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Brick Apartment Community with Elevator
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2892 W 7th St, Los Angeles, CA 90005

59-unit apartment community with on-site laundry and upgraded electrical and elevator services in an Opportunity Zone.

Property SizeContact for details
Days on Market134

Property Features for 2892 W 7th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Opportunity Zone Yes
Multifamily Units 59

Amenities

on-site laundry facility
upgraded electrical
elevator services

Building Details

Construction structurally reinforced brick
Tenancy Multi
Listing Agency: Lyon Stahl Investment Real Estate
Listed By: Taylor Avakian · License #CA 02060040
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate

Investment Insights

Based on property information with market context.

This 59-unit apartment community features structurally reinforced brick construction, on-site laundry, and upgraded electrical and elevator services. Unit interiors include refinished hardwood flooring, porcelain tile kitchen countertops, and upgraded kitchen cabinetry. Floorplans include studio, 1-bedroom, and 2-bedroom layouts, with many bathrooms offering separate bathtubs and pedestal sinks. Select units also include walk-in closets and built-in vanities.

The property is located at 2892 W 7th St in Los Angeles and is described as being in an Opportunity Zone. The listing notes the building is situated between Downtown LA and Hollywood.

The offering also references two ADU conversions and potential tax incentives associated with the Opportunity Zone; interested parties are encouraged to consult their CPA regarding specific eligibility and benefits.

Key Highlights

  • 59‑unit apartment community at 2892 W 7th St in an Opportunity Zone
  • On‑site laundry facility
  • Structurally reinforced brick with upgraded electrical and elevator services

Property Analytics

Current Use

Mel's Apartment Apartment Complex 9 Lives Clothing Store

Suggested Use

Top Pick Tanning Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Buffet Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

59
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

7,271
Businesses Nearby

Demographics for 90005, CA

37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 59-unit apartment community with on-site laundry and upgraded electrical and elevator services in an Opportunity Zone.
Where is this apartment building located?
The property is located at 2892 W 7th St Los Angeles, CA.
What are key features of this property?
This property features: 59‑unit apartment community at 2892 W 7th St in an Opportunity Zone; On‑site laundry facility; Structurally reinforced brick with upgraded electrical and elevator services
More about this property
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