215 W 7th Street 301, Los Angeles, California 90014, Los Angeles, 90014 - 1 bed, 1 bath
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215 W 7th Street 301
Los Angeles, California 90014
ACTIVE
CONDITION: GOOD
1Beds
1Baths
730Sq Ft
730Lot Size
Property Price
LIST PRICE$350,000
EST. MARKET VALUE
$321,574
8% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $350,000—positioned well above the $321,575 Fair Market Value by 8%. Featuring a Good Condition Rating with modern concrete floors and stainless steel appliances, this unit offers a prime Historic Core location. The mandatory 4-unit minimum purchase requirement necessitates a strategic approach, making this an Institutional Investor asset rather than a residential purchase. It is an ideal acquisition for Portfolio-Scale Investors seeking to consolidate holdings in a high-walkability downtown district.
Estimated Market Value
$321,574
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 301 Subject 1 bd · 1 ba · 730 sqft · $441 | $350,000* List Price | 1 | 1 | 730 | $441 | - |
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 746 S Los Angeles Street 1001 Sold 0 bd · 1 ba · 872 sqft · $510 · 0.2 mi | $445,000 | 0 | 1 | 872 | $510 | 0.2 mi |
E 746 S Los Angeles Street 403 Active 1 bd · 1 ba · 782 sqft · $447 · 0.2 mi | $349,900 List Price | 1 | 1 | 782 | $447 | 0.2 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, it underwent a major residential loft conversion in the early 2000s. The unit features move-in ready finishes including concrete floors and stainless steel appliances. It remains functional and well-maintained, fitting the 15-20 year renovation criteria for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated in the heart of the Historic Core near the Jewelry District and Orpheum Theatre, offering exceptional walkability and access to downtown's premier cultural amenities.
- Modern Industrial Aesthetic
The unit features concrete floors and stainless steel appliances, providing a highly sought-after contemporary loft feel that appeals to urban professionals.
- Portfolio Growth Opportunity
The availability of multiple units within the same building presents a unique chance for investors to quickly scale their holdings and streamline property management.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =730, other record lot size in square feet = 15922. Living area discrepancy between mls listing and other public or private record. mls listing living area = 730, other record living area = 650.
- Restrictive Purchase Requirement
The mandate that a buyer must purchase a minimum of four units significantly limits the pool of potential buyers to institutional or high-net-worth investors.
- Historic Infrastructure
Originally constructed in 1911, the property may involve higher maintenance costs or limitations associated with century-old building systems and structural age.
About 215 W 7th Street 301
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 310, 409, 411, 911 AND 1207 ARE AVAILABLE.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1911
- Lot Size
- 730 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 | 730 | 1,252.996 |
| Lot Size | 730 | 26,029.603 |
| Price | $350.0K | $778.5K |
| Price per sq ft | $479 | $629 |
| Built year | 1911 | 1981 |
| HOA | $0 | $676 |
| Days on market | 5 | 74 |
Pricing History
Listed for Sale
Nov 4, 2026
$350,000
Initial Listing
Sold
Sep 7, 2012
$140,000
Public Record
Sold
May 2, 2005
$280,000
Public Record