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2608 7Th Ave, Los Angeles, CA 90018
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2608 7Th Ave Los Angeles, CA 90018

$1,426,000 Sold Price as of 07/19/2021
  • 14 Beds
  • 10 Baths
  • 3,988 Sq.Ft.
Sold
$1,426,000 Sold Price as of 07/19/2021 Refinance Your Mortgage
Map preview of 2608 7Th Ave, Los Angeles, CA 90018

Property Overview: 2608 7Th Ave Los Angeles, CA has 14 bedrooms, 10 bathrooms, 3,988 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: Great investment or owner/user fourplex in the heart of West Adams. Centrally located to many coffee shops, bars, & restaurants. Building consists of four units: (2)- two bedroom units and (2) one bedroom units. Each unit boasts of Hardwood floors, wainscoting, separate dining areas, living room, windows with plenty of natural light, & spacious kitchen. Each unit is individually metered for gas and electric. Property sits on a nice corner lot with great curb appeal. Common grass/ gardening area for tenants as well as parking options. Building updates: 2015 updated plumbing & newly Installed 4 Gang Electrical Service (4 New Meters, 4 New Sub-Panels), 2018- new roof, & 2019 new rain gutters. Act fast, this won't last! 2 Vacant units ready to show. 2 occupied units can be shown w/ accepted offer. OFFERS DUE MONDAY 5/24 12PM

Listed by Christina Graziano | BRE #02072713 | Keller Williams Beverly Hills
Last checked: 6 minutes ago | Last updated: April 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21733992
City
Los Angeles
County
Los Angeles
Time on Site
1218 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,933
  • Total Rent: $1,933
  • Pro Forma/Market Rent: $1,933
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $1,485
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2608 7Th Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room, Dining Room
Room Information
  • Flooring: Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5051001008
Location / Neighborhood
Location Information
  • Directions: Corner of Adams and 7th Ave
View more facts & features

Local Los Angeles Agent

Sale History for 2608 7Th Ave

Last sold for $1,426,000 on July 19th, 2021

  • April, 2022

  • Apr 22, 2022

    Date

    Canceled

    CRMLS: 22142921

    $1,749,000

    Price

  • Apr 4, 2022

    Date

    Active

    CRMLS: 22142921

    $1,749,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible opportunity to own this rare architectural Fourplex building located in the heart of the historic West Adams neighborhood. Great investment or Owner-user play. Centrally located to many coffee shops, bars, & restaurants. Building consists of Four large units: (2) two bedroom units and (2) one bedroom units. Each unit has two separate entrances/exits which is very desirable & uncommon. THREE (3) units to be DELIVERED VACANT at the close of escrow. Two of the units have been meticulously updated and modernized. Each unit boasts of Hardwood floors, decorative wainscoting, separate dining areas, living room, windows with plenty of natural light, & spacious kitchens. Each unit is individually metered for gas and electric. Property sits on a large 7,500 SqFt R3 zoned corner lot with immaculate curb appeal and landscaping. A separate long driveway off Adams Blvd provides more parking in addition to the detached 3-car garage and driveway off 7th Ave. Possible ADU conversion for the detached garage. Seller has preliminary plans for the ADU that can be provided as well. There is also a spacious, private and grassy common lounge/grilling area for the tenants to enjoy a work/live lifestyle and social hosting space for guests. Building updates: 2015 updated plumbing & newly Installed Electrical Service (4 New Meters, 4 New Sub-Panels), 2018 new roof, & 2019 new rain gutters. Property is located within the Jefferson Park HPOZ. Please make all offers Subject To Inspection.

  • July, 2021

  • Jul 19, 2021

    Date

    Sold

    CRMLS: 21733992

    $1,426,000

    Price

  • Jun 1, 2021

    Date

    Active Under Contract

    CRMLS: 21733992

    $1,399,000

    Price

  • May 19, 2021

    Date

    Active

    CRMLS: 21733992

    $1,399,000

    Price

  • July, 2015

  • Jul 31, 2015

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

  • September, 2005

  • Sep 20, 2005

    Date

    Sold (Public Records)

    Public Records

    $685,000

    Price

Show More

Tax History for 2608 7Th Ave

Assessed Value (2020): $865,943
Year Land Value Improved Value Assessed Value
2020 $606,161 $259,782 $865,943

Home Value Compared to the Market

This property vs the competition

2608 7Th Ave sold on July 19, 2021 for 24.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $350.8 per/sqft which puts the price per square foot 51.55% lower than the current median sale per square foot for the city of Los Angeles.

About 2608 7Th Ave

Detailed summary of property

2608 7Th Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 14 bedrooms, 10 bathrooms, roughly 3,988 living square feet, and sits on an approximately 7,500 square foot lot. 2608 7Th Ave was first listed on ArdentRealEstateGroup.com on May 19, 2021. The homeowner sold the property for $1,426,000. Home 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 24.91% higher than the current median priced home. Local homes that are currently for sale include 2546 S Bronson Ave, 2254 Crenshaw Blvd and 2204 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 2608 7Th Ave has a days on market of 8 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. For more information on this home for sale at 2608 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 2608 7Th Ave

Public county record property details
Beds
6
Baths
4
Year built
--
Sq. Ft.
3,988
Lot Size
7,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5051-001-008

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
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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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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