2632 2640 7Th Avenue
Los Angeles, CA 90018
Active Under Contract for $2,500,000
Beds: 6 Baths: 8 Structure Size: 5,080 sqft Lot Size: 6,602 sqft
| MLS | 24453399 |
| Year Built | 1941 |
| Property Type | |
| County | Los Angeles |
| Status | Active Under Contract |
| Active Under Contract | $2,500,000 |
| Structure Size | 5,080 sqft |
| Lot Size | 6,602 sqft |
| Beds | 6 |
| Baths | 8 |
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.
Listing information courtesy of: Douglas Steinriede, Dover Management Corp. 818-843-5200. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Mike Tilton
REALTOR®
Direct: 818.703.3023
Email: Email Me
DRE: 02122926
DRE #01873088
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