2469 East 7th Street

Los Angeles, CA 90023

$2,050,000
Last Sold Price
16
Beds
12
Baths
6,071 Sq. Ft.
$338 / Sq. Ft.
6,071
Sq. Ft.
$338
per Sq. Ft.

Description

We are proud to present these 4 units located at 2469 E 7th Street in Los Angeles, California. Built in 2020, all units are currently vacant with Certificate of Occupancy approximately by November 1st. This brand new multifamily building sits on 6,968 square feet of land with 6,071 square feet of rentable area and consists of all (4)- four bed / three bath units. These two duplexes are on a single lot offering its tenants alley access and private garage parking and finished with high-end stainless...We are proud to present these 4 units located at 2469 E 7th Street in Los Angeles, California. Built in 2020, all units are currently vacant with Certificate of Occupancy approximately by November 1st. This brand new multifamily building sits on 6,968 square feet of land with 6,071 square feet of rentable area and consists of all (4)- four bed / three bath units. These two duplexes are on a single lot offering its tenants alley access and private garage parking and finished with high-end stainless steel appliances, quartz counter-tops, tank-less water heaters, recessed lighting, central heating & A/C, laminate floors, soft close cabinets, and much more! The property is well located in Boyle Heights just minutes from all the premier dining, entertainment and shopping that The Arts District, Downtown LA and LA Live has to offer. Tenants enjoy close proximity to Urth Caffe, Blue Bottle Coffee, Bestia, Bavel and many more famed coffee and restaurants!
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2469 East 7th Street

Zoning
LARD1.5
Parcel Number
5189006006
Total Units
4.0
Living Area
6071
Source Living Area
Appraiser
Area
Boyle Heights (BOYH)
Vacancy Rate
3%
Lot Size Area
6968

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Marcus & Millichap, Filip Niculete, DRE #01905352; LANDMARK LENDING REALTY, EDMOND WU, DRE #01373930

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LISTING UPDATED: 03/11/2021 02:54 PM

Property Details for 2469 East 7th Street

StatusSold
MLS #20-650748
Days on Market95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.16 AC / 6,968 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352

Sold By Marcus & Millichap, Filip Niculete, DRE #01905352; LANDMARK LENDING REALTY, EDMOND WU, DRE #01373930

Add your commute

Building Information for 2469 East 7th Street

Stories2Residences-Year Built2020Building Size-Lot Size0.16 AC / 6,968 SF

Payment Calculator

$13,381 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

$2,193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2469 East 7th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Standard
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $172,800
  • Net Operating Income: $133,385.00
  • Gross Income: $167,616
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $172,800.00
  • Total Annual Expense: 34231
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.16
  • Lot Size Square Feet: 6968
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Attached
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Freezer, Garbage Disposal, Electric Dryer Hookup, Cable
  • Kitchen Features: Stone Counters
  • Bathroom Features: Tub Only
  • Cooking Appliances: Gas, Cooktop - Gas, Microwave, Gas/Electric Range
  • Laundry: In Unit, Laundry Area
  • TV Services: Cable TV
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
  • Exterior Construction: Hard Coat
  • Foundation Details: Slab
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-22-2020
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $180,151.00
  • Assessed Improvement Percent: 37.5
  • Assessed Land Value: $300,256.00
  • Assessed Land Percent: 62.5
  • Assessed Total Value: $480,407.00

Property History for 2469 East 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2469 East 7th Street

Taxable ValueLand$884,340Additions$1,248,480Total$2,132,820
Tax Record2023$26,317 ($2,193 / month)
Home Facts
Total Finished SqFt6,062 SqFtAbove Grade Finished SqFt6,062 SqFtLot Size6,968 SqFtStyleQuadraplexYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN5189-006-006

Schools near 2469 East 7th Street

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

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

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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Similar Sold Homes

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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 Marcus & Millichap, Filip Niculete, DRE #01905352

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.