Property Details

Price $12,700,000

Year Built 1929

# of Units 9

Price P/ Unit $1,411,111

Sq. ft. 10,573 SF

Price p/ Sq. ft. $1,201

Current Cap Rate 3.56%

Proforma Cap Rate 3.85%

Lot Size 15,130

Zoning LAR2-1XL

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About the Property

Las Orquideas is 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.

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