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Spence @ 7th Street Residences (5) is a highly-rated rental option, garnering a Zumper Expert Rating of 9.1, with exceptional amenities and a prime location. It offers a competitive price rating of 9 out of 10 and features such as large windows, walk-in closets, and in-unit appliances. This property is also noteworthy for its proximity to top-rated schools, presenting an impressive quality of living in its category.
Things you’ll love
More spaceElementary school nearbyHigh school nearbyGreat for
Pet owners| Spence @ 7th Street Residences (5) - 1006... | 3 bed | 3 bath | 1,500 sqft | $3,595 /mo | This brand new 3-story unit is ready for immediate move-in and offers a perfect blend of comfort and modern convenience. Located on a quiet street, you'll enjoy peace and privacy while being conveniently close to Downtown LA and the vibrant Arts District. The large and tall windows provide an abundance of natural light. All new appliances included: washer and dryer, stainless steel refrigerator, dishwasher, stove, microwave, central air conditioning & heating, and a host of energy efficient products from LED lighting to water conservation devices. The large 1,500 sf of living area offers Two Master Bedrooms with en-suite bathrooms located on 3rd floor with walk-in closets and city views. The lease comes with 2-car parking with remote control access gate. Ideally located within a short walk to restaurants and groceries, and easy access to several major freeways and transportation services. Don't miss out on this fantastic opportunity to lease a spacious, brand new unit in a prime locati |
Let's explore this property.
Building
| Cats OK | Controlled Access |
| Dogs OK |
Grounds
| Gate |
One-time. Agent application fee.
One-time.
Monthly. 1 cat max.
Monthly. 1 dog max.
Questions about this property’s policies and fees?
| Units | 1 |
|---|
This brand new 3-story unit is ready for immediate move-in and offers a perfect blend of comfort and modern convenience. Located on a quiet street, you'll enjoy peace and privacy while being conveniently close to Downtown LA and the vibrant Arts District. The large and tall windows provide an abundance of natural light. All new appliances included: washer and dryer, stainless steel refrigerator, dishwasher, stove, microwave, central air conditioning & heating, and a host of energy efficient products from LED lighting to water conservation devices. The large 1,500 sf of living area offers Two Master Bedrooms with en-suite bathrooms located on 3rd floor with walk-in closets and city views. The lease comes with 2-car parking with remote control access gate. Ideally located within a short walk to restaurants and groceries, and easy access to several major freeways and transportation services. Don't miss out on this fantastic opportunity to lease a spacious, brand new unit in a prime location.
How Spence @ 7th Street Residences (5) compares to other nearby properties.
Positives
Considerations
3-bedroom apartments at Spence @ 7th Street Residences (5) cost about 11% more than the average rent price for 3-bedroom apartments in Boyle Heights.
| Month | Median Rent |
|---|---|
| March 2024 | $1,711 |
| April 2024 | $1,718 |
| May 2024 | $1,750 |
| June 2024 | $1,778 |
| July 2024 | $1,816 |
| August 2024 | $1,848 |
| September 2024 | $1,848 |
| October 2024 | $1,801 |
| November 2024 | $1,814 |
| December 2024 | $1,845 |
| January 2025 | $1,848 |
| February 2025 | $1,815 |
| March 2025 | $1,810 |
| April 2025 | $1,756 |
| May 2025 | $1,745 |
| June 2025 | $1,750 |
| July 2025 | $1,750 |
| August 2025 | $1,736 |
| September 2025 | $1,702 |
| October 2025 | $1,702 |
| November 2025 | $1,709 |
| December 2025 | $1,738 |
| January 2026 | $1,739 |
| February 2026 | $1,721 |
| March 2026 | $1,700 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,572 |
| April 2024 | $1,509 |
| May 2024 | $1,548 |
| June 2024 | $1,477 |
| July 2024 | $1,516 |
| August 2024 | $1,466 |
| September 2024 | $1,443 |
| October 2024 | $1,462 |
| November 2024 | $1,559 |
| December 2024 | $1,536 |
| January 2025 | $1,477 |
| February 2025 | $1,488 |
| March 2025 | $1,476 |
| April 2025 | $1,425 |
| May 2025 | $1,426 |
| June 2025 | $1,326 |
| July 2025 | $1,323 |
| August 2025 | $1,376 |
| September 2025 | $1,450 |
| October 2025 | $1,473 |
| November 2025 | $1,495 |
| December 2025 | $1,450 |
| January 2026 | $1,303 |
| February 2026 | $1,221 |
| March 2026 | $1,235 |
Can I afford to live at 1012 Spence St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
$143,800/yr
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Mid-City West • 5700 W 6th St
2 Beds
$3,025–$3,478
Hollywood Hills West • 1714 N Mccadden Pl
2 Beds
$3,400–$4,545
East Hollywood • 4575 Santa Monica Blvd
2 Beds
$2,950
Hollywood Studio District • 5750 Hollywood Blvd
2–3 Beds
$3,359–$7,677
East Hollywood • 200 N Vermont Ave
2 Beds
$4,094–$4,622
Downtown Los Angeles • 125 4th Street
2 Beds
$3,100–$3,400
Greater Echo Park Elysian • 355 Glendale Blvd
2–3 Beds
$2,271–$6,182
