Historic Hollywood Hills Villa Compound | 1903 Orchid Ave
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Historic Hollywood Hills Villa Compound 1903 Orchid Ave
9 Unit Block of Flats £9,665,250 (£1,073,917/Unit) 3.71% Net Initial Yield Los Angeles, CA 90068
Investment Highlights
- Historic Andalusian garden village built in 1929 by Wilfred Buckland, Cecile B. DeMille's frequent art director
- This compound, located at the base of the Hollywood Hills, has five villa-like structures consisting of nine units and a flex space
- Modern updates include custom cabinetry, stainless steel appliances, and an in-unit washer and dryer
- Immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon
- Each villa-like structure features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, & more
- Several units feature private patios or balconies overlooking Hollywood Blvd. and the city
Executive Summary
*** 3rd Price Reduction - $650,000 from original 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. Please contact Kenny Stevens & Alyson Richards for more info.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £9,665,250 | Apartment Style | Garden |
Price Per Unit | £1,073,917 | Building Class | C |
Sale Type | Investment | Lot Size | 0.35 AC |
Net Initial Yield | 3.71% | Building Size | 10,573 SF |
Gross Rent Multiplier | 21.12 | Average Occupancy | 100% |
No. Units | 9 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1929 |
Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
Price | £9,665,250 |
Price Per Unit | £1,073,917 |
Sale Type | Investment |
Net Initial Yield | 3.71% |
Gross Rent Multiplier | 21.12 |
No. Units | 9 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.35 AC |
Building Size | 10,573 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1929 |
Parking Ratio | 1.32/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer
- Bay Window
- Eat-in Kitchen
- Wooden Floors
- Stainless Steel Appliances
- Views
- Patio
- Porch
Site Amenities
- Controlled Access
- Courtyard
- Gated
- Vintage Building
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+3 | 1 | £4,923 | 1 |
3+2 | 1 | £4,841 | 1 |
2+2 | 2 | £4,773 | 1 |
2+1 | 3 | £3,864 | 1 |
1+1 | 2 | £3,239 | 1 |
Walk Score ®
Walker's Paradise (95)
PROPERTY TAXES
Parcel Number | 5549-017-018 | Total Assessment | £2,704,681 (2024) |
Land Assessment | £1,535,865 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £1,168,816 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5549-017-018
Land Assessment
£1,535,865 (2024)
Improvements Assessment
£1,168,816 (2024)
Total Assessment
£2,704,681 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R2-1, Los Angeles (Neighborhood Commercial) |
R2-1, Los Angeles (Neighborhood Commercial) |
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Historic Hollywood Hills Villa Compound | 1903 Orchid Ave
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