110 N Orlando Ave Los Angeles, CA 90048
4-Unit Apartment in Prime Beverly Grove
SOLD: $1,900,000 CAP RATE: 3.9% GRM: 15.38 PRICE PER SQUARE FOOT: $473
We are pleased to announce the successful closing of 110 N Orlando Avenue, a highly desirable four unit multifamily asset located in the heart of Beverly Grove. The transaction was completed in just 45 days in an off market setting, delivering privacy, certainty, and a seamless experience for both buyer and seller. David Saghian exclusively represented the seller and negotiated an efficient, well executed closing with a highly qualified buyer.
The property had been under the same ownership for 24 years, reflecting long term pride of ownership and stable operations. The seller is completing a 1031 exchange into a Delaware Statutory Trust, securing a passive, management free replacement asset. Featuring a desirable unit mix of (2) two bedroom one bath units and (2) one bedroom one bath units with large floor plans averaging approximately 1,000 square feet, the asset offers approximately 20% upside in rental income. The buyer plans to add two ADUs, creating significant future income growth and long term value appreciation. Ideally positioned just moments from The Grove, Melrose retail, and some of Los Angeles’ top dining destinations, 110 N Orlando represents a premier investment in one of the city’s most sought after rental submarkets.
Investment Highlights
Successfully closed in 45 days, demonstrating strong execution and a highly qualified buyer
Completed as an off market transaction, providing privacy and certainty for both parties
David Saghian exclusively represented the seller and negotiated a smooth, efficient closing
Property was owned for 24 years, reflecting long term pride of ownership and stable operations
Seller is completing a 1031 exchange into a DST, securing a passive, management free replacement asset
Approximately 20% upside in rental income, offering the buyer significant value add potential
Buyer plans to add two ADUs, creating future income growth and increased property value
Large units averaging approximately 1,000 square feet, well above typical size for the area
Desirable unit mix of (2) 2 bed 1 bath and (2) 1 bed 1 bath units, appealing to a wide tenant base
Located in prime Beverly Grove, just moments from The Grove, Melrose retail, and top dining destinations
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com