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Backup Offers

26322640 7th Ave, Los Angeles, CA, 90018

$2,500,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
8 Baths
5,080 SqFt
$492/SqFt
House

Location

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26322640 7th Ave, Los Angeles$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingConcrete, Uncovered
Year Built1941
MLS #24453399
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 26322640 7th Ave

With a 99% upside potential on current rents, this property offers exceptional prospects for rental income growth. Coupled with a strong going-inbasis and a low price per unit, 2632 - 2640 7th Avenue presents a valuable investment opportunity with significant potential for financial returns and long-term appreciation. Capital improvements include updated electrical (2023). The inclusion of washer and dryer hookups, and ample parking adds to the appeal for prospective tenants. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street,LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.Reach out today for more information.

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Stories: 2
  • Living Area: 5,080 SqFt

Listing Office:

  • Office Name: Dover Management Corp.
  • Office Phone: (818) 843-5200
  • Listing Agent: Douglas Steinriede

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Concrete, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Other

Directions Information:

  • Directions: 7th Avenue and W 27th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $492/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

26322640 7th Ave vs Los Angeles

36 DAYS ON ROCKET

-2 Days

$2,500,000

+$1.4M More

$492/SqFt

-$149 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $149/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24453399

Listing Office:

  • Office Name: Dover Management Corp.
  • Office Phone: (818) 843-5200
  • Listing Agent: Douglas Steinriede

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-318640
5
/10

  • Learning by Design Charter

  • 7019 S Van Ness Ave

  • 0.36 miles

  • Public Charter Grades KG-5

school-card-donut-318641
5
/10

  • 74th Street Elementary School

  • 2112 W 74th St

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-318642
4
/10

  • Young Empowered Scholars Academy

  • 3140 Hyde Park Blvd

  • 0.48 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,381. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 26322640 7th Ave

What is the listing price of this property?

The listing price of 26322640 7th Ave property is $2,500,000.

What type of property is this?

The property 26322640 7th Ave is a house located in Los Angeles, California, 90018.

Is this property for sale now?

Accepting Backup Offers: 26322640 7th Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 26322640 7th Ave has 6 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 26322640 7th Ave is 5,080 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 26322640 7th Ave is 1941.

Rocket Homes›California›Los Angeles County›Los Angeles›90018›26322640 7th Ave

This home is located at 26322640 7th Ave in Los Angeles, CA and zip code 90018 in the South LA neighborhood. This 5,080 square foot home, which was built in 1941, sits on a 0.15 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $2,500,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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