4141 East 7th Street
4141 East 7th Street
Listed By Compass
Listed By Compass
Description
The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants.
The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually.
Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations.
Property is also listed under Residential Income MLS #SB24093615
Listing Agents
![Leonard LaRocca]()
leonard.larocca@compass.comP: 310.614.2958
![Teodora Panayotova]()
teodora.larocca@compass.comP: 310.698.6444
Property Details for 4141 East 7th Street
Location
Property Details for 4141 East 7th Street
| Status | Active |
|---|---|
| MLS # | SB24092079 |
| Days on Market | 12 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1958 |
| Lot Size | 0.06 AC / 2,659 SF |
| County | Los Angeles County |
Location
Building Information for 4141 East 7th Street
Payment Calculator
$6,715 per month
30 year fixed, 7.25% Interest
$6,003
$712
$0
Property Information for 4141 East 7th Street
- Gross Income: $67,423
- Gross Scheduled Income: $120,000
- Gross Operating Income: $120,000
- Net Operating Income: $67,423
- Current Financing: None
- Operating Expense: $27,289
- Expense Year: $27,289
- Gardener Expense: $855
- Licenses Expense: $278
- Insurance Expense: $1,961
- Maintenance Expense: $3,000
- Professional Management Expense: $7,870
- Other Expense: $2,473
- Other Expense Description: utilties
- Trash Expense: $0
- Water Sewer Expense: $0
- Real Estate Tax Expense: $8,550
- Supplies Expense: $1,500
- Total Expenses: $27,289
- Tax Year: 2024
- Tax Annual Amount: $8,549
- Tax Tract Number: 0000
- Tax Lot: 6
- Community Features: Biking, Curbs, Park, Sidewalks, Street Lights
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: In Closet, In Kitchen, Inside
- Laundry Equipment Own Lease: Own
- Cooling: Central Air
- Heating Type: Forced Air
- Heating: Forced Air
- Security Features: Carbon Monoxide Detector(s), Security Lights, Security System, Smoke Detector(s)
- Construction Materials: Stucco, Wood Siding
- Exterior Construction: Stucco, Wood Siding
- Entry Location: Ground
- Fence: Yes
- Fence: Wood
- Fencing: Wood
- Pool Features: None
- Pool Description: None
- Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers Timer
- Land Use: Office, Other
- Lease Considered: No
- Number Of Units: 2
- Land Lease: No
- Land Lease Type: Fee
- Sprinklers: Yes
- Water: Public
- Sewer: Public Sewer
- Utilities: Sewer Connected
- Electric: Sewer Connected
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Driveway
- Uncovered Spaces: 4
- Open Other Spaces Total: 5
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Driveway, Concrete, Gravel
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Building Status: Existing
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Partially
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $36,000
- Unit Type Pro Forma: 4000
- Unit Type Area: 550
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Description: Commercial Zoned
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $6,833
- Unit Type Total Rent: $82,000
- Unit Type Pro Forma: 100000
- Unit Type Area: 571
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Description: Residential Zoned
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 2
- Number With Range: 2
- Number With Refrigerator: 2
- Number With Disposal: 2
- Number With Patio: 2
- Number Wall AC: 2
Property History for 4141 East 7th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4141 East 7th Street
Schools near 4141 East 7th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Fremont Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Select Community Day (Secondary) School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, Leonard LaRocca, DRE #01401046; Compass, Teodora Panayotova, DRE #01715774
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.