Listed By:
Adam Shamooelian with Keller Williams Beverly Hills;
Address
2755 Raymond Avenue, Los Angeles, CA
Price
$ 1,000,000
Property Attributes
  • MLS#23289375
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • Style
  • Price$ 1,000,000
  • Bedrooms7
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage3821
  • Lot Size10,603 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

We are pleased to offer the opportunity to acquire this value-add three (3) unit Student Housing/Multi-Family investment on 2755 Raymond Ave, located in the DPS patrol zone, and close proximity to the University of Southern California (USC). The investment consists of one (1) large apartment building on an oversized 10,602 sqft lot. The property features a unit mix of one (1) 3 bedroom + 2 bathroom unit, as well as two (2) 2 bedroom + 1 bathroom units (one 2+1 to be delivered vacant per the seller). The investment also allows the opportunity to further increase cash flow by adding multiple Accessory Dwelling units (ADU's- Buyer to Verify) in the rear of the structure. Given the location, attractive local area amenities, and opportunity to drastically increase rental income via development as well as tenant turnover, this investment presents an excellent opportunity for an investor to acquire a desirable apartment building in the attractive USC submarket with strong value add upside.

Price History
7/12/2023 Listed $1,000,000

General Features

Zoning LARD2
Year Built 1906
Gross Income 55956.0
County Los Angeles
Net Operating Income 40135.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status ActiveUnderContract
Directions 2755 Raymond Ave,90007
City Los Angeles
View Y/N No
Senior Community Y/N No
Total Units 3
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 10602.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
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 No
Days on Market 205
Standard Status ActiveUnderContract
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Total Bedrooms 7
Electric On Property Y/N No
Total Baths 3

Exterior Features

Total Parking 6.0
Lot Size Area 10602.0
Number of Buildings 1
Spa No
Building Area Total 3821.0
Lot Size Acres 0.2434
Lot Size Units SquareFeet
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
$1M
Visits
AVG 97
285
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1906
Walkscore
AVG 86
80
Data Provided by Walkscore® not using MLS data