Los Angeles, CA 90017,1723 7th Street
Los Angeles, CA 90017,1723 7th Street
Los Angeles, CA 90017,1723 7th Street
19
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$3,975,000
Est. payment /mo
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30,319 SqFt
New

1723 7th Street Los Angeles, CA 90017

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 30,319 sqft

Price per Sqft $131

MLS Listing ID CRSB26007621

HOA Y/N No

Year Built 1913

Lot Size 0.517 Acres

Property Sub-Type Retail

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. 1723 7th st 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

Building

Water Public


Bay East Association of Realtors

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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1723 7th Street