215 W 7th Street 411, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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215 W 7th Street 411
Los Angeles, California 90014
ACTIVE
CONDITION: GOOD
1Beds
1Baths
680Sq Ft
680Lot Size
Property Price
LIST PRICE$340,000
EST. MARKET VALUE
$296,693
14% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at a List Price of $340,000—positioned well above the $296,694 Fair Market Value by -14%. Featuring concrete floors and stainless steel appliances, this unit maintains a Condition Rating of 3. The mandatory 4-unit bulk purchase requirement limits the buyer pool, making this an Institutional Investor asset rather than a residential purchase. It is best suited for Commercial Portfolio Managers seeking to capitalize on the high-demand Historic Core location.
Estimated Market Value
$296,693
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 411 Subject 1 bd · 1 ba · 680 sqft · $436 | $340,000* List Price | 1 | 1 | 680 | $436 | - |
A 746 S Los Angeles Street 607 Sold 1 bd · 1 ba · 650 sqft · $485 · 0.2 mi | $315,000 | 1 | 1 | 650 | $485 | 0.2 mi |
B 215 W 7th Street 602 Sold 1 bd · 1 ba · 780 sqft · $365 | $285,000 | 1 | 1 | 780 | $365 | - |
C 215 W 7th Street 307 Sold 0 bd · 1 ba · 750 sqft · $399 | $299,000 | 0 | 1 | 750 | $399 | - |
D 315 E 8th Street 505 Active Under Contract 1 bd · 1 ba · 670 sqft · $596 · 0.3 mi | $399,000 List Price | 1 | 1 | 670 | $596 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1911, the unit is part of a modern loft conversion (approx. 20 years old). The presence of stainless steel appliances and concrete floors indicates a well-maintained, move-in ready interior consistent with a 15-20 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated in the heart of the Historic Core near the Jewelry District and Orpheum Theatre, offering exceptional walkability and high demand for urban lifestyle living.
- Modern Industrial Aesthetic
The unit features contemporary concrete floors and stainless steel appliances, perfectly capturing the industrial-chic loft style sought after in Downtown Los Angeles.
- Urban City Views
The property offers attractive city light views, providing a quintessential metropolitan atmosphere that enhances the unit's overall appeal and value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =680, other record lot size in square feet = 15922.
- Bulk Purchase Requirement
The listing mandates a minimum purchase of four units, which significantly restricts the buyer pool to institutional investors and excludes individual homeowners.
- Historic Building Maintenance
Built in 1911, the century-old structure may require higher ongoing maintenance costs or face limitations regarding modern structural upgrades compared to newer developments.
About 215 W 7th Street 411
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, 409, 911 AND 1207 ARE AVAILABLE.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1911
- Lot Size
- 680 Sq. Ft.
Interior
- Total Bedrooms
- 1
- 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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 680 | 1,252.996 |
| Lot Size | 680 | 26,029.603 |
| Price | $340.0K | $778.5K |
| Price per sq ft | $500 | $629 |
| Built year | 1911 | 1981 |
| HOA | $0 | $676 |
| Days on market | 5 | 74 |
Pricing History
Listed for Sale
Nov 4, 2026
$340,000
Initial Listing
Sold
Jan 14, 2011
$125,000
Public Record
Sold
May 17, 2005
$320,000
Public Record
Sold
Apr 20, 2005
$260,000
Public Record