Listed By:
Victor Migenes with Property Concierge;
Address
3110 Raymond Avenue, Los Angeles, CA
Price
$ 1,245,000
Property Attributes
  • MLS#23268363
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • StyleTraditional
  • Price$ 1,245,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage4168
  • Lot Size6,678 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Located in the Jefferson Park/Adams-Normandie area, just west of University Park and USC, this superb investment opportunity is ready for its new owner. This well maintained asset consists of 4 large apartment homes, each nearing 1,000 square feet. All units have formal living rooms, dining rooms and individual laundry rooms. One unit has an additional tandem bedroom. Off-street parking for 4 cars in the detached garages. Tenants pay their own gas and electric, which are separately metered. Owner pays for water. The interior condition is mostly original in clean operable condition. This is an R3 zoned lot for possible development potential. Add-value opportunity and upside potential in rents. Close proximity to University Park, USC Campus, DTLA, Exposition Park, Museum of Natural History, and the Expo Metro line. Convenient to both I-10 & I-110 freeways.

Price History
5/10/2023 Listed $1,245,000

General Features

Sewer SewerTapPaid
Heating WallFurnace
Cooling None
Possession CloseOfEscrow
Zoning LAR3
Garage Spaces 2.0
Architectural Style Traditional
Year Built 1923
Tenant Pays Electricity,Gas
Stories 2
Levels Two
Gross Income 55020.0
County Los Angeles
Net Operating Income 43638.56
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Facing Direction West
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions West of Vermont,North of Jefferson
City Los Angeles
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 1.0
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 6678.0
Private Pool No
Waterfront Y/N No
Carport Spaces 2.0
Carport Y/N Yes
Street Name Raymond
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/3110-Raymond-Ave/INC/23-268363
Days on Market 288
Standard Status Active
Occupancy Description Tenant
Cap Rate 3.55
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Total Bedrooms 4
Electric On Property Y/N No
LivingAreaSource Other
Total Baths 4

Exterior Features

Lot Features FrontYard
Total Parking 5.0
Lot Size Area 6678.0
Number of Buildings 2
Spa No
Building Area Total 4168.0
Lot Dimensions 50x133
Lot Size Acres 0.1533
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90007

Price
AVG $1.71M
$1.25M
Visits
AVG 96
353
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1923
Walkscore
AVG 86
80
Data Provided by Walkscore® not using MLS data