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2632 7Th Ave, Los Angeles, CA 90018
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2632 7Th Ave Los Angeles, CA 90018

$2,500,000
  • -- Beds
  • -- Baths
  • 10,112 Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified
Map preview of 2632 7Th Ave, Los Angeles, CA 90018

Property Overview: 2632 7Th Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 10,112 living square feet and 13,205 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: With upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-in basis 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). 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. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID

Listed by Douglas Steinriede | BRE #00284936 | Dover Management Corp.
Last checked: 12 minutes ago | Last updated: August 28th, 2024 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
13,205
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Other
Status
Active
MLS#
24431409
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2632 7Th Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Gentle Sloping
  • Lot Size Source: Other
Property Information
  • Total # of Units: 16
  • Parcel Number: 5051001014
Location / Neighborhood
Location Information
  • Directions: 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.
View more facts & features

Local Los Angeles Agent

Sale History for 2632 7Th Ave

View property's historical transactions

  • August, 2024

  • Aug 11, 2024

    Date

    Active

    CRMLS: 24431409

    $2,500,000

    Price

Tax History for 2632 7Th Ave

Assessed Value (2020): $87,813
Year Land Value Improved Value Assessed Value
2020 $24,848 $62,965 $87,813

Home Value Compared to the Market

This property vs the competition

2632 7Th Ave is listed 108.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $247.23 per/sqft which puts the price per square foot 67.81% lower than the median price per square foot for the city of Los Angeles.

About 2632 7Th Ave

Detailed summary of property

2632 7Th Ave is a other located in Los Angeles, CA 90018 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 10,112 living square feet, and sits on an approximately 13,205 square foot lot. 2632 7Th Ave was first listed on ArdentRealEstateGroup.com on August 27, 2024. The homeowner is currently asking $2,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 108.33% higher than the median priced home. Local competing homes currently for sale include 5612 Edgemar Ave, 911 Seward St and 7021 S Vermont Ave. While the average home in Los Angeles, CA is selling in 106 days, 2632 7Th Ave has a days on market of 38 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 2632 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 2632 7Th Ave

Public county record property details
Beds
6
Baths
8
Year built
1941
Sq. Ft.
5,080
Lot Size
6,600
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5051-001-014

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
$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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