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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$3,975,000
Est. payment /mo
30,319 SqFt
New
1723 7th Street Los Angeles, CA 90057
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 30,319 sqft
Price per Sqft $131
MLS Listing ID CRSB26007615
HOA Y/N No
Year Built 1913
Lot Size 0.517 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry See Remarks
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