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1002 N Orlando Avenue, West Hollywood, California 90069, West Hollywood, 90069 - bed, bath

1002 N Orlando Avenue, West Hollywood, California 90069 home-pic-0
ACTIVE$3,790,000
1002 N Orlando Avenue, West Hollywood, California 90069
0Bed
0Bath
Sqft
12,267Lot
Year Built
1927
Close
-
List price
$3.79M
Original List price
$4M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25481751
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $3.79M(52th), sqft - 0(4th), beds - undefined(3th), baths - undefined(3th).

Ready to Issue! Attention developers, investors & savvy end users! Incredible opportunity to develop on an XL-12,267 sq.ft. lot on the corner of Orlando & Romaine. Designed by Avi Galili Architects, the plans being designed consist ~7,000 sq.ft. house with amenities that include an first floor office & guest room, four bedrooms upstairs, swimming pool & jacuzzi, gym, spa, movie theatre & an additional dwelling unit (ADU). Property is being sold As-Is for land value & development purposes only. Located on the most coveted street in the West Hollywood & Beverly Grove vicinity, do not miss this opportunity to develop in the upcoming high-demand luxury market.

Condition Rating
Tear down
The listing explicitly states the property is being sold 'As-Is for land value & development purposes only,' and the existing 1927 structure 'has no functional value and will require demolition.' The property's value is based solely on the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Location: Situated on a 'most coveted street' in the highly desirable West Hollywood and Beverly Grove vicinity, known for its luxury market and strong demand.
Large Corner Lot: An 'XL-12,267 sq.ft. lot' on a prominent corner (Orlando & Romaine), providing ample space for a significant luxury development and architectural presence.
Pre-Approved Development Plans: Features 'Ready to Issue' plans by Avi Galili Architects for a ~7,000 sq.ft. luxury home with extensive amenities (pool, gym, spa, movie theatre, ADU), significantly de-risking and accelerating the development timeline.
High-Value Development Potential: Explicitly marketed for developers, investors, and savvy end-users, indicating strong potential for substantial return on investment in the luxury residential market.
Desirable Views: The property offers 'City Lights' views, enhancing the appeal and potential value of a future luxury residence.

Cons

Land Value Only Sale: The property is sold 'As-Is for land value & development purposes only,' implying the existing 1927 structure has no functional value and will require demolition, adding to initial project costs.
Significant Capital Investment: The list price is for the land, requiring a substantial additional investment for the construction of a ~7,000 sq.ft. luxury home, making it a high-capital project.
Market Risk for Luxury Development: While in a prime location, the success and profitability of a multi-million dollar luxury development are subject to market conditions and buyer demand at the time of completion.

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