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Key Details
Sold Price $1,290,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Out Of Area
MLS Listing ID 240014849SD
Sold Date 09/26/24
HOA Y/N No
Year Built 1955
Lot Size 8,293 Sqft
Property Description
Prime duplex property located in the heart of Montrose, just two blocks from Honolulu Ave & Montrose Village. Featuring two detached homes with 1,832 square feet of combined living area on a large 8,295 square foot lot, 3933 Orangedale presents an exceptional opportunity for buyers, investors, and developers alike. The front house (3933 Orangedale) has 990 Sq Ft, 3 bedrooms, 1 bath, an oversized detached two-car garage, front porch, covered patio, LVP flooring throughout, and a private yard with citrus and avocado trees. The back house (3935 Orangedale) has 842 Sq Ft, 2 bedrooms, 1 bath, bonus room, large kitchen, dining area, updated LVP flooring, private garden, and abundant off-street parking. Ideal for an owner-occupant seeking a convenient lifestyle in a very desirable, walkable neighborhood near highly-ranked schools, dining, retail, amenities, and easy freeway access, while offsetting mortgage payments with consistent rental income. Perfect multi-generational living opportunity, guest house, or in-law unit set up. Mountain views seen from the property. Savvy investors may capture significant rental upside by updating both units and increasing rents to market rates. Consider converting the garage into a third unit (ADU) to truly maximize rental income. Developers take note of the zoning (LCR3YY), which may allow additional units to be built. Both units are currently occupied by long-term tenants on month-to-month leases. Please DO NOT disturb the occupants. Properties with superior locations like this don't hit the market often. Hurry before this one slips away! Owner pays water. Tenants pay all other utilities and landscaping. Both units are separately metered for gas and electric, washer/dryer hookups in both units. Both units rented month to month for $2,480 per month each ($4,960/mo total) with no recent rent increases.
Location
State CA
County Los Angeles
Zoning LCR3YY
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N Yes
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5807021014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Ararat Megerdichian • Best Loans and Homes, Inc.