2000 7th Avenue

Los Angeles, CA 90018

$1,000,000
Price
4
Beds
4
Baths
3,600 Sq. Ft.
$278 / Sq. Ft.
3,600
Sq. Ft.
$278
per Sq. Ft.

Description

INVESTORS, BUILDERS, DEVELOPERS LAND VALUE: Looking for a great project with upside potential? This fourplex has each unit with 1 bedroom, 1 bath room for a total of 3,600 sq. ft. There is a detached garage in the rear, so bring your ADU plans to see if you can maximize the use of this spacious lot. Additionally, there is ample parking in the driveway and a backyard for large gatherings. The property is located in close proximity to the Exposition & Crenshaw Line to LAX, the 10 and 110 freeways,...INVESTORS, BUILDERS, DEVELOPERS LAND VALUE: Looking for a great project with upside potential? This fourplex has each unit with 1 bedroom, 1 bath room for a total of 3,600 sq. ft. There is a detached garage in the rear, so bring your ADU plans to see if you can maximize the use of this spacious lot. Additionally, there is ample parking in the driveway and a backyard for large gatherings. The property is located in close proximity to the Exposition & Crenshaw Line to LAX, the 10 and 110 freeways, USC, Johnny's West Adams, Harold & Belle's, Highly Likely, Party Beer Co, and the other ultra-hot neighborhood hubs: Leimert Park & West Adams. Take advantage of this rare opportunity and start generating income upon project completion. Please do not walk onto property or approach doorways. This is an "as-is" sale.
  1. Listed by Joseph Norfleet • DRE #01304280 • Brokerage DRE #00986597 • Bankers Realty Exclusive, Inc.

Property Details for 2000 7th Avenue

Water Front
None
Zoning
LARD2
Accessibility Features
None
Parcel Number
5060022010
Total Units
4.0
Living Area
3600
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Bankers Realty Exclusive, Inc., Joseph Norfleet, DRE #01304280
Add your commute
LISTING UPDATED: 04/30/2024 01:07 AM

Property Details for 2000 7th Avenue

StatusActive
MLS #23-262915
Days on Market373
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.17 AC / 7,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Bankers Realty Exclusive, Inc., Joseph Norfleet, DRE #01304280
Add your commute

Building Information for 2000 7th Avenue

Stories2Residences-Year Built1914Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$6,695 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2000 7th Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Fourplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: East
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional, Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $25,600
  • Net Operating Income: $25,600.00
  • Gross Income: $31,200
  • Gross Rent Multiplier: $42.00
  • Actual Annual Gross Rent: $31,200.00
  • Actual Gross Annual Income: $31,200
  • Actual Rent Total: $31,200.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 5600
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7500
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Detached, Driveway, Covered Parking
  • Total Parking: 4
  • Covered Parking: 0
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Carport Spaces Total: 0
  • Parking Features: Driveway, Covered
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall, Floor
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-22-2023
  • Listing Terms: Cash To New Loan, Cash, Conventional
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $650.00
  • Unit Actual Rent: $7,800.00
  • Unit Projected Rent: $7,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $475.00
  • Unit Actual Rent: $5,700.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $9,600.00
  • Unit Projected Rent: $9,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $675.00
  • Unit Actual Rent: $8,100.00
  • Unit Projected Rent: $8,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $350,392.00
  • Assessed Improvement Percent: 30.09
  • Assessed Land Value: $814,147.00
  • Assessed Land Percent: 69.91
  • Assessed Total Value: $1,164,539.00

Property History for 2000 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2000 7th Avenue

Taxable ValueLand$830,429Additions$357,399Total$1,187,828
Tax Record2023$14,852 ($1,238 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtLot Size7,500 SqFtStyleQuadraplexYear Built1914ZoningLARD2CountyLOS ANGELESAPN5060-022-010

Schools near 2000 7th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 5
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy 2
CharterPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2000 7th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on April 21, 2023 by Bankers Realty Exclusive, Inc., it's currently listed at $1,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 2000 7th Avenue is a 4-bed, 4-bath, 3,600 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bankers Realty Exclusive, Inc., Joseph Norfleet, DRE #01304280

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.