$2,000,000
$2,500,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
8 Baths
5,080 SqFt
SOLD DATE : 04/30/2025
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,080 sqft
Price per Sqft $393
MLS Listing ID 24453399
Sold Date 04/30/25
Bedrooms 6
HOA Y/N No
Year Built 1941
Lot Size 6,603 Sqft
Property Description
With a 99% upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-inbasis and a low price per unit, 2632 - 2640 7th Avenue presents a valuable investment opportunity with significant potential for financial returns and long-term appreciation. Capital improvements include updated electrical (2023). The inclusion of washer and dryer hookups, and ample parking adds to the appeal for prospective tenants. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street,LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.Reach out today for more information.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Concrete, Uncovered
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5051001014
Special Listing Condition Standard
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Bought with Michael Dixon • NAI Capital, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "