7222 9th Ave
Los Angeles, CA 90043

Bd   — Ba   1,255 Sqft
BOM buyer didn't perform... Don't miss out on this fantastic value-add investment opportunity with two detached homes that will both be delivered vacant at COE!!! This duplex features a front 2 bedroom 1 bath detached house ($1,600/mth market), and then there's a rear detached 1 bedroom 1 bath house ($1,300/mth market). At the $429,000 asking price, the property is only $214,500/unit; a 12.33 current GRM; a 4.86% current CAP Rate; and $342/Sq. Ft. There's 1,255 total rentable sq. ft. between the two units, and it's a spacious 6,083 sq. ft. lot that has a lot of great outdoor space for entertaining the new huge Hollywood Park development, and the future LA Rams stadium so don't miss this great opportunity to invest and see great appreciation over the coming years. Walking distance to future Metro train line along Crenshaw too!
  • Neighborhood: Park Mesa Heights
  • Days on Movoto: 118
  • Year Built: 1957
  • HOA: $0 HOA
  • $/Sqft: $331
  • Lot: 6,083 Sqft
  • Property Type: Multi Family
  • MLS#: SB16189184
  • MLS:
  • Listing Office: Keller Williams Beach Cities
  • Listed By: Matthew Dunfrund
  • Movoto last checked CRMLS for new data 40 minutes ago
  • CRMLS last updated this listing 6 months ago

Home Features for 7222 9th Avenue, Los Angeles

Overview

Compare Similar Homes for 7222 9th Avenue, Los Angeles

Price estimate is $599,890 based on the following nearby homes which average $478/Sqft
You can refine the estimate by removing homes that are not similar
A 1.52 mi
434 E Spruce Ave #108
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B 2.43 mi
3740 Santa Rosalia Dr #111
  • $375,000
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C 2.73 mi
5376 Fairview Blvd #108
  • $400,000
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    57 days

  • 1 Bd
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  • 957 Sqft
  • $418 /Sqft
  • 21,406 Sqft Lot
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D 3.25 mi
6050 Canterbury Dr #E214
  • $399,000
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    4 days

  • 1 Bd
  • 1 Ba
  • 764 Sqft
  • $522 /Sqft
  • 1.92 Acres Lot
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YOU
ARE
HERE
7222 9th Ave
  • $415,000
  • Sold

    118 days

  • — Bd
  • — Ba
  • 1,255 Sqft
  • $331 /Sqft
  • 6,083 Sqft Lot
  • Built 1957
Talk to Movoto About Selling

Property History for 7222 9th Avenue, Los Angeles

Status
Date
Price
Sold
Dec 22, 2016
$415,000
Active Under Contract
Oct 27, 2016
Listed
Oct 5, 2016
Pending
Sep 13, 2016
Listed
Aug 26, 2016
$429,000
#SB16189184

Public Record for 7222 9th Avenue, Los Angeles

3 Beds
2 Baths
1,255 Sqft Building Area
Duplex (2 units, any combination)
6,083 Sqft Lot Size
1957 Year Built
$293,000 Last Sale Price
09/30/2004 Last Sale Date
7222 9th Ave in ZIP code 90043 is a multi family home that was last listed for $415,000. This is 29% below the current median of $585,000 for 90043 and 56% below the current median price of $950,000 for the city of Los Angeles, CA. As of today, , there are 29 properties listed for sale in the 90043 area and 2,265 properties listed for sale in Los Angeles. Of those 2,265 properties for sale, 1,576 are single family homes and 689 are condos. 7222 9th Ave is approximately 1,255 Sqft, 25% below the Los Angeles median of 1,665 and 7% below the 90043 ZIP code median of 1,350. The price per Sqft was $331 which is 22% below the current median price in 90043 of $424 and 46% below the Los Angeles median of $612 per square foot.
Built in 1957, this multi family house at 7222 9th Ave, Los Angeles CA, 90043 is approximately 1,255 square feet and comes with 5 parking spots. It was last listed with a cost per Sqft of $331. 7222 9th Ave is located in the Park Mesa Heights neighborhood in the Los Angeles Unified School District. The closest school is Seventy-Fourth Street Elementary School.

7222 9th Ave, Los Angeles CA, 90043 was on the market for 118 days. The median days on the market for properties in this area is 40 with a median list price of $950,000 and median cost per square foot of $612. Its current status is sold under the MLS #SB16189184.

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