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2416 W 7th St, Los Angeles, CA 90057
$3,215,000
2416 W 7th St, Los Angeles, CA 90057View this property at 2416 W 7th St, Los Angeles, CA 90057
2416 W 7th StLos AngelesCA90057
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Property Description
Unique opportunity to acquire a mixed-use trophy property that will be delivered completely vacant at closing. Overlooking MacArthur Park, this charming 3-story mixed-use building is perfect for an owner/user or investor. The 12,436 square foot building has been used as Retail, Office and Residential Lofts. The possibilities and potential for this property are endless. The 3rd floor consists of residential lofts/creative office space, which feature 18'-foot high wood-beamed ceilings, Juliet balcony, exposed brick walls and beautiful hardwood floors. You can lease out or run a business from one of the two retail storefronts on the 1st floor. The second story mezzanine would be perfect for offices or storage. Other amenities include an entrance lobby, elevator, 1,700 sq. ft. gated carport parking, storage and large truck-high loading dock with roll-up door. The Property is perfectly situated in the rapidly gentrifying MacArthur Park area located between DTLA and Korea Town.
Full Property Details
Full Property Details for 2416 W 7th St
General
- Sold For: $3,215,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 18-304886
- Added to Site: 2, 304 day(s) ago
Interior
- Interior Features: Elevator
- Appliances: Dishwasher, Garbage Disposal, Refrigerator, Range
Parking
- Parking: Auto Driveway Gate, Built-In Storage, Direct Garage Access
Location
- County: Los Angeles
- Driving Directions: South of Wilshire between Rampart and Alvarado
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Furnace, Forced Air
Structural Information
- # Buildings: 1
- Square Feet: 12,436
- Year Built: 1925
Unit Information
Unit 1
- Total Bathrooms: 2.5
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Sq. Ft.): 7,000
- Zoning: LAC2
Financial Considerations
- Terms: Cash to New Loan
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Schools
Schools serving 2416 W 7th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2300 W 7th St, Los Angeles, CA 90057 | K-5 | 0.1 mi | |
1157 S Berendo St, Los Angeles, CA 90006 | 6-8 | 1 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2416 W 7th St
Date
Details
Price
Change
Source
4/23/2018
Sold
$3,215,000
-19.52%
MLS
3/05/2018
Price Increased
$3,995,000
33.39%
MLS
1/19/2018
Listed
$2,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2416 W 7th St, Los Angeles, CA 90057 (MLS# 18-304886) is a Multi-Family property that was sold at $3,215,000 on April 23, 2018. This property was listed by Robert Baer from our Studio City Office.Want to learn more about 2416 W 7th St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.