Price Reduction - Views
Address
1425 W 7th Street Los Angeles, CA
Price
$ 5,775,000
Property Attributes
  • MLS#20609802
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90017
  • Style
  • Price$ 5,775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap.
Property Description

Totaling 19,260 SF, the subject property includes 24 apartment units, a retail space and turnkey office space located on the northeast corner of 7th & Valencia. This is a unique owner user or investment opportunity to purchase a building that has been meticulously maintained throughout the years with stable cash flow and additional upside in the retail and office rents.1425 W 7th Street consists of 24 apartment units, a 1,150 SF retail space, and an 2,300 SF turnkey office. The property also features a 700 SF space that can be converted to additional office space or possible short-term rental unit. The 1,800 SF office with access from 7th Street is fully built out and ideal for an owner user to utilize as a turnkey office space. The retail space located on the hard corner of Valencia & 7th is currently leased at below market rent on a month-to-month basis to a convenience store operator.

Price History
7/28/2020 Listed $6,250,000
9/1/2020 5% - $5,950,000
10/2/2020 3% - $5,775,000

General Features

Appliances Microwave, Refrigerator
Construction Materials Brick
Directions Located between S Union Ave & Lucas Ave
Flooring Wood
Heating Wall Furnace
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area C42 - Downtown L.A.
Parking Features None
Special Listing Conditions Standard
Total Units 24
View City Lights
Zoning LACW

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Total Stories 3

Exterior Features

Lot Dimensions 60x107
Lot Size Acres 0.1400
Lot Size Area 6465.0000
Lot Size Square Feet 6465.00
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90017

Price
AVG $2.72M
$5.78M
Visits
AVG 49
78
Year Built
AVG 1924
1910
Walkscore
AVG 92
93
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.