2416 W 7Th St Los Angeles, CA 90057

$3,215,000 Sold Price as of 04/23/2018

-- Beds
-- Baths
10,918 Sq.Ft.

Off Market

$3,215,000 Sold Price as of 04/23/2018 Refinance Your Mortgage

Map preview of 2416 W 7Th St, Los Angeles, CA 90057

Property Overview: 2416 W 7Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 10,918 living square feet and 6,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2416 W 7Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2416 W 7Th St

Last sold for $3,215,000 on April 23rd, 2018

April, 2018
Apr 23, 2018

Date

Sold

CRMLS: 18304886

$3,215,000

Price
Mar 27, 2018

Date

Pending

CRMLS: 18304886

$3,995,000

Price
Mar 5, 2018

Date

Price Change

CRMLS: 18304886

$3,995,000

Price
Jan 19, 2018

Date

Active

CRMLS: 18304886

$2,995,000

Price
Listing provided courtesy of CRMLS

Unique opportunity to acquire a mixed-use trophy property that will be delivered completely vacant at closing. Overlooking MacArthur Park, this charming 3-story mixed-use building is perfect for an owner/user or investor. The 12,436 square foot building has been used as Retail, Office and Residential Lofts. The possibilities and potential for this property are endless. The 3rd floor consists of residential lofts/creative office space, which feature 18'-foot high wood-beamed ceilings, Juliet balcony, exposed brick walls and beautiful hardwood floors. You can lease out or run a business from one of the two retail storefronts on the 1st floor. The second story mezzanine would be perfect for offices or storage. Other amenities include an entrance lobby, elevator, 1,700 sq. ft. gated carport parking, storage and large truck-high loading dock with roll-up door. The Property is perfectly situated in the rapidly gentrifying MacArthur Park area located between DTLA and Korea Town.

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April, 2018
Apr 23, 2018

Date

Sold (Public Records)

Public Records

$3,215,000

Price
September, 2017
Sep 2, 2017

Date

Expired

CRMLS: 17241148

$3,500

Price
Jun 13, 2017

Date

Active

CRMLS: 17241148

$3,500

Price
Listing provided courtesy of CRMLS

Beautiful 2500 square foot live/work loft, across the street from MacArthur Park. 2nd floor of 1925 Spanish building. Large window overlooking the park. One bedroom plus huge walk-in closet. Nice wood floors, 12 foot ceilings. Brand new kitchen and bathroom with washer/dryer hook ups. Roof access. The unit is not quite finished yet, please excuse the photos!

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August, 2015
Aug 24, 2015

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2416 W 7Th St

Assessed Value (2020): $3,344,886

Year	Land Value	Improved Value	Assessed Value
2020	$2,705,040	$639,846	$3,344,886

About 2416 W 7Th St

Detailed summary of property

2416 W 7Th St is categorized with a use code of Store/Office (Mixed Use) in Los Angeles, CA 90057 and last sold on April 23, 2018 for $3,215,000. This property has -- bedrooms, -- bathrooms, roughly 10,918 living square feet, and sits on an approximately 6,999 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 187.05% higher than the current median priced home. 2416 W 7Th St was last sold on April 23, 2018 for $3,215,000. Local nearby listings include 421 S La Fayette Park Pl #709, 421 S La Fayette Park Pl #401 and 940 Elden Ave #402. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 2416 W 7Th St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2416 W 7Th St

Public county record property details

Beds: --
Baths: --
Year built: 1925
Sq. Ft.: 10,918
Lot Size: 6,999
Stories: 1

Type: Store/Office (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5141-015-001

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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