NOT LISTED FOR SALE

1411 Orchard Ave Los Angeles, CA 90006

Pico-Union Neighborhood
9 Beds
5 Baths
4,337 Sq Ft
6,623 Sq Ft Lot

Last Sold September 26, 2022

Last sale price $1,600,000 $369 Per Sq Ft

14 Days on Market

About This Home

As of September 2022

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.

Last Agent to Sell the Property

Archie Robb

Keller Williams Realty La Canada Flintridge License #02002291 Listed on: 07/14/2022

Keller Williams Realty La Canada Flintridge

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

Archie Robb

Keller Williams Realty La Canada Flintridge License #02002291 Listed on: 07/14/2022

Keller Williams Realty La Canada Flintridge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,623 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 4,337 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5056-003-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4337
  • Lot Acreage: 0.1520
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 380.45

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 47.19
  • Assessed Improvement Value: 191329
  • Assessed Land Percent: 52.81
  • Assessed Land Value: 214077
  • Total Assessed Value: 405406
  • Assessor Parcel Number: 5056-003-009
  • Lot Size Area: 6623

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.87
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 34445
  • Type Of Units: Residential
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $1,600,000 -3.0% $369 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $1,650,000 -- $380 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Archie Robb

    Seller's Agent in 2022

    Archie Robb

    Keller Williams Realty La Canada Flintridge

    (213) 239-3392

    1 in this area

    38 Total Sales

    Section Image
  • Rich Johns

    Seller Co-Listing Agent in 2022

    Rich Johns

    KW Commercial Studio City

    (818) 432-1575

    1 in this area

    33 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 22-178991

The MLS

California Los Angeles County Los Angeles 90006 Pico-Union

1411 Orchard Ave, Los Angeles, CA

This home is located at 1411 Orchard Ave, Los Angeles, CA 90006 since 14 July 2022. This property was built in 1924. 1411 Orchard Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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