640 West 7th Street
640 West 7th Street
$2,950,000
3
16
13,200
13,200
$223
Closed 11/18/22
Description
Just reduced by $200,000! 640 West 7th Street is a terrific investment opportunity located in the booming market of San Pedro, with approximately 53% +/- rental upside! Located in an Opportunity Zone, this is the perfect investment for an exchange Buyer! The property has 16 units, with a unit mix of Four 2 Bedroom units, Ten 1 Bedroom units, and Two retail spaces on the ground floor. Units are all individually metered for gas and electricity, and they are spacious with nice balconies. There are two...Just reduced by $200,000! 640 West 7th Street is a terrific investment opportunity located in the booming market of San Pedro, with approximately 53% +/- rental upside! Located in an Opportunity Zone, this is the perfect investment for an exchange Buyer! The property has 16 units, with a unit mix of Four 2 Bedroom units, Ten 1 Bedroom units, and Two retail spaces on the ground floor. Units are all individually metered for gas and electricity, and they are spacious with nice balconies. There are two laundry rooms onsite, and there is plenty of secured parking available. The building has been owned by the same family for well over 30+ years, and has undergone several improvements throughout the current ownership. There is a large central courtyard, and the building is very secure with a security system. The roof was also recently re-sealed. The property has a newer water heater and the two bedroom units all have dishwashers as well. This investment is perfectly positioned in the heart of San Pedro. Just one street over from the downtown area, tenants will enjoy being within walking distance to countless restaurants, bars, and unique stores! It is also very close to San Pedro waterfront, which is currently being completely revamped and will be re-branded as the "West Harbor". This is the perfect opportunity for an astute investor to purchase a terrific long term asset in a growing market.
- Listed by Josh Cohen • DRE #01346713 • Brokerage DRE #01368364 • Keller Williams Beach Cities
Property Details for 640 West 7th Street
Parking Spaces Total
16
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourceAssessor
Living Area13200
Assessor Parcel Number7451-036-027
Property Attached YNtrue
Location
LISTING UPDATED: 03/10/2023 05:48 AM
Property Details for 640 West 7th Street
Status | Closed |
---|---|
MLS # | SB22151471 |
Days on Market | 52 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1977 |
Lot Size | 0.21 AC / 8,960 SF |
County | Los Angeles County |
Location
Building Information for 640 West 7th Street
Stories-Residences-Year Built1977Building Size-Lot Size0.21 AC / 8,960 SF
Payment Calculator
$19,207 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 640 West 7th Street
Property History for 640 West 7th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 640 West 7th Street
Taxable ValueLand$1,600,000Additions$1,350,000Total$2,950,000
Tax Record2023$37,294 ($3,108 / month)
Home Facts
Total Finished SqFt13,200 SqFtAbove Grade Finished SqFt13,200 SqFtStories1Lot Size8,960 SqFtStyleOffice BuildingYear Built1977ZoningLAC2CountyLOS ANGELESAPN7451-036-027
Schools near 640 West 7th Street
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 |
---|---|---|
Cabrillo Avenue Elementary School PublicK to 5 | ||
Richard Henry Dana Middle School Public6 to 8 | ||
San Pedro Senior High School Public9 to 12 | ||
Port Of Los Angeles High School 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.