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3512 E 7Th St, Los Angeles, CA 90023
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3512 E 7Th St Los Angeles, CA 90023

$1,075,000
  • 9 Beds
  • 4 Baths
  • 2,592 Sq.Ft.
For Sale
$1,075,000 Get Pre-Qualified
Map preview of 3512 E 7Th St, Los Angeles, CA 90023

Property Overview: 3512 E 7Th St Los Angeles, CA has 9 bedrooms, 4 bathrooms, 2,592 living square feet and 7,531 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: Amazing 3 UNIT property (Single Family Residence @ 3512) with a (Duplex @ 3514) in the hot community of Boyle Heights (City of L.A. services). *** FRONT HOUSE is a 5BR/13/4BA, 2-story Craftsman with 2BR on 1st floor and 3 bedrooms on 2nd floor and built in 1921. Large kitchen w/Quartz countertops and Breakfast Nook, Formal Dining Room, Living Room w/decorative fireplace mantle (not operational). All refinished hardwood floors on 1st floor. New laminate flooring throughout 2nd floor. Laundry Room w/washer and dryer connections. All Bathrooms have been fully remodeled w/new tub/shower, sinks, flooring and shower glass. 2nd floor Balcony off one of bedrooms, large basement and storage space. 1-Car Detached Garage w/automatic door opener + Carport (2-cars) currently being used as a backyard cover. Mature avocado tree in spacious & private fenced yard. Systems: New Electrical, recessed lighting throughtout, new wall heater, copper plumbing and ABS sewer. *** BACK DUPLEX is 2BR/1BA each and built in 1965 (3514 #1 - 1st floor and 3514 #2 - 2nd floor). Spacious bedrooms, Living Room, Kitchen w/Dining Areas in each. 1st flloor unit has its own Laundry Connections and wrap-around Yard space. Hardwood Floors throughout both units. 2 Parking spaces for back duplex. Entry to units is via alley (to the left of front SFR). *** All units are under City of L.A. RSO. Tenants have received notice of rent increase of 4% starting on Feb. 1, 2024. Property will be delivered with current tenants. Get legal advice as to what your buyer's option are to evict if plan is to occupy. Sellers will not evict, nor give credit for relocation and/or legal costs. Area has had a lot of development recently and good investment for development (Zoned RD1.5)

Listed by John Calvo | BRE #01208146 | Lighthouse Realty Associates
Last checked: 15 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 245
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Home details

Lot Sq. Ft
7,531
HOA Dues
$0/mo
Year built
1965
Garage
1 Car
Property Type:
Triplex
Status
Active
MLS#
P1-15403
City
Los Angeles
County
Los Angeles
Time on Site
257 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,540
  • Total Rent: $3,540
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $636
  • Total Rent: $636
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $739
  • Total Rent: $739
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,986
  • Net Operating Income: $45,306
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,679
  • Licenses: $218
  • New Taxes: $9,666
  • Trash: $0
  • Insurance: $1,320
  • Water/Sewer: $1,515

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Property Details for 3512 E 7Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Inside, Gas Dryer Hookup, Washer Hookup, Individual Room
Fireplace Information
  • Has Fireplace
  • See Remarks
Room Information
  • Flooring: Laminate, See Remarks, Wood
  • Attic, Kitchen, Main Floor Primary Bedroom, Main Floor Bedroom, Laundry, Living Room
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Water Heater, Gas Water Heater, Gas Range
Interior Features
  • Crown Molding, Quartz Counters, Balcony, Copper Plumbing Partial, Ceiling Fan(s), Recessed Lighting, High Ceilings
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Chain Link, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Carport, Driveway, Street, Off Street, RV Potential, Garage - Single Door, Garage
Lot Information
  • Lot Features: Back Yard, Lot 6500-9999, Sprinklers In Front, Park Nearby, Near Public Transit, Level with Street, Yard, Rectangular Lot, Level, Landscaped, Lawn, Front Yard
  • Lot Size Source: Public Records
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5188014013
  • Year Built Source: Public Records
  • Architectural Style: Craftsman
  • Foundation Details: Slab, Raised
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: East of Lorena St.West of Esperanza St.North of AtlanticSouth of Lee St.Cross Street: Spence St.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3512 E 7Th St

Last sold for $525,000 on January 17th, 2018

  • October, 2023

  • Oct 13, 2023

    Date

    Active

    CRMLS: P1-15403

    $1,080,000

    Price

  • January, 2018

  • Jan 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

  • January, 2018

  • Jan 17, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3512 E 7Th St

Assessed Value (2020): $733,481
Year Land Value Improved Value Assessed Value
2020 $476,503 $256,978 $733,481

Home Value Compared to the Market

This property vs the competition

3512 E 7Th St is listed 13.93% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $414.74 per/sqft which puts the price per square foot 46.69% lower than the median price per square foot for the city of Los Angeles.

About 3512 E 7Th St

Detailed summary of property

3512 E 7Th St is a triplex located in Los Angeles, CA 90023 and is currently for sale. This triplex offers 9 bedrooms, 4 bathrooms, roughly 2,592 living square feet, and sits on an approximately 7,531 square foot lot. 3512 E 7Th St was first listed on ArdentRealEstateGroup.com on October 13, 2023. The homeowner is currently asking $1,075,000 and was originally asking $1,080,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 13.93% lower than the median priced home. Local competing homes currently for sale include 505 S Chicago St, 923 N Alma Ave and 923 N Alma Ave. While the average home in Los Angeles, CA is selling in 98 days, 3512 E 7Th St has a days on market of 245 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 3512 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 3512 E 7Th St

Public county record property details
Beds
6
Baths
3
Year built
1965
Sq. Ft.
2,592
Lot Size
7,530
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
77
APN
5188-014-013

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
$599,999
Median List Price/Sq.Ft.
$669
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$656
Total Inventory
24
Median Sale to List Price %
105.88%
Avg Days on Market
28
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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