2700 W 7Th St Los Angeles, CA 90057

$1,500,000 Sold Price as of 10/01/2019

-- Beds
-- Baths
4,953 Sq.Ft.

Off Market

$1,500,000 Sold Price as of 10/01/2019 Refinance Your Mortgage

Map preview of 2700 W 7Th St, Los Angeles, CA 90057

Property Overview: 2700 W 7Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 4,953 living square feet and 6,375 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2700 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 2700 W 7Th St

Last sold for $1,500,000 on October 1st, 2019

July, 2022
Jul 12, 2022

Date

Expired

CRMLS: 22121793

$5,600,000

Price
Jan 25, 2022

Date

Active

CRMLS: 22121793

$5,600,000

Price
Listing provided courtesy of CRMLS

Pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project islocated in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and anadditional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the primelocation for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and isin close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thoroughentitlements and will be delivered with Ready to Issue Permits (RTI).

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August, 2021
Aug 24, 2021

Date

Active

CRMLS: 21776392

$5,600,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.

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July, 2021
Jul 13, 2021

Date

Expired

CRMLS: 21680294

$5,600,000

Price
May 26, 2021

Date

Price Change

CRMLS: 21680294

$5,600,000

Price
Apr 29, 2021

Date

Active

CRMLS: 21680294

$4,950,000

Price
Jan 14, 2021

Date

Pending

CRMLS: 21680294

$4,950,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the prime location for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment.

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January, 2021
Jan 9, 2021

Date

Expired

CRMLS: 20610504

$4,950,000

Price
Jul 28, 2020

Date

Active

CRMLS: 20610504

$4,950,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the prime location for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment.

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July, 2020
Jul 9, 2020

Date

Expired

CRMLS: 20544864

$4,950,000

Price
Feb 12, 2020

Date

Price Change

CRMLS: 20544864

$4,950,000

Price
Jan 21, 2020

Date

Active

CRMLS: 20544864

$5,250,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the prime location for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment.

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October, 2019
Oct 1, 2019

Date

Sold

CRMLS: 19418260

$3,000,000

Price
Feb 12, 2019

Date

Active Under Contract

CRMLS: 19418260

$3,200,000

Price
Jan 2, 2019

Date

Active

CRMLS: 19418260

$3,200,000

Price
Listing provided courtesy of CRMLS

Listing includes 2708 W 7th St. to combine for approximately 12,749 sq. ft. of land zoned C2-2. The property has a Tier 3 TOC designation and has great development attributes of being a corner lot and having approximately 150 feet of frontage on W 7th Street. The Zoning allows for a high density development. MacArthur park is quickly gentrifying with many new developments in planning. Bordering Korea-town and very close to Downtown Los Angeles, MacArthur Park is located near many dining, entertainment and shopping options and boasts an amazing Walk Score of 95.

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October, 2019
Oct 1, 2019

Date

Sold (Public Records)

Public Records

$1,500,000

Price

Tax History for 2700 W 7Th St

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$1,500,000	--	--

About 2700 W 7Th St

Detailed summary of property

2700 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 October 1, 2019 for $1,500,000. This property has -- bedrooms, -- bathrooms, roughly 4,953 living square feet, and sits on an approximately 6,375 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 33.93% higher than the current median priced home. 2700 W 7Th St was last sold on October 1, 2019 for $1,500,000. Local nearby listings include 940 Elden Ave #402, 2121 James M Wood Blvd #404 and 991 Arapahoe St #305A. 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 2700 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 2700 W 7Th St

Public county record property details

Beds: --
Baths: --
Year built: 1923
Sq. Ft.: 4,953
Lot Size: 6,375
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: 61,62
APN: 5141-012-001

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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Call, Text or Message

(714) 706-1823

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