215 W 7th Street 409, Los Angeles, California 90014, Los Angeles, 90014 - 0 bed, 1 bath
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215 W 7th Street 409
Los Angeles, California 90014
ACTIVE
CONDITION: FAIR
0Beds
1Baths
460Sq Ft
460Lot Size
Property Price
LIST PRICE$290,000
EST. MARKET VALUE
$275,166
5% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity with a List Price of $290,000—positioned well below the $275,167 Fair Market Value by -5%. Featuring a Fair Condition Rating with industrial concrete floors and stainless steel appliances, the unit offers a modern aesthetic in a prime Historic Core location. Due to the mandatory 4-unit purchase requirement, this asset is strictly reserved for Buy-and-Hold Investors or Institutional Investors seeking to scale their downtown portfolio through high-density urban acquisition.
Estimated Market Value
$275,166
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 W 7th Street 409 Subject 0 bd · 1 ba · 460 sqft · $598 | $290,000* List Price | 0 | 1 | 460 | $598 | - |
A 215 W 7th Street 310 Active 1 bd · 1 ba · 475 sqft · $568 | $270,000 List Price | 1 | 1 | 475 | $568 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Although the building is historic (1911), the interior reflects a loft conversion from the early 2000s, making the renovation over 20 years old. While functional with stainless steel appliances and concrete floors, the systems and finishes are dated and likely require minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Core Location
Situated in the heart of Downtown LA near the Jewelry District and Orpheum Theatre, the property offers exceptional walkability to premier dining, culture, and entertainment.
- Modern Industrial Aesthetic
The unit features stylish concrete floors and stainless steel appliances, providing a contemporary, low-maintenance urban design that appeals to modern renters.
- Competitive Price Point
Listed at $290,000, this property represents an affordable entry point into the competitive Los Angeles condominium market for portfolio-building investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =460, other record lot size in square feet = 15922.
- Restrictive Purchase Requirement
The mandate that a buyer must purchase a minimum of four units significantly limits the buyer pool to institutional or high-net-worth investors, excluding individual homeowners.
- Compact Living Area
At only 460 square feet, the limited living space may restrict long-term tenant retention and appeal primarily to single occupants or those seeking a minimalist lifestyle.
About 215 W 7th Street 409
Condo unit for sale in the heart of the Historic Core located near the Downtown's Jewelry District, the LA Athletic Club, and the Orpheum Theatre with concrete floors and stainless steel appliances. PLEASE NOTE: BUYER MUST PURCHASE A MINIMUM OF 4 UNITS. UNITS 301, 310, 411, 911 AND 1207 ARE AVAILABLE.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1911
- Lot Size
- 460 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 460 | 1,252.996 |
| Lot Size | 460 | 26,029.603 |
| Price | $290.0K | $778.5K |
| Price per sq ft | $630 | $629 |
| Built year | 1911 | 1981 |
| HOA | $0 | $676 |
| Days on market | 5 | 74 |
Pricing History
Listed for Sale
Nov 4, 2026
$290,000
Initial Listing
Sold
Dec 22, 2010
$102,000
Public Record
Sold
Oct 11, 2005
$371,000
Public Record
Sold
Mar 15, 2005
$195,000
Public Record