Homes for sale - 2632 2644 7th AVE, Los Angeles, CA 90018

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,500,000

Est. payment - /mo

0.3 Acres Lot

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UPDATED:

12/05/2024 01:55 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24431409

HOA Y/N No

Year Built 1941

Lot Size 0.303 Acres

Property Description

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

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Fireplace No

Building

Lot Description Gentle Sloping

Story 2

Others

Tax ID 5051001014

Special Listing Condition Probate Listing

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Listed by Douglas Steinriede • Dover Management Corp.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

2632 2644 7th AVE Los Angeles, CA 90018