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$1,997,000

Beds
9
sq ft
4,574

2608 7th Ave, Los Angeles, CA 90018

2608 7th Ave

Los Angeles, CA 90018

  • 17 days on market
Timeless Architectural 5-Unit Gem in Historic Jefferson Park that can be Delivered Vacant. An exceptional opportunity to own a rare architectural property in the heart of Jefferson Park, one of Los Angeles' most vibrant and historic neighborhoods. This well-maintained five-unit property is a perfect investment or owner-user opportunity, offering immediate income potential with all units delivered vacant at the close of escrow. The main two-level building features four spacious units, consisting of three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath units. Complementing these is a fully permitted, detached 2-bedroom, 1-bath accessory dwelling unit (ADU) built in 2023, adding modern convenience to this classic property. Each unit boasts spacious layouts with separate dining areas, bright and inviting living rooms, and expansive kitchens designed for comfortable living. Large windows allow for an abundance of natural light, enhancing the home's warmth and character. A unique and highly desirable feature of this property is that each unit includes two separate entrances and exits, adding flexibility and privacy. Sitting on an expansive 7,500-square-foot corner lot, the property offers stunning curb appeal with fresh landscaping. 2 separate driveways, one off Adams Boulevard and another off 7th Avenue provide ample parking. The secluded private yard is designed as a common lounge and grilling area, creating an inviting space for residents to relax, entertain, and enjoy the best of indoor-outdoor living. located near popular coffee shops, restaurants, and public transportation, this property is an ideal blend of charm, convenience, and investment potential. A rare offering in a prime location, this Jefferson Park treasure is ready for its next owner to bring new vision and opportunity. Contact us today to schedule a private tour.

Details

Property type

Est. home value

$1,512,117

Lot size

7,502 sq ft

Price per sq ft

$437

Year built

Unknown

HOA

No

Price History

03/13/2025
CLAW

CLAW #25507903

Listed
$1,997,000
+40.04%
07/19/2021
CLAW

CLAW #21733992

Sold
$1,426,000
+78.25%
07/31/2015
CLAW

CLAW #15919125

Sold
$800,000

Schools & Community

Neighborhood: 

Jefferson Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$552,058
Asking price
$1,997,000
Closing costs (~8% of asking)
-$159,760
Est. remaining loan balance
-$1,285,182
Cash to seller
$552,058

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Home Mortgage Alliance Corp

Loan start date

June 2021

Original loan amount

$1,400,171

Est. remaining balance

$1,285,182

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Shaina E Gilmore

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 12:15 AM

Listing updated: 03/21/2025 at 5:26 AM

Listed by: Obie Nwabuzor, Pacific Playa Realty Phone #: (310) 256-3040

MLS: CLAW #25507903

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