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7516 S Western Ave, Los Angeles, CA, 90047

$1,350,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Baths
4,180 SqFt
$323/SqFt
House

Location

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7516 S Western Ave, Los Angeles$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1953
MLS #24450139
Lot Size0.13 Acres
StatusActive

About 7516 S Western Ave

We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready units. The building amenities include a large parking area with six total spaces, and the property is separately metered for both gas & electricity.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2
  • Living Area: 4,180 SqFt

Listing Office:

  • Office Name: BRC Advisors- BH
  • Listing Agent: Ian Hollinger

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Other

Directions Information:

  • Directions: The subject property is located in the City of Los Angeles. The property is situated south of Florence Avenue, North of Manchester Boulevard, West of Normandie Avenue and East of Van Ness Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000
  • Price Per SqFt: $323/SqFt

Tax Information:

  • Annual Amount: $13,163
  • Tax Year: 2021
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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

7516 S Western Ave vs Los Angeles

37 DAYS ON ROCKET

-1 Day

$1,350,000

+$326.5K More

$323/SqFt

-$318 Less

KEY TAKEAWAY

This property is $326.5K more than the Median Sold Price and $318/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: #24450139

Listing Office:

  • Office Name: BRC Advisors- BH
  • Listing Agent: Ian Hollinger

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: 11/14/2024, 1:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 13, 2021Home Sold
$1,175,000
May 03, 2018Home Sold
$830,000
Jan 04, 2007Home Sold
$685,000
Oct 20, 2005Home Sold
$650,000
Aug 23, 2002Home Sold
$250,000
Nov 18, 1998Home Sold
$75,000
Oct 23, 1992Home Sold
$123,500

Tax History

YEARPROP. TAXASSESSMENT
2021$13,163$1,035,619
2020$10,940$1,025,000
2019$10,550$846,600
2018$10,293$806,576
2017$10,293$790,762

History based on county public records data.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

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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-25207
5
/10

  • 74th Street Elementary School

  • 2112 W 74th St

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-25208
4
/10

  • Raymond Avenue Elementary

  • 7511 Raymond Ave

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-25209
5
/10

  • Learning by Design Charter

  • 7019 S Van Ness Ave

  • 0.62 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,859. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7516 S Western Ave

What is the listing price of this property?

The listing price of 7516 S Western Ave property is $1,350,000.

What type of property is this?

The property 7516 S Western Ave is a house located in Los Angeles, California, 90047.

Is this property for sale now?

Active Listing: 7516 S Western Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,163 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 13, 2021 for $1,175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7516 S Western Ave has 8 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 7516 S Western Ave is 4,180 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7516 S Western Ave is 1953.

Rocket Homes›California›Los Angeles County›Los Angeles›90047›7516 S Western Ave

This home is located at 7516 S Western Ave in Los Angeles, CA and zip code 90047 in the South LA neighborhood. This 4,180 square foot home, which was built in 1953, sits on a 0.13 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $1,350,000.

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. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

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

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