4085 West 7th Street

Los Angeles, CA 90005

$9,990,000
Price
48
Beds
48
Baths
29,020 Sq. Ft.
$344 / Sq. Ft.
29,020
Sq. Ft.
$344
per Sq. Ft.

Description

UNIT MIX: 2Bed, 1.75Bath x 20. 1Bed, 1Bath x 8. Actual Monthly Income: $53,200/mo. $638,400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wilshire Park in greater Mid-Wilshire area, just a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with...UNIT MIX: 2Bed, 1.75Bath x 20. 1Bed, 1Bath x 8. Actual Monthly Income: $53,200/mo. $638,400/yr. FIRST TIME ON THE MARKET in over two decades, this self-run/easy managed 28-unit RC/HPOZ apartment is situated in the quiet small pocket of Wilshire Park in greater Mid-Wilshire area, just a block south from Windsor Square-Hancock Park with an average home price of over $6 million +. This apartment comes with an ample subterranean gated parking for 20 cars in addition to plenty more street parking with District #566 Permit Exempt dedicated for sufficient parking allocation in the neighborhood. It has a community laundry, hardwood floored units with amazing sizeable layouts reminiscent of good-ole heydays when spaces weren't any concerns and built on a massive 27,000 SF RD2 corner-lot with huge open COURTYARD. A quick 10 min-walk to Wilshire/Western Metro station, an easy 10 min-drive to DTLA and Beverly Hills to east and west. All units have been remodeled within the last ten years per owner. All units are current on their rents with majority long-termed lessees. Showing/Inspection upon "accepted offer" DRIVE-BY ONLY! For all inquiries, email L/A. Phone calls will not be answered.
  1. Listed by Peter Yoo • DRE #01449891 • Brokerage DRE #01004371 • Masters Realty & Investment

Property Details for 4085 West 7th Street

Water Front
None
Zoning
LARD2
Cross Streets
Norton Ave
Accessibility Features
None
Parcel Number
5092009030
Total Units
28.0
Living Area
29020
Source Living Area
Vendor Enhanced
LISTING UPDATED: 08/16/2024 04:00 PM

Property Details for 4085 West 7th Street

StatusActive
MLS #24-407923
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.62 AC / 27,186 SF
CountyLos Angeles County

Virtual Tour

Building Information for 4085 West 7th Street

Stories2Residences-Year Built1955Building Size-Lot Size0.62 AC / 27,186 SF

Property Information for 4085 West 7th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 28
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 28
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Additions Alterations: No
  • Water Heater Features: Water Heater Unit
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $638,400
  • Net Operating Income: $478,400.00
  • Gross Income: $638,400
  • Cap Rate: 4.80%
  • Gross Rent Multiplier: $15.50
  • Actual Annual Gross Rent: $638,400.00
  • Actual Gross Annual Income: $638,400
  • Actual Rent Total: $638,400.00
  • Owner Pays: Water
  • Total Annual Expense: 160000
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: No
  • Lot Acreage: 0.6241
  • Lot Size Square Feet: 27186
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Subterranean, Gated, Private
  • Total Parking: 20
  • Covered Parking: 20
  • Parking Features: Subterranean, Gated, Private
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Carpet
  • Equipment: Garbage Disposal, Microwave, Refrigerator, Gas Or Electric Dryer Hookup, Built-Ins, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Laminate Counters, Remodeled Kitchen
  • Kitchen Features: Laminate Counters, Remodeled
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas
  • Laundry: Community
  • Laundry Equipment: Lease
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-27-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 20
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $696,039.00
  • Assessed Improvement Percent: 14.29
  • Assessed Land Value: $4,176,299.00
  • Assessed Land Percent: 85.71
  • Assessed Total Value: $4,872,338.00

Property History for 4085 West 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4085 West 7th Street

Taxable ValueLand$4,259,824Additions$718,414Total$4,978,238
Tax Record2024$63,636 ($5,303 / month)
Home Facts
Total Finished SqFt29,020 SqFtAbove Grade Finished SqFt29,020 SqFtLot Size27,178 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLARD2CountyLOS ANGELESAPN5092-009-030

Schools near 4085 West 7th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Wilshire Park Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 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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4085 West 7th Street is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on June 27, 2024 by Masters Realty & Investment, it's currently listed at $9,990,000. It has been on the market for a total of 146 days and was last sold on June 3, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Park Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 4085 West 7th Street is a 48-bed, 48-bath, 29,020 sqft multi-family home built in 1955.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Masters Realty & Investment, Peter Yoo, DRE #01449891

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.