1301 N Orange Dr, Hollywood — 3-Unit Multifamily, $1M (Jun 2025)

Updated April 28, 2026

Units: 3 · Sale price: $1,046,000 · Price per unit: $348,666 · Closed: June 2025

A 3-unit small multifamily property at 1301 N Orange Dr in Hollywood, sold June 2025 for $1,046,000 — approximately $348,666 per unit.

2025 LA multifamily transaction volume hit $6.5 to $7.9 billion across 557 deals. Institutional buyers returned in force; pricing stabilized in most submarkets.

Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.

Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.

Set against the rest of the Hollywood record, this is the smallest of the 24 Hollywood apartment buildings Michael Sterman has closed.

At $348,667 a unit it sits above the Hollywood median of $282,589, which is the ordinary pattern for a building of this size: at 3 units it is smaller than the median Hollywood closing at 19, and smaller buildings carry higher per-door pricing.

Other Hollywood closings the same year: 1820 Grace Ave (10 units, $1,775,000).

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Hollywood
• Hollywood: the neighborhood, its buildings and what they sell for
• How to Sell a Multifamily Property in Los Angeles
• Request a free evaluation of your building
• Verify this sale independently — search public records and coverage for this transaction yourself

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.