3040 W 7Th St Los Angeles, CA 90005

$2,650,000 Sold Price as of 02/22/2019

10 Beds
5 Baths
5,994 Sq.Ft.

Off Market

$2,650,000 Sold Price as of 02/22/2019 Refinance Your Mortgage

Map preview of 3040 W 7Th St, Los Angeles, CA 90005

Property Overview: 3040 W 7Th St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 5,994 living square feet and 7,747 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3040 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 3040 W 7Th St

Last sold for $2,650,000 on February 22nd, 2019

February, 2019
Feb 22, 2019

Date

Sold

CRMLS: 18381042

$2,650,000

Price
Dec 24, 2018

Date

Pending

CRMLS: 18381042

$2,745,000

Price
Oct 23, 2018

Date

Active Under Contract

CRMLS: 18381042

$2,745,000

Price
Oct 1, 2018

Date

Active

CRMLS: 18381042

$2,745,000

Price
Listing provided courtesy of CRMLS

LOCATION! LOCATION! THE SITE IS ZONED LAC2 WITH LAND SQUARE FOOTAGE OF 7747 SF. FIVE MINUTES WALK TO VERMONT/WILSHIRE METRO STATION. TIER 3 TRANSIT ORIENT COMMUNITIES. PROPERTY TO BE SOLD AS-IS LAND VALUE. The unit mix consists of 5(2+1). Excellent value add investment opportunity. Buyers to verify and rely on their own findings. Buyer to cooperate with seller's 1031 exchange at no cost to buyer. Do not disturb tenants on the property. **DRIVE BY ONLY**

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February, 2019
Feb 22, 2019

Date

Sold (Public Records)

Public Records

$2,650,000

Price
November, 2018
Nov 21, 2018

Date

Expired

CRMLS: 18369390

$2,450

Price
Nov 16, 2018

Date

Price Change

CRMLS: 18369390

$2,450

Price
Nov 10, 2018

Date

Active

CRMLS: 18369390

$2,250

Price
Oct 31, 2018

Date

Hold

CRMLS: 18369390

$2,250

Price
Oct 9, 2018

Date

Price Change

CRMLS: 18369390

$2,250

Price
Sep 29, 2018

Date

Price Change

CRMLS: 18369390

$2,400

Price
Sep 10, 2018

Date

Price Change

CRMLS: 18369390

$2,300

Price
Aug 30, 2018

Date

Active

CRMLS: 18369390

$2,450

Price
Aug 18, 2018

Date

Canceled

CRMLS: 18369390

$2,450

Price
Jul 26, 2018

Date

Active

CRMLS: 18369390

$2,450

Price
Listing provided courtesy of CRMLS

***Commercial Zoning. Minutes to the Vermont / Wilshire Metro Station. Spacious and bright 2 BR and 1 Bath in a 5 unit Building situated in the heart of K-Town. 2 assigned parking spaces in front of the building. Laminate wood floors. Easy access to 101 Fwy, 110 Fwy, 10 Fwy,. Public transportation, shops, restaurants, banks, schools are located within 5 minutes walking distance.

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August, 2018
Aug 18, 2018

Date

Canceled

CRMLS: 18326016

$2,695,000

Price
Aug 5, 2018

Date

Active

CRMLS: 18326016

$2,695,000

Price
Jul 26, 2018

Date

Hold

CRMLS: 18326016

$2,695,000

Price
Jul 26, 2018

Date

Active

CRMLS: 18326016

$2,695,000

Price
Jul 16, 2018

Date

Hold

CRMLS: 18326016

$2,695,000

Price
Jul 15, 2018

Date

Active

CRMLS: 18326016

$2,695,000

Price
Jul 5, 2018

Date

Hold

CRMLS: 18326016

$2,695,000

Price
Jul 5, 2018

Date

Active

CRMLS: 18326016

$2,695,000

Price
Jun 25, 2018

Date

Hold

CRMLS: 18326016

$2,695,000

Price
May 22, 2018

Date

Active

CRMLS: 18326016

$2,695,000

Price
May 8, 2018

Date

Active Under Contract

CRMLS: 18326016

$2,695,000

Price
Mar 26, 2018

Date

Price Change

CRMLS: 18326016

$2,695,000

Price
Mar 23, 2018

Date

Active

CRMLS: 18326016

$5,695,000

Price
Listing provided courtesy of CRMLS

LOCATION! LOCATION! THE SITE IS ZONED LAC2 WITH LAND SQUARE FOOTAGE OF 7747 SF. FIVE MINUTES WALK TO VERMONT/WILSHIRE METRO STATION. TIER 3 TRANSIT ORIENT COMMUNITIES. PROPERTY TO BE SOLD AS-IS LAND VALUE. ONE(1) UNIT WILL BE DELIVERED VACANT. The unit mix consists of 5(2+1). Excellent value add investment opportunity. Property is being SOLD AS-IS with no warranty or liability to seller and brokers. Buyers to verify and rely on their own findings. Buyer to cooperate with seller 1031 exchange at no cost to buyer. Please Do not disturb tenants on the property. **DRIVE BY ONLY** Interior shown with accepted offer. Offer subject to inspection.

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July, 2017
Jul 27, 2017

Date

Expired

CRMLS: 04069630

--

Price
Listing provided courtesy of CRMLS

Great location. Close to everything!! Great opportunity. Extra income from billboard. Call listing agent for more info.

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December, 2013
Dec 31, 2013

Date

Sold (Public Records)

Public Records

$1,170,000

Price

Tax History for 3040 W 7Th St

Assessed Value (2020): $1,311,443

Year	Land Value	Improved Value	Assessed Value
2020	$784,625	$526,818	$1,311,443

About 3040 W 7Th St

Detailed summary of property

3040 W 7Th St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on February 22, 2019 for $2,650,000. This property has 10 bedrooms, 5 bathrooms, roughly 5,994 living square feet, and sits on an approximately 7,747 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 136.61% higher than the current median priced home. 3040 W 7Th St was last sold on February 22, 2019 for $2,650,000. Local nearby listings include 940 Elden Ave #402, 540 S Kenmore Ave #204 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 3040 W 7Th St Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3040 W 7Th St

Public county record property details

Beds: 10
Baths: 5
Year built: 1917
Sq. Ft.: 5,994
Lot Size: 7,747
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30
APN: 5077-017-024

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$850,000

Median List Price/Sq.Ft.

$655

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

92.79%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

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(714) 706-1823

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