Los Angeles, CA 90005 4085 W 7th Street

4085 W 7th Street Los Angeles, CA - Image 14085 W 7th Street Los Angeles, CA - Image 24085 W 7th Street Los Angeles, CA - Image 3
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Presented By: Peter Yoo with High Equity Real Estate Service, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24407923
  • 06/27/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 48
  • Baths • 48
  • SQFT • 29,020

Home Details

UNIT MIX: 2Bed, 1.75Bath x 20. 1Bed, 1Bath x 8. Actual Monthly Income: $53,200/mo. $638,400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wilshire Park in greater Mid-Wilshire area, just a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with District #566 Permit Exempt dedicated for sufficient parking allocation in the neighborhood. It has a community laundry, hardwood floored units with amazing sizeable layouts reminiscent of good-ole heydays when spaces weren't any concerns and built on a massive 27,000 SF RD2 corner-lot with huge open COURTYARD. A quick 10 min-walk to Wilshire/Western Metro station, an easy 10 min-drive to DTLA and Beverly Hills to east and west. All units have been remodeled within the last ten years per owner. All units are current on their rents with majority long-termed lessees. Showing/Inspection upon "accepted offer" DRIVE-BY ONLY! For all inquiries, email L/A. Phone calls will not be answered.
Presented By: Peter Yoo with High Equity Real Estate Service, Inc.;

Interior Features for 4085 W 7th Street

Bedrooms

Total Bedrooms48

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths48

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Wood
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea
Total Stories2

General for 4085 W 7th Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasCooktop, Disposal, Microwave, Refrigerator
Attached Garage No
Cap Rate4.8
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsWest of Wilton Pl, North of Olympic.
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Facing DirectionSouth
Full Baths
Garage Y/NNo
Gross Income638400.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet27186.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income478400.0
New ConstructionNo
Number Of Units Total28
Occupancy TypeTenant
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
ViewNone
Virtual TourClick here
Waterfront Y/NNo
Year Built1955
ZoningLARD2

Exterior for 4085 W 7th Street

Building Area Total29020.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.6241
Lot Size Area27186.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUnderground, Gated, Private
Private PoolNo
SpaNo
Total Parking20.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $9,990,000
MLS#24407923
List Date 06/27/2024
Property Type Multi-Family
Phone 714.742.6515
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