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2656 E 7Th St, Los Angeles, CA 90023
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2656 E 7Th St Los Angeles, CA 90023

$950,000 Sold Price as of 09/27/2024
  • 8 Beds
  • 6 Baths
  • 2,767 Sq.Ft.
Sold
$950,000 Sold Price as of 09/27/2024 Refinance Your Mortgage
Map preview of 2656 E 7Th St, Los Angeles, CA 90023

Property Overview: 2656 E 7Th St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 2,767 living square feet and 6,726 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Discover the charm of this exceptional duplex located at 2656 E 7th St in the heart of East Los Angeles. Nestled on the iconic 7th Street, this property boasts breathtaking views of Salesian High School and Downtown Los Angeles, offering an unmatched blend of comfort, convenience, and modern living. Perfect for families and investors alike, this duplex features two homes on one lot, with the back unit just built in 2014, ensuring contemporary amenities and design. Spanning an expansive 2,767 square feet, this property offers a spacious layout with 7 bedrooms and 6 baths, providing ample room for family and guests. Modern upgrades, including new copper plumbing, promise durability and peace of mind for years to come. Move-in ready with new interior paint and stylish vinyl flooring throughout, this home is ready for you to make it your own. Unwind on your porch after a long day and soak in the stunning views of Downtown LA. Parking is a breeze with a large two-door garage and the convenience of a double driveway, offering access from both Mott Street and 7th Street. Located in the vibrant community of East Los Angeles, this property provides easy access to local amenities, schools, and transportation. Enjoy the cultural and entertainment hubs of DTLA just a short distance away, while still relishing the peace and charm of a residential neighborhood. Don't miss out on this rare opportunity to own a versatile and modern duplex in one of LA’s most sought-after locations. Both units are vacant, making it an ideal option for immediate occupancy or rental investment. Whether you're seeking a new home for your family or a promising investment, 2656 E 7th St is the perfect choice.

Listed by ROBERT SORIANO | BRE #02026298 | EXCELLENCE RE REAL ESTATE
Last checked: 8 minutes ago | Last updated: September 28th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
6,726
HOA Dues
$0/mo
Year built
1921
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
MB24155946
City
Los Angeles
County
Los Angeles
Time on Site
60 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: --
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: --
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $8,000
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $1,000
  • Other Income Description: Studio Rental $1,000
  • Improvements Total: $400,000
Annual Expense Breakdown
  • Total Operating Expense: $2,500
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,000
  • Water/Sewer: $0

Property Details for 2656 E 7Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Common Area, Outside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • All Bedrooms Down, Attic, Basement, Bonus Room, Den, Family Room, Foyer, Kitchen, Laundry, Living Room, Office, Recreation
Interior Features
  • Pantry, Storage
  • Levels: One, Two
Exterior Features
Exterior Information
  • Has Fence
  • Average Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5189013005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North on Soto St, Right on 7th upthe hill, right hand side.
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2656 E 7Th St

Last sold for $950,000 on September 27th, 2024

  • September, 2024

  • Sep 27, 2024

    Date

    Sold

    CRMLS: MB24155946

    $950,000

    Price

  • Aug 1, 2024

    Date

    Active

    CRMLS: MB24155946

    $970,000

    Price

  • July, 2024

  • Jul 11, 2024

    Date

    Expired

    CRMLS: DW24023798

    $875,000

    Price

  • Feb 6, 2024

    Date

    Active

    CRMLS: DW24023798

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing a promising investment opportunity in Los Angeles, this duplex offers a profitable rental potential, awaiting the touch of a skilled visionary! Although in need of some renovations and improvements, this duplex presents an ideal canvas for an investor with an eye for transforming diamonds in the rough. With the right upgrades, this property has the potential to become a highly desirable living space, attracting tenants seeking modern amenities and comfort

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Tax History for 2656 E 7Th St

Assessed Value (2020): $600,923
Year Land Value Improved Value Assessed Value
2020 $215,802 $385,121 $600,923

Home Value Compared to the Market

This property vs the competition

2656 E 7Th St sold on September 27, 2024 for 13.39% lower 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 $350.56 per/sqft which puts the price per square foot 51.58% lower than the current median sale per square foot for the city of Los Angeles.

About 2656 E 7Th St

Detailed summary of property

2656 E 7Th St is a duplex that recently sold in Los Angeles, CA 90023. This duplex offered 8 bedrooms, 6 bathrooms, roughly 2,767 living square feet, and sits on an approximately 6,726 square foot lot. 2656 E 7Th St was first listed on ArdentRealEstateGroup.com on July 30, 2024. The homeowner sold the property for $950,000. 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 13.39% lower than the current median priced home. Local homes that are currently for sale include 531 Brittania St, 3026 Folsom St and 673 N Boyle Ave. While the average home in Los Angeles, CA is selling in 106 days, 2656 E 7Th St has a days on market of 16 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 2656 E 7Th St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2656 E 7Th St

Public county record property details
Beds
7
Baths
4
Year built
1921
Sq. Ft.
2,375
Lot Size
6,723
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
5189-013-005

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
20
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

Thinking of Selling?

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(714) 706-1823

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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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