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$535,000
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Property Description
Incredible investment opportunity in Boyle Heights, just minutes from Downtown LA and the Arts District. This 4-unit multifamily property sits on a corner lot and features four 1-bedroom, 1-bath units, each with its own address: 2700 & 2702 E 7th St and 1002 & 1004 Orme Ave. All units are currently tenant-occupied, rent controlled (RSO), and rented significantly below market, offering strong upside potential for the savvy investor. The property is low-maintenance with a gated entry for added tenant privacy. Low maintenance! Tenants cover their own utilities with the exception of water for the two units on 7th St, which are on a shared meter. The layout is ideal for passive income, and the location offers high rental demand due to its centrality, making this a perfect buy-and-hold or 1031 exchange opportunity. Don't miss your chance to own a property with tremendous long-term potential!
Full Property Details
Full Property Details for 2700 E 7th St
General
- Sold For: $535,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25082755
- Added to Site: 298 day(s) ago
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Location
- Area: BOYH - Boyle Heights
- County: Los Angeles
- Development Name: BOYH - Boyle Heights
- Driving Directions: From I-10 E exit on Soto St. Turn right onto E 7th St. Will be on right hand side at the corner of E 7th St and Orme Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 3
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1st Floor
- Square Feet: 1,670
- Year Built: 1922
Lot Features
- Lot Size (Acres): 0.0985
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $320.36
- Price Per Unit: 162500
Listed by Erik Michael Ransdell, Broker, Manny Perez-Perez
Sold by Friendly Hills Realty, ENRIQUE CASTELLANOS
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Schools
Schools serving 2700 E 7th St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Soto Street Elementary School 1020 South Soto Street, Los Angeles, CA 90023 | K-6 | 0.2 mi |
Hollenbeck Middle School 2510 East 6th Street, Los Angeles, CA 90023 | 6-8 | 0.4 mi |
Theodore Roosevelt Senior High 456 South Mathews Street, Los Angeles, CA 90033 | 9-12 | 0.6 mi |
Felicitas And Gonzalo Mendez High 1200 Plaza Del Sol East, Los Angeles, CA 90033 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2700 E 7th St
Date
Details
Price
Change
Source
7/31/2025
Sold
$535,000
-17.69%
MLS
4/15/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2700 E 7th Street, Los Angeles, CA 90023 (MLS# PW25082755) is a Multi-Family property that was sold at $535,000 on July 31, 2025. Want to learn more about 2700 E 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

