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Multifamily

8804 Orchard Ave

8804 Orchard Ave, Los Angeles, CA 90044

Listing Price: $750,000

Cap Rate
4.19%
Number of Units
3
Price/Unit
$250,000
Price/Gross SF
$250.84
Gross SF
2,990

Investment Overview

A 2,990 Square Foot three-unit apartment building located at 8804 Orchard Avenue Los Angeles, CA 90044 with a strong in-place cash flow and cap rate of 4.19% on current income. The building sits on a 5,727 sf lot with three parking spaces in the rear of property. Ability to build an additional 3-bedroom one bath ADU*. Additional upside in rents when units turn; over 32% rental upside with pro forma CAP rate of 6.32%. The subject property has a desirable unit mix of two-bedrooms and three-bedrooms. Walking distance to multiple metro stops on W Manchester Ave and S Vermont Ave. Located in the Vermont Vista area just off 110 FWY and Manchester Ave in Los Angeles with many nearby parks. Located one block from Manchester Ave Elementary School.

Investment Highlights

  • A 2,990 Square Foot three-unit apartment building located at 8804 Orchard Avenue Los Angeles, CA 90044 with a strong in-place cash flow and cap rate of 4.19% on current income
  • The building sits on a 5,727 sf lot with three parking spaces in the rear of property
  • Ability to build an additional 3-bedroom one bath ADU*
  • Additional upside in rents when units turn; over 32% rental upside with pro forma CAP rate of 6.32%
  • The subject property has a desirable unit mix of two-bedrooms and three-bedrooms
  • Walking distance to multiple metro stops on W Manchester Ave and S Vermont Ave
  • Located in the Vermont Vista area just off 110 FWY and Manchester Ave in Los Angeles with many nearby parks
  • Located one block from Manchester Ave Elementary School

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Multifamily

8804 Orchard Ave

Listing Price: $750,000

Cap Rate
4.19%
Number of Units
3
Price/Unit
$250,000
Price/Gross SF
$250.84
Gross SF
2,990

Investment Highlights

  • A 2,990 Square Foot three-unit apartment building located at 8804 Orchard Avenue Los Angeles, CA 90044 with a strong in-place cash flow and cap rate of 4.19% on current income
  • The building sits on a 5,727 sf lot with three parking spaces in the rear of property
  • Ability to build an additional 3-bedroom one bath ADU*
  • Additional upside in rents when units turn; over 32% rental upside with pro forma CAP rate of 6.32%
  • The subject property has a desirable unit mix of two-bedrooms and three-bedrooms
  • Walking distance to multiple metro stops on W Manchester Ave and S Vermont Ave
  • Located in the Vermont Vista area just off 110 FWY and Manchester Ave in Los Angeles with many nearby parks
  • Located one block from Manchester Ave Elementary School

Investment Overview

A 2,990 Square Foot three-unit apartment building located at 8804 Orchard Avenue Los Angeles, CA 90044 with a strong in-place cash flow and cap rate of 4.19% on current income. The building sits on a 5,727 sf lot with three parking spaces in the rear of property. Ability to build an additional 3-bedroom one bath ADU*. Additional upside in rents when units turn; over 32% rental upside with pro forma CAP rate of 6.32%. The subject property has a desirable unit mix of two-bedrooms and three-bedrooms. Walking distance to multiple metro stops on W Manchester Ave and S Vermont Ave. Located in the Vermont Vista area just off 110 FWY and Manchester Ave in Los Angeles with many nearby parks. Located one block from Manchester Ave Elementary School.

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

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