Incredible investment opportunity in Boyle Heights, just minutes from Downtown LA and the Arts District. This 4-unit multifamily property sits on a corner lot and features four 1-bedroom, 1-bath units, each with its own address: 2700 & 2702 E 7th St and 1002 & 1004 Orme Ave. All units are currently tenant-occupied, rent controlled (RSO), and rented significantly below market, offering strong upside potential for the savvy investor. The property is low-maintenance with a gated entry for added tenant privacy. Low maintenance! Tenants cover their own utilities with the exception of water for the two units on 7th St, which are on a shared meter. The layout is ideal for passive income, and the location offers high rental demand due to its centrality, making this a perfect buy-and-hold or 1031 exchange opportunity. Don’t miss your chance to own a property with tremendous long-term potential!
Sold for $535,000 on 07/31/25
Listing Provided by:
Manny Perez-Perez DRE #02234216 714-392-6380,
Erik Michael Ransdell, Broker
$535,000
2700 E 7th St, Los Angeles, CA 90023
4beds
4baths
1,670sqft
Quadruplex
Built in 1922
-- sqft lot
$532,900 Zestimate®
$320/sqft
$2,767 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 12:13pm
Listing Provided by:
Manny Perez-Perez DRE #02234216 714-392-6380,
Erik Michael Ransdell, Broker
Bought with:
ENRIQUE CASTELLANOS, DRE #00877805
FRIENDLY HILLS REALTY
Source: CRMLS,MLS#: PW25082755
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,670
- Total interior livable area: 1,670 sqft
Property
Features
- Entry location: 1st Floor
- Pool features: None
Lot
- Size: 4,290 sqft
- Features: Corner Lot
Details
- Parcel number: 5189013020
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Street Lights, Sidewalks
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 2082
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Services availability
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Estimated market value
$532,900