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.
Property Details
Price:
$2,500,000
MLS #:
24453399
Status:
Active Under Contract
Baths:
0
Address:
2632 7th Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Aug 11, 2024
State:
CA
ZIP:
90018
Lot Size:
6,602 sqft / 0.15 acres (approx)
Year Built:
1941
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Schools
Interior
Exterior
Parking Features
Concrete, Uncovered
Parking Spots
9.00
Stories Total
2
Financial
Map
Community
- Address2632 7th Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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Courtesy of Dover Management Corp.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2632 7th Avenue
Los Angeles, CA
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