2810 7th Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$975,000
2810 7th Avenue, Los Angeles, California 90018
0Bed
0Bath
2,652Sqft
7,503Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Income & Development Potential: The property is a triplex (though listed as a duplex on title) with fully approved permits for two additional ADUs, offering substantial opportunities for increased rental income and maximum ROI for investors.
Top Cons:
Advanced Age & Potential for Deferred Maintenance: Built in 1922, the property is over a century old, likely requiring significant capital expenditure for system upgrades (e.g., plumbing, electrical) and general renovation to meet modern standards and tenant expectations.
Compared to the nearby listings
Price:$975.0K vs avg $799.0K (+$176,000)62%
Size:2,652 sqft vs avg 2,402 sqft69%
Price/sqft:$368 vs avg $36850%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property is over a century old. The listing description and property analysis explicitly state 'Advanced Age & Potential for Deferred Maintenance,' indicating it 'likely requiring significant capital expenditure for system upgrades (e.g., plumbing, electrical) and general renovation to meet modern standards and tenant expectations.' The exterior images show an aged building with visible window AC units, suggesting outdated cooling systems. Without interior photos, it's inferred that kitchens, bathrooms, and other interior components are significantly outdated and require substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1922
Close
-
List price
$975K
Original List price
$1.1M
Price/Sqft
$368
HOA
-
Days on market
-
Sold On
-
MLS number
OC25101322
Home ConditionPoor
Features
Patio
View-
About this home
Investor’s Dream Opportunity in the Heart of Los Angeles! This triplex property, officially listed as a duplex on title, is a rare gem zoned LARD3, offering a wealth of potential for savvy investors with vision. The owner has already secured fully approved permits for two additional ADUs, paving the way for increased rental income and maximum ROI. Imagine the possibilities: capitalize on the existing structure, expand with the ADUs, and transform this property into a high-yield income generator. Located in a rapidly developing area, 2810 7th Ave. is more than just a property—it’s a strategic investment in the future. Don’t miss out on this rare opportunity to build equity and create lasting value.
Nearby schools
3/10
Sixth Avenue Elementary School
Public,•K-5•0.2mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.8mi
5/10
Virginia Road Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.9mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.0mi
2/10
Audubon Middle School
Public,•6-8•1.4mi
5/10
Foshay Learning Center
Public,•K-12•1.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.3mi
4/10
Los Angeles Senior High School
Public,•9-12•2.0mi
4/10
West Adams Preparatory High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
04/06/12
Sold
$256,500
02/24/06
Sold
$585,000
06/17/04
Sold
$415,000
Condition Rating
Poor
Built in 1922, this property is over a century old. The listing description and property analysis explicitly state 'Advanced Age & Potential for Deferred Maintenance,' indicating it 'likely requiring significant capital expenditure for system upgrades (e.g., plumbing, electrical) and general renovation to meet modern standards and tenant expectations.' The exterior images show an aged building with visible window AC units, suggesting outdated cooling systems. Without interior photos, it's inferred that kitchens, bathrooms, and other interior components are significantly outdated and require substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Significant Income & Development Potential: The property is a triplex (though listed as a duplex on title) with fully approved permits for two additional ADUs, offering substantial opportunities for increased rental income and maximum ROI for investors.
Favorable Zoning: Zoned LARD3, this property benefits from highly desirable multi-family zoning in Los Angeles, supporting the planned ADUs and maximizing its density and development potential.
Strategic Location: Situated in a 'rapidly developing area' of Los Angeles, the property is poised for potential appreciation and strong rental demand, making it a strategic investment.
Generous Lot Size: With a 7,503 sqft lot, there is ample space to accommodate the planned ADUs and potentially enhance outdoor amenities, adding significant value and appeal.
Recent Price Reduction: The current list price of $975,000 reflects a significant reduction from the original $1,100,000, indicating a motivated seller and a potential value opportunity for savvy buyers.
Cons
Advanced Age & Potential for Deferred Maintenance: Built in 1922, the property is over a century old, likely requiring significant capital expenditure for system upgrades (e.g., plumbing, electrical) and general renovation to meet modern standards and tenant expectations.
Title Discrepancy: The property is described as a 'triplex' but 'officially listed as a duplex on title,' which could present legal, financing, or permitting challenges that require careful due diligence to resolve.
Mixed School Ratings: While some schools are well-rated, several nearby elementary and middle schools have lower ratings (2-3), which might be a concern for prospective tenants or future buyers with school-aged children.