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1411 Orchard Avenue

Los Angeles, CA 90006
4337 sqft | 9 beds | 2 baths | #22178991
Courtesy of Keller Williams Studio City
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Description

KW Commercial, as exclusive listing agents are pleased to present 1411 Orchard Avenue, a 5-unit property with stamped Ready to Issue (RTI) plans for three more units located in the Koreatown adjacent Pico-Union submarket. Built in 1924, the main structure features (2) 3 Bedroom / 1 Bathroom units, (1) 1 Bedroom / 1 Bathroom unit and (1) Studio unit. Behind the main structure sits a detached house with 2 Bedrooms / 1 Bathroom. One of the 3 Bedroom units, and the 2 Bedroom House were fully renovated in 2021, and come equipped with beautiful laminate wood floors, stainless steel appliances, new windows,new wall A/C and heating units, and new bathroom vanities. The property is highlighted by the upside opportunity immediately available as there are THREE Accessory Dwelling Units (ADU) that are RTI providing an amazing and immediate value-add opportunity. Two of the ADUs are garage conversions and one unit in the main structure is a non-conforming 1 Bedroom/ 1 Bathroom with RTI plans to be permitted, this unit will be delivered vacant at the close of escrow.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:9
      • Bathrooms:2
  • Property Details
    • Property
      • Stories:2
    • Measurements
      • Acres:0.152
      • Square Feet:4337
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1924
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 650, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:22178991

Location

Dina ClemonsReal Estate Group
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