7 days on Rocket
$7,599 Closing Credit¹
#SR25078878, Sandro Bononi, Listing Office: Luxury Collective
#PW25082755·
Listing office: Erik Michael Ransdell, Broker·
Listing agent: Manny Perez-Perez·
Listing office phone: 714-392-6380
$650,000 List price
2700 E 7th St Los Angeles, CA 90023
$7,719
Closing credit¹
0.10 acres
Multi-Family
Property details
About 2700 E 7th St
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!
Highlights
Home typeQuadruplex
StatusActive
Lot size0.0985 Acres
Year built1922
MLS #PW25082755
Summary
- MLS Number: PW25082755
- MLS Name: CRMLS
- Office Name: Erik Michael Ransdell, Broker
- Office Phone: (714) 392-6380
- Office Email: erik.ransdell@strandsrealtygroup.com
- Listing Agent: Manny Perez-Perez
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 10:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$650,000
2700 E 7th St
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $219,566 | $3,024 |
| 2023 | $215,262 | $2,971 |
| 2022 | $211,042 | $2,843 |
| 2021 | $206,905 | $2,802 |
| 2020 | $204,784 | $2,725 |
| 2019 | $200,769 | $2,642 |
| 2018 | $196,833 | $2,586 |
| 2017 | $192,975 | $2,586 |
History based on county public records data.
Nearby schools
4
Soto Street Elementary School
Public District KG-6
0.2 mi
•1020 S Soto St
5
Sunrise Elementary School
Public District KG-6
0.3 mi
•2821 E 7th St
4
Euclid Avenue Elementary School
Public District KG-5
0.4 mi
•806 Euclid Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,479. Typical income of Los Angeles, CA residents is less than $<35k annually. Most families are married, with kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
27%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
25%
Single, No Kids
21%
Single, with Kids
23%
Married, No Kids
31%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Popeyes
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 2700 E 7th St in Los Angeles, CA and zip code 90023 in the Boyle Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $650,000.
In March 2025, from all listings sold in Los Angeles, CA there were more than 302 sold above asking price, over 322 sold below and more than 116 were sold right at the asked price. In March 2025 in Los Angeles, CA there were 13.7% more homes for sale than in February. In March 2025 median list price was $940,937 and the average listing age was 39 days.
From Rocket Homes Real Estate and based on county public records data.