M
Seller's Agent in 2025
Manny Perez-Perez
Erik Michael Ransdell, Broker
2700 E 7th St Los Angeles, CA 90023
Boyle Heights Neighborhood
4
Beds
4
Baths
1,670
Sq Ft
4,291
Sq Ft Lot
Highlights
- Corner Lot
- 1-Story Property
- 3-minute walk to Boyle Heights Sports Center and Park
- Laundry Room
About This Home
As of July 2025Incredible 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!
Last Agent to Sell the Property
Manny Perez-Perez
Erik Michael Ransdell, Broker License #02234216 Listed on: 04/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 4,290 Sq Ft Lot
- No Common Walls
- Corner Lot
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 1,670 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 66
- Tax Tract Number 1
- Assessor Parcel Number 5189013020
- $390 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,690
- Water Sewer Expense $4,800
- Operating Expense $6,490
- Gross Income $24,984
- Net Operating Income $14,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2025
Closed on
Jul 19, 2025
Sold by
Ruiz Salvador M
Bought by
Harout Dermendjian And Gayane Dermendjian Liv and Dermendjian
Seller's Agent
Manny Perez-Perez
Erik Michael Ransdell, Broker
Buyer's Agent
Enrique Castellanos
FRIENDLY HILLS REALTY
List Price
$650,000
Sold Price
$535,000
Premium/Discount to List
-$115,000
-17.69%
Views
124
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,755
Avg. Annual Appreciation
1.11%
Original Mortgage
$428,000
Outstanding Balance
$427,270
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$110,993
Purchase Details
Closed on
Oct 28, 2003
Sold by
Ruiz Salvador M and Ruiz Josefina E
Bought by
Ruiz Salvador M and Ruiz Josefina E
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $535,000 | Usa National Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $428,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $535,000 | -17.7% | $320 / Sq Ft |
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $650,000 | -- | $389 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,024 | $223,956 | $92,306 | $131,650 |
| 2024 | $3,024 | $219,566 | $90,497 | $129,069 |
| 2023 | $2,972 | $215,262 | $88,723 | $126,539 |
| 2022 | $2,844 | $211,042 | $86,984 | $124,058 |
| 2021 | $2,803 | $206,905 | $85,279 | $121,626 |
| 2020 | $2,826 | $204,784 | $84,405 | $120,379 |
| 2019 | $2,726 | $200,769 | $82,750 | $118,019 |
| 2018 | $2,642 | $196,833 | $81,128 | $115,705 |
| 2016 | $2,514 | $189,192 | $77,979 | $111,213 |
| 2015 | $2,481 | $186,351 | $76,808 | $109,543 |
| 2014 | $2,515 | $182,702 | $75,304 | $107,398 |
Source: Public Records
Agents Affiliated with this Home
-
-
Enrique Castellanos
Buyer's Agent in 2025
Enrique Castellanos
FRIENDLY HILLS REALTY
(213) 305-7878
7 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25082755
APN: 5189-013-020
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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