Listed By:
SCOTT SCHALLER with CLC HOME REALTY INC; 909-208-9301
Address
2220 Raymond Avenue, Los Angeles, CA
Price
$ 1,600,000
Property Attributes
  • MLS#IV23168481
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • StyleQuadruplex
  • Price$ 1,600,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage4864
  • Lot Size6,752 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Located on a quiet street, these four spacious and bright 2 bedroom/ 1 bath units, spanning over two stories, are the perfect investment for your most pickiest buyers! Individual metered units and hot water tanks in each unit. With a spacious lot, an additional ADU unit could be approved, adding even more rental income and value to this incredible property. Also has enough space for garages or car port if the new buyer desires. Best of all, these units are well below market rents. Did we mention all top units have their own balcony? Very, very desirable for renters. Close to Downtown, USC, easy access to 10 freeway, these units are never in short demand to be rented. Make offer asap before these units are gone!!

Price History
9/8/2023 Listed $1,600,000

General Features

Interior Features Balcony,CeilingFans,MultipleStaircases
Sewer PublicSewer
Cooling None,AtticFan
Utilities CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected
Appliances GasOven
Zoning LAR2
Garage Spaces 0.0
Pool Features None
Year Built 1923
Tenant Pays AllUtilities
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 60600.0
Community Features StreetLights,Suburban,Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 48600.0
Operating Expense 12000.0
Insurance Expense 3800.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions 10 west to Normandie Ave (L) to 23rd (L) to Raymond Ave (L)
City Los Angeles
Entry Location 2
View Y/N No
Senior Community Y/N No
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 6750.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 4
Street Name Raymond
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 4020.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 1685.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 116
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 39
Total Actual Rent 6060.0
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No

Interior Features

Fireplace Features LivingRoom
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features ElectricDryerHookup,GasDryerHookup
Entry Level 2
Electric On Property Y/N No

Exterior Features

Lot Features Lawn,StreetLevel
Water Source Public
Total Parking 0.0
Lot Size Area 6750.0
Number of Buildings 1
Spa No
Building Area Total 4864.0
Lot Size Acres 0.155
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
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
$1.6M
Visits
AVG 96
122
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1923