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    1425 W 7th St

    Los Angeles, CA 90017
    • $6,250,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 20-609802
    New On Site 5 Days Ago
    UPDATED: 59 min ago
    $6,250,000
    • 24
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,260
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Totaling 19,260 SF, the subject property includes 24 apartment units, a retail space and turnkey office space located on the northeast corner of 7th & Valencia. This is a unique owner user or investment opportunity to purchase a building that has been meticulously maintained throughout the years with stable cash flow and additional upside in the retail and office rents.1425 W 7th Street consists of 24 apartment units, a 1,150 SF retail space, and an 2,300 SF turnkey office. The property also features a 700 SF space that can be converted to additional office space or possible short-term rental unit. The 1,800 SF office with access from 7th Street is fully built out and ideal for an owner user to utilize as a turnkey office space. The retail space located on the hard corner of Valencia & 7th is currently leased at below market rent on a month-to-month basis to a convenience store operator.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T08:42:23.763. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/108309485
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    1425 W 7th St Los Angeles, CA 90017

    • Price: $6,250,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 20-609802
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    19,260
    SQFT
    $325
    $/SQFT
    1910
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Totaling 19,260 SF, the subject property includes 24 apartment units, a retail space and turnkey office space located on the northeast corner of 7th & Valencia. This is a unique owner user or investment opportunity to purchase a building that has been meticulously maintained throughout the years with stable cash flow and additional upside in the retail and office rents.1425 W 7th Street consists of 24 apartment units, a 1,150 SF retail space, and an 2,300 SF turnkey office. The property also features a 700 SF space that can be converted to additional office space or possible short-term rental unit. The 1,800 SF office with access from 7th Street is fully built out and ideal for an owner user to utilize as a turnkey office space. The retail space located on the hard corner of Valencia & 7th is currently leased at below market rent on a month-to-month basis to a convenience store operator.
    Exterior Features

    Exterior Construction Brick Lot Size Area 6465 Other Structures None Parking Garage None Roof Flat Total Parking 0 View Description CityCity Lights View YN Yes

    Interior Features

    Baths Total 24.00 Cooling Air ConditioningCeiling FanWall Unit(S) Equipment Ceiling FanRefrigeratorRange/OvenMicrowave Flooring Hardwood Heating OtherWall Laundry Community

    Property Features

    Assessed Total Value 1201038 Gross Income 454356 Gross Operating Income 431638 Like Units1 19 Like Units2 4 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 262617.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 169021 Type Of Units Mixed Use Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lacw

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T08:42:23.763. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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