north of the iconic Magic Castle, and two blocks from Hollywood Blvd. & Highland Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $12,250,000
  • Price Per SqFt: $1,159/SqFt

Tax Information:

  • Annual Amount: $39,191
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1903 Orchid Ave vs Los Angeles

278 DAYS ON ROCKET

+240 Days

$12,250,000

+$11.2M More

$1,159/SqFt

+$518 More

KEY TAKEAWAY

This property is $11.2M more than the Median Sold Price and $518/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24357281

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Kenny Stevens

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 28, 2020Home Sold
$12,500,000
Dec 06, 2000Home Sold
$1,750,000

Tax History

YEARPROP. TAXASSESSMENT
2021$39,191$3,230,271
2020$14,114$3,197,150
2019$14,277$1,104,000
2018$14,245$1,104,000
2017$14,245$1,104,000

History based on county public records data.

Payment Calculator

$61.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$36.7K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-424407
4
/10
  • Gardner Street Elementary

  • 7450 Hawthorn Ave

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-424408
5
/10
  • Cheremoya Avenue School

  • 6017 Franklin Ave

  • 1.13 miles

  • Public District Grades PK-6

school-card-donut-424409
5
/10
  • Vine Street Elementary

  • 955 Vine St

  • 1.40 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $80,510. Residents of Los Angeles, CA typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1903 Orchid Ave

What is the listing price of this property?

The listing price of 1903 Orchid Ave property is $12,250,000.

What type of property is this?

The property 1903 Orchid Ave is a house located in Los Angeles, California, 90068.

Is this property for sale now?

Active Listing: 1903 Orchid Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $39,191 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 28, 2020 for $12,500,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1903 Orchid Ave has 18 bedrooms and 13 bathrooms.

What is the square footage of this property?

The property 1903 Orchid Ave is 10,573 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1903 Orchid Ave is 1929.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900681903 Orchid Ave

This home is located at 1903 Orchid Ave in Los Angeles, CA and zip code 90068 in the Central LA neighborhood. This 10,573 square foot home, which was built in 1929, sits on a 0.35 acre lot. Features: 18 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since February 12, 2024 and is currently priced at $12,250,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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