Homes for sale - 1723 7th ST, Los Angeles, CA 90057

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

$3,975,000

Est. payment - /mo

0.52 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26007615

Year Built 1913

Lot Size 0.517 Acres

Source California Regional MLS

Property Description

1723 7th St is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $124k/unit and $131/sqft. The property is currently operating at a 7.22% CAP and 7.67GRM. There is still over 51%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1-Bed+1-Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are being delivered vacant, offering immediate upside in rental income. 694 S Burlington Ave is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Exterior

Garage Spaces 3.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1723 7th ST Los Angeles, CA 90057

JLee Broker

Key Details

Location

Exterior

Building

Others

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