8719 Orchard Avenue, Los Angeles, CA 90044
List Price: $749K
Listing Status: Active
0Days on Market: 0
3 Bedrooms · 3 Bathrooms · 2,634 sq ft
Property Type: ResidentialIncome
Year Built: 1948
Lot Size: 6,007 sq ft
Garage Spaces: 3
Private Pool: Yes
MLS Number: 26867757
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.
Listing provided by: James Ward DRE #00989094 424-356-5222 james@optimumteam.net, Forward Real Estate
Source: CRMLS, MLS #: 26867757
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.