Seller's Agent in 2023
Nicholas Petrosian
RE/MAX
(949) 607-7096
5 in this area
49 Total Sales
12
Beds
6
Baths
4,568
Sq Ft
7,210
Sq Ft Lot
About This Home
As of January 20236237 Orchard Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all two-bedroom units with 6 securitized open parking spaces on 7,210 square feet of prime Southern California land. Some features and improvements include newer windows, upgraded electrical panel and built-in wall AC's for each unit. There is approximately 25% upside in the rental income not including the 02/01/2023 effective rents which increase the rental income by 6.3%. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01462598 Listed on: 12/12/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 7,210 Sq Ft Lot
Parking
- 6 Parking Spaces
Home Design
- 4,568 Sq Ft Home
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 6318-021-009
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2023 01/12/23 | Sold | $1,510,000 | -4.7% | $331 / Sq Ft |
| 12/30/2022 12/30/22 | Pending | -- | -- | -- |
| 12/12/2022 12/12/22 | For Sale | $1,585,000 | -- | $347 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,721 | $1,571,004 | $322,524 | $1,248,480 |
| 2024 | $24,721 | $1,540,200 | $316,200 | $1,224,000 |
| 2023 | $3,652 | $99,615 | $21,881 | $77,734 |
| 2022 | $3,569 | $97,662 | $21,452 | $76,210 |
| 2021 | $3,509 | $95,748 | $21,032 | $74,716 |
| 2019 | $3,438 | $92,909 | $20,409 | $72,500 |
| 2018 | $3,287 | $91,088 | $20,009 | $71,079 |
| 2016 | $3,113 | $87,553 | $19,233 | $68,320 |
| 2015 | $3,074 | $86,239 | $18,945 | $67,294 |
| 2014 | $3,093 | $84,550 | $18,574 | $65,976 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Petrosian
-
Avinash Narang
Buyer's Agent in 2023
Avinash Narang
BRC Advisors BH
(818) 288-0697
1 in this area
52 Total Sales
Map
Source: The MLS
MLS Number: 22-224559
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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.
Information is deemed reliable but not guaranteed.
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