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2632 2640 7th Avenue

Los Angeles (City), CA 90018
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 100 Days
  • MLS #: 24453399
Under Contract
UPDATED: 58 min ago
$2,500,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,080
    SQFT
  • $492
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Douglas Steinriede of Dover Management Corp. (818-843-5200)


Description

With a 99% upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-inbasis and a low price per unit, 2632 - 2640 7th Avenue presents a valuable investment opportunity with significant potential for financial returns and long-term appreciation. Capital improvements include updated electrical (2023). The inclusion of washer and dryer hookups, and ample parking adds to the appeal for prospective tenants. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street,LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.Reach out today for more information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-24T10:32:35.073. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156784881
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2632 2640 7th Avenue Los Angeles (City), CA 90018

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 100 Days
  • Updated: 58 min ago
  • MLS #: 24453399
6
Beds
0
Baths
0
½ Baths
0.15
Acres
5,080
SQFT
$492
$/SQFT
1941
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
With a 99% upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-inbasis and a low price per unit, 2632 - 2640 7th Avenue presents a valuable investment opportunity with significant potential for financial returns and long-term appreciation. Capital improvements include updated electrical (2023). The inclusion of washer and dryer hookups, and ample parking adds to the appeal for prospective tenants. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street,LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.Reach out today for more information.
Exterior Features

Parking Features ConcreteUncovered Parking Total 9

Property Features

Association YN No Gross Income 198948 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 105003 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-24T10:32:35.073. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Douglas Steinriede of Dover Management Corp. (818-843-5200)