Courtesy of: Kikuo Takahashi 01008077 | Kasumi Realty, Inc.
Purchase Type: Sale
MLS ID: SB20177816
Days On Market: 342
Year Build: 1958
Lot size: 0.239
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Has Waterfront: No
Address: 16204 S Orchard Avenue
County: Los Angeles
Neighborhood: 116 - North Gateway
Pool Features: None
*This property is ideal for a big family or 2 or 3 families together. *Remodeling will be completed with building permit (#21016-10000-14106) by the end of June 2021 from City of Los Angeles. *This property has 9 bedrooms + 6 bathrooms + large kitchen & dining area + 2 car garage + 10 car outside parking spaces + 7 refrigerators + 2 sets of washer & dryer in laundry room + Tesla installed solar system with 64 panels + 10408 sqft (Huge size lot!). *Or you can buy this property as a very good income property with net profit $108,300 and a cap rate of 8.61%. Detail: MLS Residential Income SB20177816.* *Seller will do Owner Carry, if you need, up to $200K, 3.5% 30 year amortization loan with 3 year balloon payment. “LISTING” Seller will get a Boarding House license from City of LA. To get it, Seller has to complete 3 required works; handicap toilet, entrance slope & parking space. There are 2 stages of construction for getting the “Final” Building Permit. The first stage: Construction work will be finished by the end of June 2021. The second stage: Seller has applied for the “Final” of the Boarding House Permit on 05/20/2021 at City of LA.
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