3110 Raymond Avenue

Los Angeles, CA 90007

$1,245,000
Price
4
Beds
4
Baths
4,168 Sq. Ft.
$299 / Sq. Ft.
4,168
Sq. Ft.
$299
per Sq. Ft.

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...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.
  1. Listed by Victor Migenes • DRE #01833363 • Brokerage DRE #01983759 • Property Concierge
  2. Listed by Vivian Chaing • DRE #01983759 • Brokerage DRE #01983759 • Property Concierge

Property Details for 3110 Raymond Avenue

Zoning
LAR3
Style
Traditional
Cross Streets
Jefferson Blvd
Parcel Number
5040022008
Total Units
4.0
Living Area
4168
Source Living Area
Other
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Property Concierge, Victor Migenes, DRE #01833363; Property Concierge, Vivian Chaing, DRE #01983759
Add your commute
LISTING UPDATED: 02/20/2024 04:38 PM

Property Details for 3110 Raymond Avenue

StatusActive
MLS #23-268363
Days on Market345
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.15 AC / 6,678 SF
CountyLos Angeles County

Location

Listing Courtesy of Property Concierge, Victor Migenes, DRE #01833363; Property Concierge, Vivian Chaing, DRE #01983759
Add your commute

Building Information for 3110 Raymond Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,678 SF

Payment Calculator

$7,294 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,794

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3110 Raymond Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Other
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $55,020
  • Net Operating Income: $43,638.56
  • Gross Income: $55,020
  • Cap Rate: 3.55%
  • Gross Rent Multiplier: $23.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 11381.44
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1533
  • Lot Size Square Feet: 6678
  • Lot Size Dimensions: 50x133
  • Source Lot Size Dimensions: Other
  • Lot Features: Front Yard
  • Lot Description: Front Yard
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 5
  • Covered Parking: 4
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 2
  • Carport Spaces Total: 2
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Dining Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-09-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,240.00
  • Unit Actual Rent: $1,240.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,240.00
  • Unit Actual Rent: $1,240.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,205.00
  • Unit Actual Rent: $1,205.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $73,500.00
  • Assessed Improvement Percent: 34.81
  • Assessed Land Value: $137,746.00
  • Assessed Land Percent: 65.19
  • Assessed Total Value: $211,310.00

Property History for 3110 Raymond Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3110 Raymond Avenue

Taxable ValueLand$310,167Additions$136,468Total$446,635
Tax Record2023$5,998 ($500 / month)
Home Facts
Total Finished SqFt4,168 SqFtAbove Grade Finished SqFt4,168 SqFtLot Size6,678 SqFtStyleQuadraplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5040-022-007

Schools near 3110 Raymond Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
John W. Mack Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3110 Raymond Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on May 8, 2023 by Property Concierge, it's currently listed at $1,245,000. It has been on the market for a total of 345 days and was last sold on October 20, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3110 Raymond Avenue is a 4-bed, 4-bath, 4,168 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Property Concierge, Victor Migenes, DRE #01833363; Property Concierge, Vivian Chaing, DRE #01983759

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.