Los Angeles, CA 90043,5721 7th AVE

$463,950

$750,000

38.1%
Est.Price: ?

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Est. payment /mo

4 Beds

3 Baths

2,320 SqFt


SOLD DATE : 12/17/2024

Key Details

Sold Price $463,950

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,320 sqft

Price per Sqft $199

MLS Listing ID 24433465

Sold Date 12/17/24

Bedrooms 4

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1923

Lot Size 6,080 Sqft

Property Description

If you're looking to capitalize on a prime investment opportunity in one of South LA's most up-and-coming neighborhoods, this duplex in Park Hills Heights is a must-see. With its strong rental income potential, this property offers both stability and the chance for future growth. The duplex includes a spacious 3 bedroom 2 bathroom unit with a fireplace and washer and dryer. The upstairs unit is a 1 bedroom 1 bathroom unit with a washer and dryer that has been very well maintained for tenants or future owners. There is a long driveway and a covered two car garage. The backyard features a large shed with two separate units that can be used for storage or for future ADU conversion or development possibility. This property is perfectly situated in a neighborhood that's on the rise, with easy access to everything South LA has to offer. Its proximity to major attractions like USC, DTLA, Expo Park, Leimert Park, West Adams, and Jefferson Park, along with quick access to the 110 Freeway and Inglewood, makes it even more desirable.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR1

Rooms

Other Rooms Shed(s)

Interior

Heating Central

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry In Kitchen

Exterior

Parking Features Driveway

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Gated

Accessibility None

Attached Garage No

Private Pool No

Building

Entry Level Two

Foundation Slab

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5006021018

Security Features Gated Community,Window Bars

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nila McKnight • eXp Realty of Greater Los Angeles
Bought with Orlando Ravelo • Compass
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