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29447992
29448010

3 Locations

TA
CA CA 02060040
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$26,100,000
141 days on market
Updated 50 days ago

The Nirvana Portfolio

Details
APN 5548-003-013-15
Property Type Multifamily
Sub Type Apartment Building
Square Footage 61,033
Net Rentable (SqFt) 61,033
Units 91
Cap Rate 5.14%
Occupancy 95%
Pro-Forma Cap Rate 6.15%
Price per SqFt $428
Class A
Year Built 1925-1950
Buildings 3
Stories 4
Lot Size (SqFt) 61,033
Zoning LAR4
Parking Spaces 8 spaces
Parking Per SqFt 0.13

Multifamily | 91 Units | $286,813/unit

Marketing description

The Nirvana Portfolio is a 91-unit (100 livable units) Hollywood assemblage comprised of three adjacent assets at the base of the Hollywood Hills, offering a rare opportunity to acquire portfolio-scale vintage multifamily in one of Los Angeles’ most supply-constrained rental corridors. Each property may be acquired individually or collectively as a portfolio, providing investors with flexibility to pursue single-asset or assemblage-level strategies.

Anchored by The Nirvana (1775 N Orange Dr)—a landmark character property with restored historic design elements—the portfolio combines iconic identity with meaningful operational and repositioning upside. Spanning 61,033 SF across 44,762 SF of land, the assemblage features a studio- and one-bedroom-heavy unit mix that supports durable tenant demand and long-term income growth.

With multiple execution strategies available—including targeted renovations, unit optimization, and brand-driven repositioning—the Nirvana Portfolio presents a compelling platform for investors seeking scale, character, and upside potential in a premier Hollywood location.

Investment highlights

  • Rare Portfolio-Scale Hollywood Assemblage
    A seldom-available opportunity to acquire 91 units across three adjacent assets at the base of the Hollywood Hills—offering scale, presence, and operating efficiency in a supply-constrained submarket.

  • Iconic Vintage Identity Anchored by “The Nirvana”
    Anchored by The Nirvana (1775 N Orange Dr), a landmark character property with restored historic design elements that support differentiated tenant demand and long-term branding potential.

  • Multiple Execution Strategies to Drive NOI Growth
    Investors can pursue several paths to value creation, including unit optimization, targeted repositioning, and revenue expansion—framing the portfolio as a flexible platform for both long-term hold and value-add strategies.

  • Unit Split / Co-Living Optionality for Additional Upside
    The portfolio includes an execution path centered around unit splits/co-living configuration, providing additional upside potential without relying on a ground-up development approach.

Listing Contacts

TA
CA CA 02060040
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Zoning

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[Q]R4-1VL-CPIO OverlayQualified Multiple Residential Very Limited Height District Community Plan Implementation Overlay
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Taylor Avakian
License
CA 02060040
Brokerage Phone
9169964421
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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