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800 E 7Th St, Los Angeles, CA 90021
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800 E 7Th St Los Angeles, CA 90021

$3,500,000
  • -- Beds
  • -- Baths
  • 22,368 Sq.Ft.
For Sale
$3,500,000 Get Pre-Qualified
Map preview of 800 E 7Th St, Los Angeles, CA 90021

Property Overview: 800 E 7Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 22,368 living square feet and 7,883 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: 800 E 7th St. is an early 20th century Single-Room Occupancy (SRO) hotel in Downtown Los Angeles, significant for its association with the city's Chinese American community. Built in 1912, the Continental Hotel provided low-cost accommodations to Chinese American laborers who were employed in the produce industry nearby. Currently the property is being operated as 67 Unit SRO with 7 retail store fronts street level. With a Walk Score of 91 out of 100. This location is a Walker's Paradise so daily errands do not require a car. Investing in real estate in Skid Row offers a unique opportunity for those looking to make a meaningful impact while pursuing potential financial returns. As one of the most historically significant yet underserved areas in the city, Skid Row is undergoing a transformative phase with various redevelopment and revitalization projects

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 2 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
7,883
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Other
Status
Active
MLS#
24439353
City
Los Angeles
County
Los Angeles
Time on Site
5 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $243,283
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 800 E 7Th St

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Property Details for 800 E 7Th St

Lot Details / Garage and Parking
Property Information
  • Parcel Number: 5146031023
Location / Neighborhood
Location Information
  • Directions: From Downtown Los Angeles, head East on 7th St. Property is on the Southeast corner of the intersection of E 7th St. and Towne Ave.
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Sale History for 800 E 7Th St

View property's historical transactions

  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: 24439353

    $3,500,000

    Price

Tax History for 800 E 7Th St

Assessed Value (2020): $758,695
Year Land Value Improved Value Assessed Value
2020 $239,204 $519,491 $758,695

Home Value Compared to the Market

This property vs the competition

800 E 7Th St is listed 191.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $156.47 per/sqft which puts the price per square foot 79.63% lower than the median price per square foot for the city of Los Angeles.

About 800 E 7Th St

Detailed summary of property

800 E 7Th St is a other located in Los Angeles, CA 90021 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 22,368 living square feet, and sits on an approximately 7,883 square foot lot. 800 E 7Th St was first listed on ArdentRealEstateGroup.com on September 13, 2024. The homeowner is currently asking $3,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 191.67% higher than the median priced home. Local competing homes currently for sale include 1471 W Martin Luther King Jr Blvd, 5906 S Figueroa St and 5151 Santa Monica Blvd. While the average home in Los Angeles, CA is selling in 106 days, 800 E 7Th St has a days on market of 6 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. For more information on this home for sale at 800 E 7Th St Los Angeles, CA 90021 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 800 E 7Th St

Public county record property details
Beds
--
Baths
--
Year built
1912
Sq. Ft.
22,368
Lot Size
7,880
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5146-031-023

The source for these homes facts are from public records.

90021 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,888
Median List Price/Sq.Ft.
$840
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
9
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
--

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(714) 706-1823

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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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