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.
Property Details
Price:
$2,300,000
MLS #:
25566669
Status:
Active
Baths:
0
Address:
1254 N Orange Drive
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jul 14, 2025
State:
CA
ZIP:
90038
Lot Size:
11,520 sqft / 0.26 acres (approx)
Year Built:
1957
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- Address1254 N Orange Drive Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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1254 N Orange Drive
Los Angeles, CA
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