1714 7th Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $364
MLS Listing ID 25497245
Bedrooms 7
Year Built 1949
Lot Size 7,503 Sqft
Acres 0.1722
Property Sub-Type Multi-Family
Property Description
Located in the highly sought-after Arlington Heights area of Los Angeles, this property sits in a strong rental market, offering an easy-to-manage building with incredible potential. This exceptional investment opportunity boasts a stabilized 5% Cap Rate and nearly 55% rental upsideideal for the savvy investor seeking long-term growth. All units are separately metered for water, gas, and electricity, ensuring low operating expenses. The property includes ample parking with 6 spaces (1 per unit) and the potential to add ADUs. Recent improvements include a retrofitted balcony with an approved staircase, newly paved driveway and parking area, and a roof upgrade in 2021. A prime opportunity for those looking to maximize returns in an up-and-coming neighborhood of Los Angeles.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Refrigerator, Range/Oven
Exterior
Parking Features Assigned, Private
Garage Spaces 6.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard