Monica Olmos
Century 21 Masters
(626) 986-7539
43 Total Sales
1 in Boyle Heights
$720,000 Price
2700 E 7th St Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated Value: $579,183
4
Beds
4
Baths
1,670
Sq Ft
$347/Sq Ft
Est. Value
Highlights
- Corner Lot
- 1-Story Property
- 3-minute walk to Boyle Heights Sports Center and Park
- Soto Street Elementary School Rated 9+
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
Erik Michael Ransdell, Broker License #02234216 Listed on: 04/15/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 in unit
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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2025
Closed on
Jul 19, 2025
Sold by
Ruiz Salvador
Bought by
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
$44,183
Avg. Annual Appreciation
7.27%
Original Mortgage
$428,000
Outstanding Balance
$423,491
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$155,692
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Boyle Heights, CA
-
Monica Olmos
-
Alex Sanchez
Alex Sanchez
eXp Realty of Southern California, Inc.
(562) 261-0539
64 Total Sales
5 in Boyle Heights
$475K - $1M Price Range
-
Corina Preece
Corina Preece
EXCELLENCE RE REAL ESTATE
(657) 325-8860
45 Total Sales
2 in Boyle Heights
$450K - $2.1M Price Range
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
115 Total Sales
1 in Boyle Heights
$675,800 Price
-
Danielle Fontes
Danielle Fontes
KALEO REAL ESTATE COMPANY
(626) 602-9673
35 Total Sales
1 in Boyle Heights
$440,000 Price
-
Gonzalo Gomez
Gonzalo Gomez
EXCELLENCE RE REAL ESTATE
(562) 414-5730
40 Total Sales
1 in Boyle Heights
$965,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $535,000 | Usa National Title Company | ||
| Ruiz Salvador M | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $428,000 | ||
| Previous Owner | Ruiz Salvador M | $57,529 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $3,041 | $535,000 | $214,000 | $321,000 |
| 2025 | $3,041 | $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
-
Manny Perez-Perez
MP
Seller's Agent in 2025
Manny Perez-Perez
Erik Michael Ransdell, Broker
(714) 392-6380
1 in this area
5 Total Sales
-
Enrique Castellanos
Buyer's Agent in 2025
Enrique Castellanos
FRIENDLY HILLS REALTY
(213) 305-7878
8 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25082755
APN: 5189-013-020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 934 S Mott St
- 1149 Orme Ave
- 1152 S Mott St
- 719 Camulos St
- 656 S Mott St
- 702 S Soto St
- 1109 S Dacotah St
- 1120 S Boyle Ave
- 963 Hollins St
- 953 Hollins St
- 716 S Boyle Ave
- 627 S Soto St
- 2813 E 6th St
- 2734 Lanfranco St
- 713 S Chicago St
- 478 S Mott St
- 3207 Garnet St
- 473 S Savannah St
- 1036 S Grande Vista Ave
- 1143 S Grande Vista Ave
Your Personal Tour Guide
Ask me questions while you tour the home.