8637 Orchard Avenue, Los Angeles, California 90044, Los Angeles, 90044 - 3 bed, 1 bath
CLOSED$589,000
8637 Orchard Avenue, Los Angeles, California 90044
3Beds
1Bath
1,084Sqft
6,008Lot
Year Built
1920
Close
$589K
List price
$589K
Original List price
$679K
Price/Sqft
$543
HOA
-
Days on market
77 Days
Sold On
2025-11-21
MLS number
IV25200218
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,6 Pros. Rank: price - $589.0K(23th), sqft - 1084(28th), beds - 3(50th), baths - 1(38th).
INVESTORS AND DEVELOPERS****Zoned RD2, SB8 cleared. plans for a duplex and SFR is being worked on and should be submitted within the next 10 days. Demo permit issued.
Nearby schools
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.1mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.1mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•0.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•0.9mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•0.9mi
5/10
Woodcrest Elementary School
Public,•K-5•1.6mi
5/10
Figueroa Street Elementary School
Public,•K-5•1.7mi
3/10
West Athens Elementary School
Public,•K-5•2.4mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.4mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•0.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.6mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.3mi
9/10
Middle College High School
Public,•9-12•3.2mi
Price History
Date
Event
Price
09/13/25
Price Change
$589,000-13.3%
09/05/25
Listing
$679,000
06/20/25
Sold
$510,000
Condition Rating
Tear down
The property was built in 1920 and appears to be in a state of severe disrepair, as evidenced by the image showing an unkempt exterior and yard, and what looks like an old, neglected structure. The MLS description explicitly states that a 'Demo permit issued' and 'plans for a duplex and SFR is being worked on,' indicating the existing structure is intended for demolition. The property's value is clearly based on the land and its development potential (RD2 zoning, SB8 cleared), not the current unlivable dwelling.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Development Ready: Zoned RD2 with SB8 clearance, an issued demo permit, and active plans for a duplex and SFR, making it highly attractive for developers and investors.
Generous Lot Size: A substantial 6,008 sqft lot provides ample space for the planned multi-unit development, maximizing potential returns on investment.
Prime Los Angeles Location: Situated in a high-demand Los Angeles market (90044), offering strong potential for resale value and rental income post-development.
Strong Appreciation Trend: The property sold for $589,000, a notable increase from its previous sale of $510,000, indicating robust market demand and investment growth.
Excellent School Proximity: Located near several well-rated schools, including Danny J. Bakewell, Sr., Primary Center (0.05 miles) and highly-rated elementary schools, enhancing its appeal for future residents.
Cons
Advanced Age of Existing Structure: Built in 1920, the current 1084 sqft structure is very old and likely requires complete demolition or extensive renovation, adding to initial project costs.
Outdated & Small Current Dwelling: The existing 3-bed, 1-bath layout is small and functionally outdated, offering little value as a standalone residence and reinforcing its primary use as a development site.
Initial Market Resistance: The property experienced a significant price reduction from $679,000 to $589,000 before selling, suggesting initial overpricing or market hesitation regarding its value as-is.