$2,500,000
Accepting Backup Offers

2632 7th Avenue

Los Angeles, CA 90018
5080 sqft | 6 beds | 0.15 acres | #24453399
Listing OfficeDover Management Corp.
Browse 17 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$2,500,000
      • MLS #24453399
      • MLS #24453399
      • Cost2500000
      • Acres0.1516
      • Square Feet5080
      • Year Built1941
      • Bedrooms6
      • Stories2

Location

Cristina Arneson-CabreraReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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