5721 7th Avenue

Los Angeles, CA 90043

$799,000
Price
4
Beds
3
Baths
2,320 Sq. Ft.
$344 / Sq. Ft.
2,320
Sq. Ft.
$344
per Sq. Ft.

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...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.
  1. Listed by Nila McKnight • DRE #02011842 • Brokerage DRE #01828532 • eXp Realty of Greater Los Angeles

Property Details for 5721 7th Avenue

Zoning
LAR1
Accessibility Features
None
Parcel Number
5006021018
Total Units
2.0
Living Area
2320
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
LISTING UPDATED: 08/29/2024 04:10 PM

Property Details for 5721 7th Avenue

StatusActive
MLS #24-433465
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.14 AC / 6,079 SF
CountyLos Angeles County

Building Information for 5721 7th Avenue

Stories-Residences-Year Built1923Building Size-Lot Size0.14 AC / 6,079 SF

Property Information for 5721 7th Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Security Features: Gated, Window Bars
  • Property Condition: Repair Cosmetic
  • Water Heaters: Yes
  • ADA Compliance: No
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To Existing Loan, Cash To New Loan, FHA
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Owner Pays: Gardener, Gas, Electricity, Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1396
  • Lot Size Square Feet: 6079
  • Lot Size Dimensions: 45x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 0
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Parking Features: Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Washer, Dryer, Refrigerator
  • Kitchen Features: Counter Top
  • Laundry: In Kitchen
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: Slab
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 08-29-2024
  • Listing Terms: Cash, Cash To Existing Loan, Cash To New Loan, Conventional, FHA
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $99,151.00
  • Assessed Improvement Percent: 52.98
  • Assessed Land Value: $87,999.00
  • Assessed Land Percent: 47.02
  • Assessed Total Value: $187,150.00

Property History for 5721 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5721 7th Avenue

Taxable ValueLand$89,758Additions$101,134Total$190,892
Tax Record2023$2,567 ($214 / month)
Home Facts
Total Finished SqFt2,320 SqFtAbove Grade Finished SqFt2,320 SqFtLot Size6,077 SqFtStyleDuplexYear Built1923ZoningLAR1CountyLOS ANGELESAPN5006-021-018

Schools near 5721 7th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alliance Ouchi-O'donovan 6-12 Complex
Charter6 to 12

Whitney Young Continuation 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.

Similar Homes

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5721 7th Avenue is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on August 29, 2024 by eXp Realty of Greater Los Angeles, it's currently listed at $799,000. This listing's school district is Los Angeles Unified School District. Nearby schools include View Park Preparatory Accelerated Charter School, Alliance Ouchi-O'donovan 6-12 Complex and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 5721 7th Avenue is a 4-bed, 3-bath, 2,320 sqft multi-family home built in 1923.

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 eXp Realty of Greater Los Angeles, Nila McKnight, DRE #02011842

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.