537 N Orange Dr | Los Angeles, CA 90036

SALE PRICE: $5,365,000

PRICE/UNIT: $536K          PRICE/SF: $875                  GRM: 16                 CAP RATE: 4.05%             

TRANSACTION HIGHLIGHTS

• NON RENT CONTROL Property has received a Certificate of Exemption permanently exempting each unit from RSO (Rent Stabilization Ordnance)

• TEN Luxurious Bungalow Style Units Consisting of 18/18 + Loft Units

• EXTENSIVELY remodeled units containing hardwood floors, new kitchen appliances, in unit washer/dryer and central AC

• RARELY traded Prime Hancock Park Location

• RENTS 95% up to market to hedge against CA Rent Control

• SOLD at 98% of List Price - Michael Monempour represented the buyer in the transaction