Los Angeles, CA 90023 2700 E 7th Street
$650,000
6 more
Presented By: Manny Perez-Perez with Erik Michael Ransdell, Broker;
Beds • 4
Baths • 4
SQFT • 1,670
Year Built • 1922
Home Details
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. Don’t miss your chance to own a property with tremendous long-term potential!
Presented By: Manny Perez-Perez with Erik Michael Ransdell, Broker;
Interior Features for 2700 E 7th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 2700 E 7th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks
CountyLos Angeles
DirectionsFrom I-10 E exit on Soto St. Turn right onto E 7th St. Will be on right hand side at the corner of E 7th St and Orme Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1st Floor
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income24984.0
HOANo
Home Warranty Y/NNo
Insurance Expense1690.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031
Lot Size Square Feet4290.0
Lot Size UnitsSquareFeet
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income14540.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense10444.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot66
Total Actual Rent2082.0
Trash Expense0.0
Water Sewer Expense4800.0
Year Built1922
Year Built SourceOwner
ZoningLAR2
Exterior for 2700 E 7th Street
Building Area Total1670.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.0985
Lot Size Area4290.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters3
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
