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For Sale

$749,000

2,634 sqft$284/sqft77 days on market

8719 Orchard Avenue

Los Angeles, CA 90044

· 8% down, 7% APR, 30yr fixed

3

Beds

3

Baths

2,634

Square feet

1948

Built

Listing narrative

Description

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.

Listing agent (MLS): James Ward · Listing brokerage (MLS): Forward Real Estate

Property Details

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Price

$749,000

Beds

3 bd

Type

House

Home Size

2,634 sqft

Baths

3

Lot Size

0.14 acres

Year

1948

Status

For Sale

Days on Market

77

$ / Sqft

$284

· 8% down, 7% APR, 30yr fixed
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Courtesy of Forward Real Estate