2315 Raymond Avenue

    Los Angeles (City), CA 90007
    • $1,050,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SB20044722
    UPDATED: 35 min ago
    $1,050,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,745
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    Back on the Market and subject to cancellation of existing contract. The property consists of three units. Potential upside in rents to $114,000 (Currently at $64,080). The front home is a 2,133 Sq Ft, two-story, classic tudor architectural home with period crown moldings, baseboards and wainscoting throughout. It has 4 bedrooms, 2 bathrooms and a large family room previously used as a fifth bedroom. Property has been upgraded inside and out. Improvements include remodeling of kitchen and baths with new tile, flooring and counter tops, painting throughout, upgraded plumbing and and electrical. The second structure is a duplex with 2 bedrooms and two baths each, with hardwood floors. This property could be perfect for student housing in this up and coming neighborhood. Great location minutes from USC, LA Live, Convention Center, the Staples Center and downtown LA. A new owner may be able to potentially relocate existing tenants, and renovate for substantial increase in rents. Sold as is in its current physical state with tenants in place. No termite and no repairs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T18:27:48.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/103714443

    2315 Raymond Avenue Los Angeles (City), CA 90007

    • Price: $1,050,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SB20044722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,745
    SQFT
    $280
    $/SQFT
    1905
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Back on the Market and subject to cancellation of existing contract. The property consists of three units. Potential upside in rents to $114,000 (Currently at $64,080). The front home is a 2,133 Sq Ft, two-story, classic tudor architectural home with period crown moldings, baseboards and wainscoting throughout. It has 4 bedrooms, 2 bathrooms and a large family room previously used as a fifth bedroom. Property has been upgraded inside and out. Improvements include remodeling of kitchen and baths with new tile, flooring and counter tops, painting throughout, upgraded plumbing and and electrical. The second structure is a duplex with 2 bedrooms and two baths each, with hardwood floors. This property could be perfect for student housing in this up and coming neighborhood. Great location minutes from USC, LA Live, Convention Center, the Staples Center and downtown LA. A new owner may be able to potentially relocate existing tenants, and renovate for substantial increase in rents. Sold as is in its current physical state with tenants in place. No termite and no repairs.
    Exterior Features

    Construction Materials Shingle SidingStucco Fence YN Yes Fencing Average ConditionBlockWrought Iron Foundation Details Combination Garage Spaces 1.00 Lot Features Lot 6500-9999Rectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances Gas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Door Features French Doors Fireplace Features Living RoomWood Burning Fireplace YN Yes Flooring CarpetTileWood Heating Fireplace(S) Heating YN Yes Interior Features Beamed CeilingsChair RailingsCrown MoldingRecessed LightingWainscoting Laundry Features Individual Room Levels Two Room Type All Bedrooms UpEntryFormal EntryKitchenLiving RoomSeparate Family Room Window Features Casement WindowsWood Frames

    Property Features

    Additional Parcels YN No Association Amenities Controlled Access Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Elevation Units Feet Gross Income 64080.00 Gross Scheduled Income 114000.00 Insurance Expense 3600.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 91238.00 New Construction YN No New Taxes Expense 10762.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 22762.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5340.00 Total Expenses 24500.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 8400.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Lynda Peterson of 3 Leaf Realty Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T18:27:48.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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