Search
7416 S Western Ave, Los Angeles, CA 90047
Image 2 for 7416 S Western Ave, Los Angeles, CA 90047
Image 3 for 7416 S Western Ave, Los Angeles, CA 90047
View Photos

7416 S Western Ave Los Angeles, CA 90047

$415,000 Sold Price as of 08/22/2023
  • -- Beds
  • -- Baths
  • 2,050 Sq.Ft.
Sold
$415,000 Sold Price as of 08/22/2023 Refinance Your Mortgage
Map preview of 7416 S Western Ave, Los Angeles, CA 90047

Property Overview: 7416 S Western Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,050 living square feet and 2,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 7416 S. Western Ave., located in Southwest Los Angeles. This centrally located single-story building consists of 1,090 sq ft office and 960 sq ft work shop space for a total of 2,050 sq ft. This property is a standalone building that was previously used as an office and workshop for a construction company. The rear of the building includes a loading zone area and 2 parking spaces. It is a Tier 2 TOC property provides incentives for developers to build housing, commercial, and mixed-use projects within a half-mile radius of major transit stops. This is a great opportunity for owner/users and investors.

Listed by Leesa Hammond | BRE #01305811 | Eve Capital
Last checked: 14 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 217

Home details

Lot Sq. Ft
2,754
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Industrial
Status
Sold
MLS#
SB23000170
City
Los Angeles
County
Los Angeles
Time on Site
540 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $39,093
  • Net Operating Income: $26,935
  • Gross Operating Income: --
  • Other Income 1: $14,493
Annual Expense Breakdown
  • Total Operating Expense: $12,158
  • Electric: $665
  • Trash: $0
  • Insurance: $2,500
  • Maintenance: $2,500
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 7416 S Western Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Flat
  • No Fence
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6018016005
  • Year Built Source: Assessor
  • Offered With Property: Workshop equipment
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Directions: (S) Florence (N) Manchester (E) Western
View more facts & features

Local Los Angeles Agent

Sale History for 7416 S Western Ave

Last sold for $415,000 on August 22nd, 2023

  • August, 2023

  • Aug 22, 2023

    Date

    Sold

    CRMLS: SB23000170

    $415,000

    Price

  • Jan 2, 2023

    Date

    Active

    CRMLS: SB23000170

    $600,000

    Price

  • April, 2022

  • Apr 29, 2022

    Date

    Active

    CRMLS: 22151547

    $930,000

    Price

  • Listing provided courtesy of CRMLS

    The owners of this commercial property designed customized wood cabinets for homes and businesses at this location for many years. Currently it is not used for the business, but still contains the equipment and tools that is not part of the sale of the property, but will be for sale individually. The property has great potential for office use but requires your creativity and design to make it great. It will require work on the inside.

Show More

Tax History for 7416 S Western Ave

Assessed Value (2020): $57,551
Year Land Value Improved Value Assessed Value
2020 $9,158 $48,393 $57,551

Home Value Compared to the Market

This property vs the competition

7416 S Western Ave sold on August 22, 2023 for 55.75% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $243.9 per/sqft which puts the price per square foot 67.65% lower than the current median sale per square foot for the city of Los Angeles.

About 7416 S Western Ave

Detailed summary of property

7416 S Western Ave is a industrial that recently sold in Los Angeles, CA 90047. This industrial property offered -- bedrooms, -- bathrooms, roughly 2,050 living square feet, and sits on an approximately 2,754 square foot lot. 7416 S Western Ave was first listed on ArdentRealEstateGroup.com on January 2, 2023. The homeowner sold the property for $415,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.75% lower than the current median priced home. While the average home in Los Angeles, CA is selling in 98 days, 7416 S Western Ave has a days on market of 217 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 7416 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7416 S Western Ave

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
2,050
Lot Size
2,754
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
6018-016-005

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$775,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$511
Total Inventory
91
Median Sale to List Price %
102.31%
Avg Days on Market
39
Loan Type
Conventional (40%), FHA (25%), VA (0%), Cash (10%), Other (10%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 7416 S Western Ave

Nearby Homes for Sale

1098 N Mount Vernon Ave, San Bernardino, CA 92411
$450,000
-- Beds
-- Baths
1280 Sq.Ft.
1098 N Mount Vernon Ave
San Bernardino, CA 92411
357 S Pershing Ave, San Bernardino, CA 92408
$349,900
-- Beds
-- Baths
702 Sq.Ft.
357 S Pershing Ave
San Bernardino, CA 92408
5538 Long Beach Ave., Los Angeles, CA 90058
$450,000
-- Beds
-- Baths
100 Sq.Ft.
5538 Long Beach Ave.
Los Angeles, CA 90058

Recently Sold Homes Near 7416 S Western Ave

6014 S Western Ave, Los Angeles, CA 90047
$625,000 Last Sold Price
-- Beds
-- Baths
2873 Sq.Ft.
6014 S Western Ave
Los Angeles, CA 90047
5907 S Main St, Los Angeles, CA 90003
$670,000 Last Sold Price
-- Beds
-- Baths
4218 Sq.Ft.
5907 S Main St
Los Angeles, CA 90003
5001 S Broadway, Los Angeles, CA 90037
$2,725,000 Last Sold Price
-- Beds
-- Baths
20375 Sq.Ft.
5001 S Broadway
Los Angeles, CA 90037
150 E Slauson Ave, Los Angeles, CA 90011
$2,500,000 Last Sold Price
-- Beds
-- Baths
10000 Sq.Ft.
150 E Slauson Ave
Los Angeles, CA 90011

Related Resources to 7416 S Western Ave

New Listings in 90047
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote