ActiveResidential · sale

215 W 7th Street 407

Los Angeles, CA 90014

$479,000

  • 1 beds
  • 1 baths
  • 755 sq ft
  • 0.37 acres
  • Built 1911

Listed by Coldwell Banker Realty · MLS #26917635

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215 W 7th Street 407, Los Angeles, CA 90014 · MLS #26917635

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Enjoy 24/7 front desk reception and security, rooftop deck with stunning panoramic views, and a courtyard.

Year built

Built in 1911.

Property size

0.37 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Art vibes mix with historic character in this 1 bed, 1 bath live/work loft that combines creativity and function. Situated in the historically designated Bartlett building, this loft benefits from the coveted Mills Act contract, offering owners a significant property tax savings of nearly 70% off. Every single one of the six massive windows showcases city views in addition to bringing in tons of natural light. 755sf of flexible space boasts nearly 11-feet ceilings, original exposed brick-work walls, and concrete floors throughout. The open plan layout is ideal for creating spaces according to your needs. Thoughtful updates include a brand new central heating and AC unit, as well as smart built-in storage throughout. The bedroom area can be open or made private with custom sliding doors, and there is a fully remodeled bathroom with seamless shower, and an oversized W/D in the hall nook. Well maintained and thoughtfully designed, this creative loft is ready to move in. Sale includes vintage stainless steel kitchen island, kitchen appliances, and modular/movable shelf partition. Enjoy 24/7 front desk reception and security, rooftop deck with stunning panoramic views, and a courtyard. There is rentable monthly parking in the building for a fee. The Bartlett building location has a WALKSCORE of 97. Within a few blocks is Whole Foods, upcoming Erewhon, Metro lines, Grand Central Market, Freehand Hotel, Apple Store, LA Athletic Club, Bottega Louie, The Bloc, Alamo Drafthouse, Sugarfish, Kazunori, The Broad, Walt Disney Concert Hall, The Conrad, MOCA, Cliftons, Fashion District, Spring Arcade, Stile Hotel, Hoxton Hotel, and more.

THE NEIGHBORHOOD

Explore the location.

215 W 7th Street 407, Los Angeles, CA 90014

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1911
Full baths
1
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,ElectricCooktop,Disposal,Microwave,Oven,Refrigerator,Dryer,Washer
Pool
No
Pool features
None
Spa
No
Zoning
LAC5
Parcel
5144026042
HOA amenities
ControlledAccess,MaintenanceGrounds,Trash,Water
HOA fee frequency
Monthly
HOA fee
$796.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,995.83
Cap rate

Annual operating income:

HOA: Includes $796.00 per month in HOA dues, converted from the $796.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

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  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26917635 · California Regional MLS

Listing brokerage: Coldwell Banker Realty
Listing agent: Yuri Huxley

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.