2501 W 7th St Los Angeles, CA 90057

$4,500,000 Sold Price as of 12/04/2018

-- Beds
-- Baths
14,880 Sq.Ft.

Off Market

$4,500,000 Sold Price as of 12/04/2018 Refinance Your Mortgage

Map preview of 2501 W 7th St, Los Angeles, CA 90057

Property Overview: 2501 W 7th St Los Angeles, CA has -- bedrooms, -- bathrooms, 14,880 living square feet and 7,925 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2501 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 2501 W 7th St

Last sold for $4,500,000 on December 4th, 2018

December, 2018
Dec 4, 2018

Date

Sold (Public Records)

Public Records

$4,500,000

Price
November, 2018
Nov 30, 2018

Date

Sold

CRMLS: SR18097513

$4,500,000

Price
Aug 21, 2018

Date

Pending

CRMLS: SR18097513

$4,650,000

Price
Jun 21, 2018

Date

Price Change

CRMLS: SR18097513

$4,650,000

Price
Apr 27, 2018

Date

Active

CRMLS: SR18097513

$4,800,000

Price
Listing provided courtesy of CRMLS

The property is a unique corner lot, C 2 zoned property overlooking MacArthur Park in downtown Los Angeles in the Westlake area. The building is of brick and stucco construction and consists of a two-stories with loft office areas in the first floor unit. The first floor of the building is demised into three units; the second floor is built-out as one unit and used as office and classrooms for the existing charter school. Public records give the building size as 14,880 SF, however, appraisal measurements give it as 16,514 SF.The first floor area is demised into 3 units each of which has a loft office area. Unit 2501 consists of two open general office areas, one private office, an electric room and a 2-fixture restroom. There are two general office areas and two 2-fixture restrooms in the loft area. Unit 2503 consists of a general office area, a private office, a storage room, a janitor’s room, an electric room, and one 2-fixture restroom. There are three private offices and three 2-fixture restrooms in the loft area. Unit 2511 consists of two general office areas and one 2-fixture restroom in the first floor and one general office area and one storage room in the loft area. The second floor consists of six general office areas, one private office, kitchen, a copy room/filing area, an electric room, two storage room, an IT room, and four 2-fixture restrooms. Besides street parking daily and monthly parking available at 2404 Wilshire Blvd & 6756 Park View St. Call for details.

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April, 1998
Apr 23, 1998

Date

Sold (Public Records)

Public Records

$800,000

Price

Tax History for 2501 W 7th St

Assessed Value (2020): $4,590,000

Year	Land Value	Improved Value	Assessed Value
2020	$3,060,000	$1,530,000	$4,590,000

About 2501 W 7th St

Detailed summary of property

2501 W 7th St is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Los Angeles, CA 90057 and last sold on December 4, 2018 for $4,500,000. This property has -- bedrooms, -- bathrooms, roughly 14,880 living square feet, and sits on an approximately 7,925 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 301.79% higher than the current median priced home. 2501 W 7th St was last sold on December 4, 2018 for $4,500,000. Local nearby listings include 421 S La Fayette Park Pl #401, 991 Arapahoe St #305A 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 2501 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 2501 W 7th St

Public county record property details

Beds: --
Baths: --
Year built: 1924
Sq. Ft.: 14,880
Lot Size: 7,925
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5141-007-014

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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