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2632-2640 7th Ave

Los Angeles, CA 90018
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 114 Days
  • MLS #: 24-453399
Under Contract
UPDATED: 214 min ago
$2,500,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,080
    SQFT
  • $492
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T23:43:17.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/156784352
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2632-2640 7th Ave Los Angeles, CA 90018

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 114 Days
  • Updated: 214 min ago
  • MLS #: 24-453399
6
Beds
8
Baths
0
½ Baths
0.15
Acres
5,080
SQFT
$492
$/SQFT
1941
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
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.
Exterior Features

Levels Two Lot Size Area 6602 Other Structures Other Parking Garage Driveway - ConcreteUncovered Total Parking 9

Interior Features

Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 92305 Disclosures As IsCourt Approval RequiredSubject To Other Gross Income 198948 Gross Operating Income 192980 Like Units1 12 Like Units2 4 Net Operating Income 105003.00 Number Of Buildings 2 Number Of Units 16 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 87977 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning LAR3

Listing provided courtesy of Douglas Steinriede DRE#00284936 of Dover Management Corp.: 818-843-5200.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-06T23:43:17.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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