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1903 Orchid Ave, Los Angeles, CA 90068

List Price: $12,250,000On Market FlagOn market
Feb 12, 202410,573 sqft18 beds13 baths
Listed by: Kenny Stevens
License #: 01090251
Phone #: 310-968-7005
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Source:
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MLS #: 24357281

Property Description

*** 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.
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

$149,373

TurboHome Estimated Value

$11,104,100

$1,050 sqft

High Valuation
$11,659,305
$1103/sqft
Normal Valuation
$11,104,100
$1050/sqft
Low Valuation
$10,548,895
$998/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1050/sqft$11,104,100

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