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!
Sold for $535,000
Listed by: Erik Michael Ransdell, Broker • Manny Perez-Perez • Contact: 714-392-6380
Bought with: FRIENDLY HILLS REALTY
$535,000
2700 E 7th St, Los Angeles, CA 90023
4beds
4baths
1,670sqft
Quadruplex
Built in 1922
-- sqft lot
$534,200 Zestimate®
$320/sqft
$3,156 Estimated rent
Home value
$534,200
$481,000 - $593,000
$3,156/mo
Zestimate® history
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$3,156/mo
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$3,156/mo
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$3,363/mo
Est. payment
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$3,363/mo
Est. payment
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Corner lotGated entry
Zillow last checked:
Listing updated:
Listed by:
Manny Perez-Perez DRE #02234216 714-392-6380,
Erik Michael Ransdell, Broker
Bought with:
ENRIQUE CASTELLANOS, DRE #00877805
FRIENDLY HILLS REALTY
Source: CRMLS,MLS#: PW25082755
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,670
- Total interior livable area: 1,670 sqft
Property
Features
- Entry location: 1st Floor
- Pool features: None
Lot
- Size: 4,290 Square Feet
- Features: Corner Lot
Details
- Parcel number: 5189013020
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Gutter(s), Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $320/sqft
- Tax assessed value: $223,956
- Annual tax amount: $3,041
- Date on market: 4/15/2025
- Cumulative days on market: 77 days
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 2082
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $535,000-17.7%$320/sqft |
Source:  CRMLS #PW25082755 Report a problem | ||
| 7/6/2025 | Pending sale | $650,000$389/sqft |
Source: CRMLS #PW25082755 Report a problem | ||
| 4/16/2025 | Listed for sale | $650,000$389/sqft |
Source: CRMLS #PW25082755 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,041 +0.6% | $223,956 +2% |
| 2024 | $3,024 +1.8% | $219,566 +2% |
| 2023 | $2,972 +4.5% | $215,262 +2% |
| 2022 | $2,844 +1.5% | $211,042 +2% |
| 2021 | $2,803 -0.8% | $206,905 +1% |
| 2020 | $2,826 | $204,784 +2% |
| 2019 | $2,826 +6.9% | $200,769 +2% |
| 2018 | $2,642 | $196,833 +2% |
| 2017 | $2,642 +2.1% | $192,975 +2% |
| 2016 | $2,587 +2.9% | $189,192 +1.5% |
| 2015 | $2,514 0% | $186,351 +2% |
| 2014 | $2,515 | $182,702 +18.1% |
| 2003 | -- | $154,644 +2% |
| 2002 | -- | $151,613 +4% |
| 2000 | -- | $145,727 |
Find assessor info on the county website
Neighborhood: Boyle Heights
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Nearby schools
GreatSchools rating
- 9/10Soto Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 6/10Hollenbeck Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 0.7 mi
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Estimated market value
$534,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$534,200
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