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2024 7Th Ave, Los Angeles, CA 90018
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2024 7Th Ave Los Angeles, CA 90018

$850,000 Sold Price as of 03/19/2024
  • 5 Beds
  • 5 Baths
  • 3,436 Sq.Ft.
Sold
$850,000 Sold Price as of 03/19/2024 Refinance Your Mortgage
Map preview of 2024 7Th Ave, Los Angeles, CA 90018

Property Overview: 2024 7Th Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,436 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2024 7th Avenue, a 5-unit multifamily investment opportunity located in the supply constrained 90018 zip code of Los Angeles. The property features 3,436 square feet of rentable area and is situated on a 7,500-squarefoot lot. The 5 - unit building is composed of 5 one-bedroom/one- one bathroom units. The building is well-maintained and offers on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just South of Washington, sandwiched between Crenshaw and Arlington. This prime location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 2024 7th Ave offers tenants excellent proximity to some of Los Angeles' finest amenities such as Mid-Town Crossing, Target, Little Ethiopia, the World renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Ralph's, Whole Foods Market and Sprouts. Local dining options include N/Soto, El Cholo, Roscoe's Chicken and Waffles, Katana LA and more

Listed by Chandler Rockwell | BRE #02080782 | Fred Leeds Asset Group Inc.
Last checked: 10 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23334719
City
Los Angeles
County
Los Angeles
Time on Site
171 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $5,101
  • Pro Forma/Market Rent: $9,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.49%
  • Gross Rent Multiplier: 13.07
  • Gross Scheduled Income: --
  • Net Operating Income: $35,905
  • Gross Operating Income: $61,213
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2024 7Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5060022014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 2024 7th Ave. Los Angeles, CA 90018
View more facts & features

Local Los Angeles Agent

Sale History for 2024 7Th Ave

Last sold for $850,000 on March 19th, 2024

  • March, 2024

  • Mar 19, 2024

    Date

    Sold

    CRMLS: 23334719

    $850,000

    Price

  • Nov 17, 2023

    Date

    Active

    CRMLS: 23334719

    $800,000

    Price

  • June, 2003

  • Jun 13, 2003

    Date

    Sold (Public Records)

    Public Records

    $352,500

    Price

Show More

Tax History for 2024 7Th Ave

Assessed Value (2020): $466,808
Year Land Value Improved Value Assessed Value
2020 $331,074 $135,734 $466,808

Home Value Compared to the Market

This property vs the competition

2024 7Th Ave sold on March 19, 2024 for 32.77% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $232.83 per/sqft which puts the price per square foot 69.16% lower than the current median sale per square foot for the city of Los Angeles.

About 2024 7Th Ave

Detailed summary of property

2024 7Th Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,436 living square feet, and sits on an approximately 7,500 square foot lot. 2024 7Th Ave was first listed on ArdentRealEstateGroup.com on November 27, 2023. The homeowner sold the property for $850,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.77% lower than the current median priced home. Local homes that are currently for sale include 1823 W Martin Luther King Jr Blvd, 1543 W 22nd Pl and 1266 W 35th Pl. While the average home in Los Angeles, CA is selling in 94 days, 2024 7Th Ave has a days on market of 26 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2024 7Th Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2024 7Th Ave

Public county record property details
Beds
5
Baths
5
Year built
1949
Sq. Ft.
3,436
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5060-022-014

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$684
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
53
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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