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$1,250,000   Price Analysis
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11233 Raymond Ave
Los Angeles, CA 90044
6 bed 4 bath 2,000 SqFt ($625/SqFt)
6,376SqFt lot. Built 1923
Listed 2024-06-16, Taxes $6,657
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Welcome to one of the best and most rare investment of your life time.

This FULLY REMODELED 4 units consist of Three 1 bedroom 1 baths and One 3 bedroom and 1 bath and it's ALL VACANT!!! Subject property has all the security features and is ready for section 8 tenants which todays market rate is $2407 for a one bedrooms and $3915 voucher for the 3 bedroom one. That give subject property a total of $11, 136/ month or about $134, 000 per year (3x $2407 + $3915). All units can be be fences to have their own individual front yard and individual cute backyard.

In addition, the roomy lot allows for 1-2 additional ADU's to further leverage your rental income. Note that the seller have never lived in the property and even though all information deem t be accurate, it is essential to emphasize that the seller and the sell er's agent/ broker does not guarantee any specifics regarding square footage, lot size, permit status, rental income, intended uses, zonings and regulations. Buyer(s) and their agents/brokers are to conduct their own due diligence regarding inspections to satisfy their needs. THIS WONT LAST, SO HURRY UP AND SUBMIT YOUR OFFER TODAY!!!


Presented by Mazdak Sarehkhani at
Mazdak Sarehkhani.


Property MLS #SR24122923 from CRMLS

Bedrooms: 6

Full Bathrooms: 4

Lot Description: Back Yard, Front Yard
Lot Size Acres: 0.1463728
Lot Size Source: Assessor
Lot Size Square Feet: 6376

Garage Spaces: 5

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 5

Rent Control: Yes

Community Features: Suburban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 6076029009
Postal Code Plus 4: 1331
Zoning: LCR320U
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$121,342 + $303,366
$424,708
$6,657
2021$118,963 + $297,418
$416,381
$6,605
2020$117,744 + $294,369
$412,113
$6,648
2019$115,436 + $288,598
$404,034
$6,430
2018$113,173 + $282,940
$396,113
$6,319
2017$110,954 + $277,393
$388,347
$6,211
2016$108,779 + $271,954
$380,733
$6,034
2015$107,146 + $267,869
$375,015
$5,949
2014$105,048 + $262,622
$367,670
$5,962
2013$104,574 + $261,436
$366,010
$5,923
2012$102,524 + $256,310
$358,834
$5,940
2010$100,514 + $251,285
$351,799
$5,800
2009$100,000 + $250,000
$350,000
$5,589
2009$99,763 + $249,407
$349,170
$5,589
2008$88,758 + $216,485
$305,243
$4,944
2007$87,018 + $212,241
$299,259
$4,781

Listed 2024-06-16
$1,250,000
CRMLS
Sold 2024-03-07
$940,000
TheMLSCLAW
Listed 2024-01-24
$825,000
TheMLSCLAW
Sold 2008-10-01
$350,000
ITECH
Listed 2008-04-08
$350,000
ITECH
Listing removed 2007-04-30
$565,000
ITECH
Listed 2006-12-09
$565,000
ITECH
Sold 2003-12-31
$282,000
Public Record
Listing removed 2002-12-25
$240,000
ITECH
Listed 2002-09-25
$240,000
ITECH
Sold 1998-11-03
$180,000
Public Record
Sold 1998-04-16
$115,000
Public Record
Listing removed 1997-05-22
$139,500
ITECH
Listed 1997-02-21
$139,500
ITECH

Net Operating Income: 130000.00

Total Square Feet Living: 2000
Year Built: 1923
Building Features: 3
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 101
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Green Energy Efficient: Water Heater

Woodcrest Elementary School is a public elementary school located approximately 0.4 miles away.
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George Washington Preparatory High School is a public high school located approximately 0.5 miles away.
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St. Frances X. Cabrini is a private elementary and middle school located approximately 0.2 miles away.
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Boys Academic Leadership Academy is a public middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.