Los Angeles, CA 90057,1735 7th ST
Los Angeles, CA 90057,1735 7th ST
Los Angeles, CA 90057,1735 7th ST
19
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$4,300,000
Est. payment /mo
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0.52 Acres Lot
Active

1735 7th ST Los Angeles, CA 90057

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25193453

Year Built 1913

Lot Size 0.517 Acres

Source California Regional MLS

Property Description

1735 7th St // 694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $134k/unit and $141/sqft. The property is currently operating at a 6.68% CAP and 8.30 GRM. There is still over 51% upside available once the property is stabilized. The property is individually metered for gas and electricity. The building is comprised of (26) apartment units and (6) Retail Spaces - consistent of (13) 1Bed+1Bath, (13) Studio+1Bath. Currently (2) studio/1-bath units are 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 699 - Not Defined

Exterior

Parking Features Garage

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Special Listing Condition Not Applicable


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Madhu Sarkar

Madhu Sarkar

DRE# 01702931 | License ID: 01702931

+1(650) 504-7768

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1735 7th ST