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$ 2,500,000
Est. payment /mo
Active Under Contract
2632 2640 7th AVE Los Angeles, CA 90018
6 Beds
8 Baths
5,080 SqFt
UPDATED:
12/05/2024 05:31 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,080 sqft
Price per Sqft $492
MLS Listing ID 24453399
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
Listed by Douglas Steinriede • Dover Management Corp.