2501 7th Street #A
About This Property
Introducing an exceptional 20-unit investment portfolio featuring four well-maintained residential buildings, each with five spacious units. Each unit offers 2 bedrooms, 1.5 bathrooms, and 952 square feet, catering to modern tenant expectations. With two recently renovated units achieving significantly higher rents than non-renovated units, there's a proven value-add opportunity for increased revenue through selective updates across the portfolio.
Each building includes an on-site laundry facility, providing tenants with convenient access to amenities. Parking is ample, with a combination of covered carport spaces and abundant street parking for residents and guests alike. A central green space between buildings enhances community appeal, offering tenants a recreational area for leisure and gatherings.
Situated in a highly desirable location, the property is close to schools, community parks, and a variety of shopping and dining options, attracting a diverse tenant base. Additionally, its proximity-just 30 minutes-to Dignity Health Memorial Hospital makes this portfolio especially appealing to medical professionals seeking nearby housing.
With its strong rental history, tenant-friendly amenities, and clear potential for revenue growth, this portfolio presents an ideal opportunity for investors seeking long-term stability and increased returns in a competitive market. -
** This Listing is for the 4 Building, 20-Unit Property Portfolio located at 2501 (5 Rental Units), 2517 (5 Rental Units), 2533 (5 Rental Units), and 2549 (5 Rental Units) 7th Street. This portfolio is being sold as a full package (total of 4 buildings, 5 units each, for a total of 20 units). **
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2025 | Price Increased |
$550,000
↑ $20K
(3.8%) | |
| Price Increased | |||
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Price Decreased |
$2,399,900
↓ $599K
(20%) | |
| Price Decreased | |||
| Oct 17, 2024 | Listed by Douglas Elliman of California | $2,999,000 | |
| Listed by Douglas Elliman of California | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/17/2024
|
Loft
|
-
|
-
|
$2,999,000
Loft
-
|
$530,000
-82.33%
08/22/2025
|
Alex Parker
Douglas Elliman of California
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017