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.
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“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 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 | $/sqft | Valuation |
---|---|---|
HouseCanary | $298/sqft | $1,945,800 |
Get a detailed valuation report, schedule a tour or make an offer!
“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.”
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
SUBJECT1254 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
COMPARABLEChoose comps
5833 Gregory Ave, Los Angeles, CA 90038
Sale: $1,525,000
8/21/2024 • 1.15 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
Sale: $1,985,000
2/28/2025 • 1.30 mi
Area:6,464 sqft
Price/sqft:$307
Beds:11
Baths:11
Year Built:—
Weight:47.6%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1254 N Orange Dr, Los Angeles, CA 90038 | $2,300,000 | 6,533 | $352 | 11,517 | — | 7/14/2025 | 11 | 10 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
5833 Gregory Ave, Los Angeles, CA 90038 | $1,525,000 | 6,574 | $232 | 6,502 | 1.15 mi | 8/21/2024 | 11 | 10 | — | 52.4% | |
1926 N Vista Del Mar Ave, Los Angeles, CA 90068 | $1,985,000 | 6,464 | $307 | 6,987 | 1.30 mi | 2/28/2025 | 11 | 11 | — | 47.6% |
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