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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

    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!

    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#: PW25082755MLS LogoOriginating 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