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$12,250,000

Beds
18
sq ft
10,573

1903 Orchid Ave, Los Angeles, CA 90068

1903 Orchid Ave

Los Angeles, CA 90068

  • 221 days on market
    • Price drop $250,000↓
*** 3rd price reduction - $650,000 from originally 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.

Details

Property type

Est. home value

$16,196,307

Property condition

Updated/Remodeled

Lot size

0.3475 acres

Price per sq ft

$1,159

Year built

1929

HOA

No

Price History

08/20/2024
CLAW

CLAW #24357281

Price change
$12,250,000
-2%
06/28/2024
CLAW

CLAW #24357281

Price change
$12,500,000
-1.57%
02/12/2024
CLAW

CLAW #24357281

Listed
$12,700,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Capitalsouth Bank

Loan start date

May 2010

Original loan amount

$1,900,000

Est. remaining balance

Not provided

Interest rate

4.52%

Loan type

Building or Construction Loan, 15 year

Seller

Las Orchidias Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 5:40 AM

Listing updated: 08/22/2024 at 6:03 PM

Listed by: Kenny Stevens, Compass Phone #: (310) 230-5478

MLS: CLAW #24357281

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