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8714-8716 Orchard Ave
Los Angeles, CA 90044

PRIME SECTION 8 INCOME PROPERTY, 8714-8716 Or · Specialty Property For Sale · 2,594 SF

PROPERTY FACTS

Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Apartments
Building Class C
Lot Size 0.14 AC
Building Size 2,594 SF
No. Stories 2
Year Built/Renovated 1920/2018
Parking Ratio 1.54/1,000 SF

ABOUT 8714-8716 ORCHARD AVE , LOS ANGELES, CA 90044

Great Property for Investor Looking for Solid Income. Section 8 Prime Income Property consisting of 2 Buildings 2,594 Sq. Ft. Duplex (2 Units, any combination) on 6,000 Sq. Ft. Lot, 7 Bedrooms, 5 Bathrooms, Zoning LARD2, 100% Occupancy, Existing MTM Tenants willing to stay or new Owner can occupy within 30 Days, 72% Improvements, Current Annual Gross Income $58,860.00, Both Units Completely Renovated by Seller 2018. 1 Story Front Unit #8714: Remodeled 3 BR and 2 BA $2,233.00/Month Income, 2 Story Back Unit #8716: Built New 4 BR and 2.5 BA $2,672/Month Income, Approximate NOI: $46,570.00 per Year, MAJOR PRICE REDUCTION!!! SELLER IS EXTREMELY MOTIVATED!!! Bring All Offers! Note: Buyer must verify all information

ZONING

Zoning Code LARD2
  • Listing ID: 15540044

  • Date on Market: 3/25/2019

  • Last Updated:

  • Address: 8714-8716 Orchard Ave, Los Angeles, CA 90044