540 N Orlando Ave, West Hollywood, CA 90048, is a 17-unit multifamily building featuring a mix of one 3-bedroom/2-bath unit,eleven 2-bedroom/2-bath units, and five 1-bedroom/1-bath units. The property offers a beautiful open courtyard space for tenants, 18 gated subterranean parking spaces, on-site laundry, and gated entrance for security. Located on a picturesque tree-lined street near Melrose Place, the building provides easy access to premier dining, shopping, and entertainment options, making it highly desirable for tenants. 3 current vacancies in the property and elgible rental increases due on February 1st. This property presents an excellent value-add investment opportunity, with an estimated 35% upside in rental income, offering significant potential for future growth.
Property Details
Property Features
Property Information:
Year Built: 1962
Stories: 2
Living Area: 15,010 SqFt
Listing Office:
Office Name: Kidder Mathews of California, Inc.
Office Phone: (858) 369-3010
Listing Agent: David Saghian
Interior Features
Interior Information:
Appliances: Dishwasher, Microwave, Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 28
Exterior Features
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Other
Directions Information:
Directions: South of Melrose, North of Beverly Blvd, East of La Cienega Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $6,800,000
Price Per SqFt: $453/SqFt
Tax Information:
Annual Amount: $23,825
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in West Hollywood, CA.
This property is $5.6M more than the Median Sold Price and $367/SqFt less than other homes in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24466199
Listing Office:
Office Name: Kidder Mathews of California, Inc.
Office Phone: (858) 369-3010
Listing Agent: David Saghian
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: 11/24/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 05, 1997
Nov 05, 1997Home Sold
$1,110,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$23,825
$1,637,425
2020
$23,098
$1,620,636
2019
$22,763
$1,588,860
2018
$22,308
$1,557,707
2017
$22,308
$1,527,165
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Rosewood Avenue Elementary
503 N Croft Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-5
9
/10
West Hollywood Elementary
970 Hammond St
Distance between this listing and this school0.99 miles
Public District Grades KG-5
8
/10
Hancock Park Elementary
408 S Fairfax Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-5
Nearby Schools
6
/10
Laurel School
925 N Hayworth Ave
Distance between this listing and this school0.70 miles
Public District Grades KG-8
8
/10
Horace Mann School
8701 Charleville Blvd
Distance between this listing and this school1.23 miles
Public District Grades KG-8
7
/10
Beverly Vista School
200 S Elm Dr
Distance between this listing and this school1.72 miles
Public District Grades KG-8
Nearby Schools
6
/10
Fairfax High School
7850 Melrose Ave
Distance between this listing and this school0.75 miles
Public District Grades 9-12
3
/10
Whitman Continuation
7795 Rosewood Ave
Distance between this listing and this school0.75 miles
Public District Grades 9-12
8
/10
Larchmont Charter
1265 N Fairfax Ave
Distance between this listing and this school1.05 miles
The neighbors living near this home have an average income of $68,218. Most West Hollywood, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 540 N Orlando Ave
What is the listing price of this property?
The listing price of 540 N Orlando Ave property is $6,800,000.
What type of property is this?
The property 540 N Orlando Ave is a house located in West Hollywood, California, 90048.
Is this property for sale now?
Active Listing: 540 N Orlando 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 $23,825 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 5, 1997 for $1,110,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 540 N Orlando Ave has 28 bedrooms and 29 bathrooms.
What is the square footage of this property?
The property 540 N Orlando Ave is 15,010 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 540 N Orlando Ave is 1962.
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This home is located at 540 N Orlando Ave in West Hollywood, CA and zip code 90048 in the Central LA neighborhood. This 15,010 square foot home, which was built in 1962, sits on a 0.26 acre lot. Features: 28 bedrooms, 29 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $6,800,000.
In October 2024 more than 2 listings in West Hollywood, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 21 were sold below. The number of homes for sale in West Hollywood, CA increased by 21.4% between September 2024 and October 2024. In October 2024, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $1,110,555.
From Rocket Homes Real Estate and based on county public records data.
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. 
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