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3414 7th Ave
Los Angeles, CA 90018
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Owner-user opportunity. Live in one unit and collect rent from the other.
- Rear of the property offers parking for approximately 8 vehicles, a rare and valuable feature for a duplex in this location
- Lot configuration, rear parking area, and alley access make the property a strong candidate for future ADU development under SB1211
- Located just south of Jefferson Blvd, placing it near local shops, restaurants, and everyday neighborhood amenities
Executive Summary
This well-kept side-by-side duplex presents a strong opportunity for an owner-user or investor to acquire a stabilized, updated asset in a convenient South Los Angeles location just below Jefferson Blvd. Built in 1925, the property consists of two spacious two-bedroom, one-bath units generating $1,810.33 and $1,740.69 per month, providing stable in-place income with nearly 50% upside in rents. The interiors have been updated, the property is fully gated, and each unit is separately metered for gas and electricity, with water master metered. The lot benefits from alley access along the north side and rear of the property, improving ingress and egress to the rear parking area, which can accommodate approximately eight vehicles. With its generous parking, gated layout, and potential to add ADUs under SB1211, the property offers multiple paths for future value creation while also qualifying as an attractive owner-user opportunity with available financing options.
Property Facts
| Price Per Unit | $493,745 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 1,408 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1925 |
| Building Class | C | ||
| Zoning | LAR1 - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $493,745 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,408 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | LAR1 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,527 CAD | 704 |
Property Taxes
| Parcel Number | 5044-025-007 | Improvements Assessment | $207,689 CAD |
| Land Assessment | $510,724 CAD | Total Assessment | $718,413 CAD |
Property Taxes
Parcel Number
5044-025-007
Land Assessment
$510,724 CAD
Improvements Assessment
$207,689 CAD
Total Assessment
$718,413 CAD
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