The Nirvana Portfolio

Property Overview

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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. 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 1-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.

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Key Property Details

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• Portfolio: Nirvana Portfolio (3-Asset Assemblage)
• Addresses: 1769 N Orange Dr, 1775 N Orange Dr, 7000 Franklin Ave | Los Angeles, CA 90028
• Total Units: 91 Units
• Unit Mix: 70 Studios | 18 (1 Bed / 1 Bath) | 12 Split Studios (100 Livable Units)
• List Price: $26,100,000
• Building Size: 61,033 SF
• Lot Size: 44,762 SF
• Year Built:  (1925 / 1949 / 1950)
• Zoning: LAR4

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Investment Highlights

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• 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.

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Neighborhood and Accessibility

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Located at the base of the Hollywood Hills, the Nirvana Portfolio benefits from strong, lifestyle-driven rental demand with proximity to major Hollywood anchors, employment centers, and everyday amenities. The assemblage is positioned for connectivity across Hollywood, West Hollywood, and Central Los Angeles—supporting long-term tenant demand and durable cash flow.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl