With upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-in basis 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). 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. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID
Mls | 24431409 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1941 |
Days On Site | 103 |
Listing Provided By | Dover Management Corp. 818-843-5200 | Douglas Steinriede |
Sq Feet | 10,112 |
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Storys | 2 |
Units | 16 |
Buildings | 2 |
Zoning | LAR3 |
Acreage | 0.30 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90018 |
Area | C16 Mid Los Angeles |
Listing VS Median (in 90018) | |
Price: $2,500,000 low | high Med: $1,089,000 SqFt: 10,112 low | high Med: 3,416 $ / SqFt: $247 low | high Med: $319 On Site: 103 low | high Med: 76.000000 |