1735 7th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90057
Key Details
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 30,319 sqft
Price per Sqft $141
MLS Listing ID SB25193453
HOA Y/N No
Year Built 1913
Lot Size 0.517 Acres
Acres 0.5172
Property Sub-Type Commercial/Residential
Property Description
1735 7th St // 694 S Burlington Ave is a 32-unit mixed use building
located in the Pico Union neighborhood. This
massive 30,319 sqft building is offered at only
$134k/unit and $141/sqft. The property is currently
operating at a 6.68% CAP and 8.30 GRM. There is still
over 51% upside available once the property is
stabilized. The property is individually metered for gas
and electricity.
The building is comprised of (26) apartment units
and (6) Retail Spaces - consistent of (13)
1Bed+1Bath, (13) Studio+1Bath. Currently (2)
studio/1-bath units are vacant, offering immediate
upside in rental income.
694 S Burlington Ave is conveniently located just
minutes from Downtown Los Angeles, with easy
access to the 10 and 110 freeways. There are many
shops, restaurants and amenities nearby, making
this an ideal location for renters.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAC2
Interior
Laundry See Remarks
Exterior
Parking Features Garage
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS. DRIVE BY ONLY. Contact Cameron Samimi - 310.259.7556