Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
1 in Boyle Heights
$470,000 Price
2700 E 7th St Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated Value: $549,020
4
Beds
4
Baths
1,670
Sq Ft
$329/Sq Ft
Est. Value
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
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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
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
$14,020
Avg. Annual Appreciation
2.62%
Original Mortgage
$428,000
Outstanding Balance
$423,878
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$125,142
Purchase Details
Closed on
Oct 28, 2003
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Boyle Heights, CA
-
Lynsey Russell
-
Emma Perez
Emma Perez
Responds QuicklyCentury 21 Cornerstone
(747) 223-6382
83 Total Sales
3 in Boyle Heights
$7K - $1.3M Price Range
-
Paul Gusiff
Paul Gusiff
Westworld Realty Inc.
(669) 202-9633
105 Total Sales
1 in Boyle Heights
$275,000 Price
-
Maribel Munoz
Maribel Munoz
(626) 389-2798
10 Total Sales
2 in Boyle Heights
$475,000 Price Range
-
Bryan Cruz
Bryan Cruz
Realty One Group United
(562) 608-3678
43 Total Sales
1 in Boyle Heights
$725,000 Price
-
Karla Telleria
Karla Telleria
Keller Williams Realty
(424) 393-2593
45 Total Sales
1 in Boyle Heights
$980,000 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 | ||
| -- | -- |
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 | $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 |
|---|---|---|---|---|
| 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
M
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
28 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
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