2892 W 7TH ST Los Angeles CA 90005-4204

Matthews Real Estate Investment Services™, as

the exclusive listing agent, is pleased to offer the opportunity to acquire 2892 W 7th St, a 59-unit apartment community located in an Opportunity Zone in prime Koreatown. Nestled between Downtown LA and Hollywood, this submarket’s popularity has grown significantly over recent years and is a favorite destination among many young professionals for its endless selection of authentic restaurants, cafes, shopping, nightlife, and proximity to work hubs.

The “Artiste Apartments” features structurally reinforced brick, an on-site laundry facility, and upgraded electrical and elevator services. Select interior unit improvements include refinished hardwood flooring, porcelain tile kitchen countertops, and upgraded kitchen cabinetry. These lovely studio, 1 bedroom, and 2 bedroom floorplans are spacious, light, and extremely comfortable. A majority of the bathrooms feature separate bathtubs and pedestal sinks. Many units also offer walk-in closets and built-in vanities.

2892 W 7th St represents a unique opportunity to acquire a pride of ownership property in a great neighborhood of LA. This rare buying opportunity provides a new investor with strong cashflow year one, over 20% in rental upside, two ADU conversions, and potential tax incentives by being situated in an Opportunity Zone (please consult with your CPA to confirm specific tax incentives).

• 59 Unit Apartment Community, Built in 1923
• Unit Mix: (2) – 2Bed/1Bath; (7) – 1Bed/1Bath; (46) – Studio;
• and (4) – Bachelor Units
• Two Units Deliverable Vacant
• 21% Rental Upside
• Opportunity Zone
• On-Site Laundry Facility
• Master-Metered for Gas & Electric
• A Walk Score of 95 – “Walker’s Paradise”
• High Density Rental Market with Strong Demographics
• 34,850 Rentable SqFt on a 9,300 SqFt Lot with LAC2 Zoning