Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,634 sqft

Lot size

6,007 sqft

Year built

1948

Stories

0

Garage spaces

3

Style

Cottage

Pool

None

View

None

Status

Active

Days on market

47

MLS #

246320788

About this property

Major Upside & Value-add investment opportunity; this property comes with approved plans and an issued building permit for a new approx 1,024-sqft, 3-bed, 2-bath ADU above the existing garage. The permit has been issued and fees paid, allowing the new owner to move forward with construction. The project requires no change to the existing parking, hardscape or landscaping. 8719 Orchard St. currently consists of 3 one-bedroom units, with one unit vacant at close and ready for an owner-user, new tenant or renovation. Once completed, the property will offer 4 total residential units and an opportunity to increase rental income and long-term value. Adu is also perfect for an owner user. A rare chance to acquire an existing triplex with a permitted expansion opportunity already in place. Property is being sold at a lower price than the seller paid.

Location

8719 Orchard Avenue

Los Angeles, Los Angeles, CA, 90044