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4085 W 7Th St, Los Angeles, CA 90005
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4085 W 7Th St Los Angeles, CA 90005

$9,990,000
  • 48 Beds
  • 28 Baths
  • 29,020 Sq.Ft.
For Sale
$9,990,000 Get Pre-Qualified
Map preview of 4085 W 7Th St, Los Angeles, CA 90005

Property Overview: 4085 W 7Th St Los Angeles, CA has 48 bedrooms, 28 bathrooms, 29,020 living square feet and 27,186 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: UNIT MIX: 2Bed, 1.75Bath x 20. 1Bed, 1Bath x 8. Monthly Income: $53,200/mo. $638,400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wilshire Park in greater Mid-Wilshire area, just a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with District #566 Permit Exempt dedicated for sufficient parking allocation in the neighborhood. It has a community laundry, hardwood floored units with amazing sizeable layouts reminiscent of good-ole heydays when spaces weren't any concerns and built on a massive 27,000 SF RD2 corner-lot with huge open COURTYARD. A quick 10 min-walk to Wilshire/Western Metro station, an easy 10 min-drive to DTLA and Beverly Hills to east and west. All units have been remodeled within the last ten years per owner. All units are current on their rents with majority long-termed lessees. Showing/Inspection upon "accepted offer" DRIVE-BY ONLY! For all inquiries, email L/A. Phone calls will not be answered.

Listed by Peter Yoo | BRE #01449891 | Masters Realty & Investment
Last checked: 2 minutes ago | Last updated: June 27th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
27,186
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24407923
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: 15.5
  • Gross Scheduled Income: --
  • Net Operating Income: $507,000
  • Gross Operating Income: $638,400
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4085 W 7Th St

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Property Details for 4085 W 7Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator, Gas Cooktop
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Subterranean, Gated, Private
Property Information
  • No View
  • View: None
  • Total # of Units: 28
  • Parcel Number: 5092009030
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Wilton Pl, North of Olympic.
View more facts & features

Local Los Angeles Agent

Sale History for 4085 W 7Th St

Last sold for $3,500,000 on June 3rd, 2003

  • June, 2024

  • Jun 27, 2024

    Date

    Active

    CRMLS: 24407923

    $9,990,000

    Price

  • June, 2003

  • Jun 3, 2003

    Date

    Sold (Public Records)

    Public Records

    $3,500,000

    Price

  • March, 2001

  • Mar 20, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4085 W 7Th St

Assessed Value (2020): $4,643,578
Year Land Value Improved Value Assessed Value
2020 $3,972,970 $670,608 $4,643,578

Home Value Compared to the Market

This property vs the competition

4085 W 7Th St is listed 708.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $344.25 per/sqft which puts the price per square foot 55.58% lower than the median price per square foot for the city of Los Angeles.

About 4085 W 7Th St

Detailed summary of property

4085 W 7Th St is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 48 bedrooms, 28 bathrooms, roughly 29,020 living square feet, and sits on an approximately 27,186 square foot lot. 4085 W 7Th St was first listed on ArdentRealEstateGroup.com on June 27, 2024. The homeowner is currently asking $9,990,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 708.25% higher than the median priced home. Local competing homes currently for sale include 2041 N Vermont Ave, 1633 N Laurel Ave and 1429 S Bedford St. While the average home in Los Angeles, CA is selling in 99 days, 4085 W 7Th St has a days on market of 3 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 4085 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 4085 W 7Th St

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
29,020
Lot Size
27,177
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
19-20,A
APN
5092-009-030

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
$835,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$692
Total Inventory
38
Median Sale to List Price %
82.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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