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8714 Orchard Ave, Los Angeles, CA 90044
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8714 Orchard Ave Los Angeles, CA 90044

$715,000 Sold Price as of 07/08/2019
  • 7 Beds
  • 5 Baths
  • 2,650 Sq.Ft.
Sold
$715,000 Sold Price as of 07/08/2019 Refinance Your Mortgage
Map preview of 8714 Orchard Ave, Los Angeles, CA 90044

Property Overview: 8714 Orchard Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 2,650 living square feet and 6,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a spectacular Duplex residential income property. the main unit has been built in 2016 with laminate flooring, court countertops on kitchens and bathrooms. Newly painted. central air. new concrete slab through out all driveway. the front unit originally was built back in 1920 and has been completely renovated in 2016. great income property with high cap rate. not rent control. section 8 housing. Separate water meters, electric and gas. This is a must see property for both investors looking for high cap rate income house and family who wants to live and have income property. $45,780 current NET INCOME !!. well over 6% Cap rate property.

Listed by Amir Mafakher | BRE #02016506 | Keller Williams Coastal Proper
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
6,001
HOA Dues
$0/mo
Year built
2016
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19104952
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,672
  • Total Rent: $2,672
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,233
  • Total Rent: $2,233
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,860
  • Net Operating Income: $45,060
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,080
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $9,000
  • Trash: $0
  • Gardener: $480
  • Insurance: $1,300
  • Maintenance: $800
  • Water/Sewer: $1,500

Property Details for 8714 Orchard Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Inside, Upper Level
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Excellent Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6038016021
  • Year Built Source: See Remarks
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: take exit from I-110 to W Manchester Ave, take left to Orchard.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 8714 Orchard Ave

Last sold on October 14th, 2020

  • October, 2020

  • Oct 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2019

  • Jul 18, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2019

  • Jul 9, 2019

    Date

    Sold

    CRMLS: OC19107845

    $715,000

    Price

  • May 18, 2019

    Date

    Pending

    CRMLS: OC19107845

    $699,000

    Price

  • May 9, 2019

    Date

    Active

    CRMLS: OC19107845

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    This is a spectacular Duplex residential income property. the main unit has been built in 2016 with laminate flooring, court countertops on kitchens and bathrooms. Newly painted. central air. new concrete slab through out all driveway. the front unit originally was built back in 1920 and has been completely renovated in 2016. great income property with high cap rate. no rent control. section 8 housing. Separate water meters, electric and gas. This is a must see property for both investors looking for high cap rate income house and family who wants to live and have income property. $45,780 NET INCOME !!. well over 6% Cap rate property.

  • July, 2019

  • Jul 9, 2019

    Date

    Sold

    CRMLS: OC19104952

    $715,000

    Price

  • May 18, 2019

    Date

    Pending

    CRMLS: OC19104952

    $699,000

    Price

  • May 7, 2019

    Date

    Active

    CRMLS: OC19104952

    $699,000

    Price

  • April, 2019

  • Apr 23, 2019

    Date

    Canceled

    CRMLS: 19445954

    $750,000

    Price

  • Mar 20, 2019

    Date

    Active

    CRMLS: 19445954

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Section 8. Major price reduction. Both units have been completely renovated by seller. The unit/home in the back is newer built. Great property for investor looking for solid income. Seller is motivated. Bring all offers.

  • March, 2019

  • Mar 13, 2019

    Date

    Canceled

    CRMLS: 19424204

    $779,000

    Price

  • Feb 26, 2019

    Date

    Price Change

    CRMLS: 19424204

    $779,000

    Price

  • Jan 15, 2019

    Date

    Active

    CRMLS: 19424204

    $819,000

    Price

  • Listing provided courtesy of CRMLS

    Major price reduction. Both units completely renovated and remodeled. The unit/home in the back in newer built. Great property for investor looking for solid income. This property is section 8. Seller is motivated. Bring all offers.

  • January, 2019

  • Jan 15, 2019

    Date

    Canceled

    CRMLS: 19424178

    --

    Price

  • Listing provided courtesy of CRMLS

    Seller is very motivated. Bring all offers. Wonderful two unit property. Back unit completely new with all plans and permits in place.Great income income for investor.Section 8

  • January, 2019

  • Jan 15, 2019

    Date

    Canceled

    CRMLS: 18415248

    $849,000

    Price

  • Dec 12, 2018

    Date

    Active

    CRMLS: 18415248

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Wonderful two unit property. Back unit completely new with all plans and permits in place.Great income income for investor.Section 8

  • August, 2017

  • Aug 23, 2017

    Date

    Canceled

    CRMLS: DW17146752

    $659,000

    Price

  • Aug 22, 2017

    Date

    Price Change

    CRMLS: DW17146752

    $659,000

    Price

  • Jul 17, 2017

    Date

    Price Change

    CRMLS: DW17146752

    $649,000

    Price

  • Jul 15, 2017

    Date

    Price Change

    CRMLS: DW17146752

    $625,000

    Price

  • Jul 6, 2017

    Date

    Price Change

    CRMLS: DW17146752

    $649,000

    Price

  • Jun 28, 2017

    Date

    Active

    CRMLS: DW17146752

    $659,000

    Price

  • Listing provided courtesy of CRMLS

    FHA OK!!!. BEAUTIFUL BRAND NEW TWO UNITS BUILT In 2016.Front house 3 bedrooms and 2 baths,Rear house its a 2 story 4 bedrooms and 3 baths with garage.Both units with new kitchens, granite countertops, new windows,Laminated floors,Iron gate and much more.A MUST TO SEE.

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Tax History for 8714 Orchard Ave

Assessed Value (2020): $715,000
Year Land Value Improved Value Assessed Value
2020 $500,000 $215,000 $715,000

Home Value Compared to the Market

This property vs the competition

8714 Orchard Ave sold on July 8, 2019 for 45.13% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $263.77 per/sqft which puts the price per square foot 66.65% lower than the current median sale per square foot for the city of Los Angeles.

About 8714 Orchard Ave

Detailed summary of property

8714 Orchard Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 2,650 living square feet, and sits on an approximately 6,001 square foot lot. 8714 Orchard Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $715,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.13% lower than the current median priced home. Local homes that are currently for sale include 601 W 74th St, 1538 W 85th St and 10409 S Figueroa St. While the average home in Los Angeles, CA is selling in 100 days, 8714 Orchard Ave has a days on market of 9 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 8714 Orchard Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8714 Orchard Ave

Public county record property details
Beds
7
Baths
5
Year built
1920
Sq. Ft.
2,594
Lot Size
6,000
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
234
APN
6038-016-021

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$685,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
89
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 8714 Orchard Ave

8625 Orchard Ave, Los Angeles, CA 90044
$1,100,000 Last Sold Price
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$825,000 Last Sold Price
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$839,500 Last Sold Price
7 Beds
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8804 Orchard Ave, Los Angeles, CA 90044
$750,000 Last Sold Price
7 Beds
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8804 Orchard Ave
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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