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:
  • $/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 1 hour ago
  • CRMLS last updated this listing 2 months ago
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Property History for 7222 9th Ave, 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

Basic Info
Beds : 3
Baths : 2
Building Area : 1,255 Sqft
Duplex (2 units, any combination)
Partial Baths :
Rooms :
Lot Size : 6,083 Sqft
Year Built : 1957
Last Sale Price : $293,000
Last Sale Date : 09/30/2004
House Features

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YOU
ARE
HERE
7222 9th Ave
  • $415,000
  • Sold

    08/26/2016

  • — Bd
  • — Ba
  • 1,255 Sqft
  • $331/Sqft
  • 6,083 Sqft Lot
  • Built 1957
7222 9th Ave in ZIP code 90043 is a multi family home that was last listed for $415,000. This is 36% below the current median of $649,900 for 90043 and 53% below the current median price of $875,000 for the city of Los Angeles, CA. As of today, , there are 47 properties listed for sale in the 90043 area and 1,884 properties listed for sale in Los Angeles. Of those 1,884 properties for sale, 1,315 are single family homes and 569 are condos. 7222 9th Ave is approximately 1,255 Sqft, 24% below the Los Angeles median of 1,651 and 18% below the 90043 ZIP code median of 1,524. The price per Sqft was $331 which is 18% below the current median price in 90043 of $403 and 42% below the Los Angeles median of $574 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 for $429,000 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. Its current status is sold under the MLS #SB16189184.

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