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1254 N Orange Dr, Los Angeles, CA 90038

List Price: $2,300,000On Market FlagOn market
Jul 14, 20256,533 sqft11 beds10 baths
Listed by: Nicholas Hayner
License #: 02090908
Phone #: 310-650-9696
Maywood Property Group
Source:
CRMLS Logo
MLS #: 25566669

Property Description

Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$23,874

TurboHome Estimated Value

$1,945,800

$298 sqft

High Valuation
$2,043,090
$313/sqft
Normal Valuation
$1,945,800
$298/sqft
Low Valuation
$1,848,510
$283/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$298/sqft$1,945,800

Neighborhood: Hollywood

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Comparative Value

$1.52M

$1.99M

$2.30M

5833 Gregory Ave, Los Angeles, CA 90038

Sale Price: $1,525,000

Selected Comparable

1926 N Vista Del Mar Ave, Los Angeles, CA 90068

Sale Price: $1,985,000

Selected Comparable

1254 N Orange Dr, Los Angeles, CA 90038

List Price: $2,300,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1254 N Orange Dr, Los Angeles, CA 90038

1254 N Orange Dr, Los Angeles, CA 90038

List: $2,300,000

Listed: 7/14/2025

Area:6,533 sqft
Price/sqft:$352
Beds:11
Baths:10
Year Built:
Lot Size:11,517

Comparable Properties

COMPARABLE
Choose comps
5833 Gregory Ave, Los Angeles, CA 90038

5833 Gregory Ave, Los Angeles, CA 90038

Sale: $1,525,000

8/21/20241.15 mi

Area:6,574 sqft
Price/sqft:$232
Beds:11
Baths:10
Year Built:
Weight:52.4%
1926 N Vista Del Mar Ave, Los Angeles, CA 90068

1926 N Vista Del Mar Ave, Los Angeles, CA 90068

Sale: $1,985,000

2/28/20251.30 mi

Area:6,464 sqft
Price/sqft:$307
Beds:11
Baths:11
Year Built:
Weight:47.6%

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