John E Burge

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Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.- MLS# 26831155MLS Provider

7050 Waring AveLos Angeles, CA 90038

Multi-Family · 20 Beds · 9,728 Sq. ft. | 0.19 Acres
$2,895,000 Active

7050 Waring Ave Overview

Time on Site:
53 days
Visits:
0

7050 Waring Ave, a charming 8-unit apartment building located in the highly desirable La Brea neighborhood of Los Angeles, California. Built in1966, the property consists of (4) two-bedroom + two-bathroom units and (4) three-bedroom + two-bathroom units. The building is 9,728 gross square feet and sits on a 8,157 square foot lot.Nestled in the heart of the La Brea area, 7050 Waring Ave offers residents a vibrant Los Angeles lifestyle surrounded by renowned dining, shopping, and cultural destinations. Just minutes from MelroseAvenue and The Grove, this property places tenants in one of LA's most dynamic and centrally located neighborhoods.With a Walk Score of 96, residents enjoy easy access to trendy cafes, popular restaurants, boutique shopping, and nightlife hot spots, as well as nearby destinations like Griffith Park and Sunset Boulevard.7050 Waring Ave also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 6.07%, with the potential to reach a 7.70% CAP rate upon unit turnover.

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7050 Waring Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,728
  • Price/Sq.ft. $298
  • Lot 0.19 Acres

Details

General

Income/Expenses

  • Gross Income: 277060
  • Net Operating Income: 175798.00

Building Information

  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Hollywood

Tax Information

  • Tax Assessed Value: 3684513

General Information

  • Disclosures: None
  • Property Type: Residential Income
  • Zoning: LAR3

Interior

Beds/Baths

  • Bathrooms Total: 16.00
  • Bedrooms Total: 20

General Information

  • Cooling: None
  • Heating: None
  • Levels: Multi/Split
  • Living Area: 9728
  • Living Area Source: Vendor Enhanced
  • Stories: 2

Exterior

Parking Information

  • Parking Total: 15

Lot Information

  • Lot Size Acres: 0.1873
  • Lot Size Area: 8159
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 1

General Information

  • Number Of Units Total: 8
  • Other Structures: None

7050 Waring Ave Neighborhood

Community

90038 (LOS ANGELES) Demographics

34
Median Age
18,237
Population Density (per sq. mile)
40%
College Educated
$48,786
Estimated Median Income
1,034
Estimated Total Home Owners
11,614
Estimated Total Renters
8% / 92%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7050 Waring Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7050 Waring Ave Market Data

Based on the last 30 days in this zip code

$1,363,950
Average List Price
$784
Average Price per Square Foot
10
Properties Sold
115
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

7050 Waring Ave History

Date Event Value Agent
5/7/2026Source: CRMLS Added to Database
May 07, 2026
5/7/2026Source: TheMLS (CLAW) Added to Database
May 07, 2026
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