1901 Orchid Avenue

    Los Angeles (City), CA 90068
    • $14,975,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 19499986
    Price Reduced
    UPDATED: 235 min ago
    $14,975,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,573
      SQFT
    • $1,416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Las Orquideas, a 9-unit Spanish Revival Village by Architect Wilfred Buckland, 1929. Howell + Padgett, Restoration, 2019. Nestled in the Hollywood foothills, like the Andalusian hill towns that inspired it, Las Orquideas is a collection of 5 villa-like structures housing nine unique residences and 1 flex space. Buckland, Cecil B. DeMille's art director and the original owner, designed the property for himself as a replica of a Spanish hill town, with ascending walkways, connecting gardens, and intimate plazas. The entire complex has been immaculately restored. If there was ever a pride of ownership asset, Las Orquideas is it. The 9-residence compound offers the style, character and rich details of a landmark historic property with the modern amenities of new construction. This Mills Act building can be delivered fully vacant, providing endless opportunity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T00:38:50.49. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/97954545

    1901 Orchid Avenue Los Angeles (City), CA 90068

    • Price: $14,975,000
    • Status: Active
    • Updated: 235 min ago
    • ID#: 19499986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    10,573
    SQFT
    $1,416
    $/SQFT
    1929
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Las Orquideas, a 9-unit Spanish Revival Village by Architect Wilfred Buckland, 1929. Howell + Padgett, Restoration, 2019. Nestled in the Hollywood foothills, like the Andalusian hill towns that inspired it, Las Orquideas is a collection of 5 villa-like structures housing nine unique residences and 1 flex space. Buckland, Cecil B. DeMille's art director and the original owner, designed the property for himself as a replica of a Spanish hill town, with ascending walkways, connecting gardens, and intimate plazas. The entire complex has been immaculately restored. If there was ever a pride of ownership asset, Las Orquideas is it. The 9-residence compound offers the style, character and rich details of a landmark historic property with the modern amenities of new construction. This Mills Act building can be delivered fully vacant, providing endless opportunity.
    Exterior Features

    Architectural Style Spanish Lot Size Source Assessor Lot Size Units Square Feet Parking Features GuestGarage Parking YN Yes Roof Tile View Landmark View YN Yes

    Interior Features

    Appliances DisposalRefrigeratorDishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 4.59 Gross Multiplier 20.42 Gross Operating Income 733200.00 Laundry YN Yes Net Operating Income 687200.00 Property Condition Updated/Remodeled Security Features Gated CommunityCard/Code Access Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 46000.00 Zoning Lar2

    Listing provided courtesy of Barry Gray of Deasypennerpodley and Mike Deasy of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T00:38:50.49. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604