2822 7th Avenue

Los Angeles, CA 90018

$1,299,999
Price
5
Beds
9
Baths
2,068 Sq. Ft.
$629 / Sq. Ft.
2,068
Sq. Ft.
$629
per Sq. Ft.

Description

Explore this USC-adjacent triplex, conveniently located just 2 miles from campus. The rear unit offers 3BR/2BA, a private terrace, and tiled floors, while the two front units present 1BR/1BA with laminate flooring. Each property has newly renovated bathrooms, kitchens as well as in-unit laundry. With a 10-year-old roof and plenty of parking in the long driveway, this triplex is now leased at market rates, making it an ideal investment prospect. Seize the opportunity to purchase this investment property...Explore this USC-adjacent triplex, conveniently located just 2 miles from campus. The rear unit offers 3BR/2BA, a private terrace, and tiled floors, while the two front units present 1BR/1BA with laminate flooring. Each property has newly renovated bathrooms, kitchens as well as in-unit laundry. With a 10-year-old roof and plenty of parking in the long driveway, this triplex is now leased at market rates, making it an ideal investment prospect. Seize the opportunity to purchase this investment property in this highly sought-after neighborhood near USC, which combines modern amenities and convenience.
  1. Listed by John Heinz • DRE #01901640 • Brokerage DRE #01391478 • Century 21 Cornerstone • 310 941-8216

Property Details for 2822 7th Avenue

View
Neighborhood
Parking Spaces Total
8
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2068
Assessor Parcel Number
5051-019-010

Location

Listing Courtesy of Century 21 Cornerstone, John Heinz, DRE #01901640
Add your commute
LISTING UPDATED: 04/27/2024 06:09 AM

Property Details for 2822 7th Avenue

StatusActive
MLS #DW23229780
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.17 AC / 7,507 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Cornerstone, John Heinz, DRE #01901640
Add your commute

Building Information for 2822 7th Avenue

Stories1Residences-Year Built1906Building Size-Lot Size0.17 AC / 7,507 SF

Payment Calculator

$7,400 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$305

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2822 7th Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $88,800
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $86,300
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $2,500
  • Insurance Expense: $100
  • Trash Expense: $0
  • Water Sewer Expense: $160
  • Total Expenses: $160
Tax / Assessment Info
  • Tax Tract Number: 219010
  • Tax Census Tract: 2190.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: None, Wall
  • Heating: None, Wall Furnace
  • Heat Equipment: N/K
  • Flooring: Laminate
Exterior Features
  • Entry Location: Front
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage Faces Front
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $7,400
  • Unit Type Total Rent: $7,400
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0

Property History for 2822 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 2822 7th Avenue

Taxable ValueLand$141,450Additions$123,767Total$265,217
Tax Record2023$3,666 ($305 / month)
Home Facts
Total Finished SqFt2,068 SqFtAbove Grade Finished SqFt2,068 SqFtLot Size7,505 SqFtStyleTriplexYear Built1906ZoningLARD3CountyLOS ANGELESAPN5051-019-010

Schools near 2822 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 - 9 to 12
Rating
School
Distance
Sixth Avenue Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Math And Science College Preparatory
Charter9 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.

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2822 7th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on February 5, 2024 by Century 21 Cornerstone, it's currently listed at $1,299,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Sixth Avenue Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2822 7th Avenue is a 5-bed, 9-bath, 2,068 sqft multi-family home built in 1906.

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 Century 21 Cornerstone, John Heinz, DRE #01901640

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.