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2700 E 7th Street Los Angeles, CA 90023
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25082755
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Incredible investment opportunity in Boyle Heights, just minutes from Downtown LA and the Arts District. This 4-unit multifamily property sits on a corner lot and features four 1-bedroom, 1-bath units, each with its own address: 2700 & 2702 E 7th St and 1002 & 1004 Orme Ave. All units are currently tenant-occupied, rent controlled (RSO), and rented significantly below market, offering strong upside potential for the savvy investor. The property is low-maintenance with a gated entry for added tenant privacy. Low maintenance! Tenants cover their own utilities with the exception of water for the two units on 7th St, which are on a shared meter. The layout is ideal for passive income, and the location offers high rental demand due to its centrality, making this a perfect buy-and-hold or 1031 exchange opportunity. Dont miss your chance to own a property with tremendous long-term potential!
Location
State CA
County Los Angeles
Zoning Seller
Exterior
View Y/N No
Building
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Bought with ENRIQUE CASTELLANOS FRIENDLY HILLS REALTY
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