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$1,195,000   Price Analysis
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3110 Raymond Ave
Los Angeles, CA 90007
4 bed 4 bath 4,168 SqFt ($286/SqFt)
6,680SqFt lot. Built 1922
Listed 2024-06-26, Taxes $5,740
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Located in the Jefferson Park/Adams-Normandie area

West of University Park and USC, this superb investment opportunity is ready for its new owner. This well maintained asset consists of 4 large units, each nearing 1, 000 square feet. All units have formal living rooms, dining rooms and individual laundry rooms.

One unt has an additional tandem bedroom. Off-street parking for 4 cars in the detached garage and carports. Tenants pay their own gas and electric, which are separately metered. Owner pays for water. The interior condition is mostly origin al in clean operable condition. This is an R3 zoned lot for possible development potential. Add-value opportunity and upside potential in rents.


Presented by Vict Migenes at
Property Concierge.
Listing Agent Photo

Property MLS #24-406263 from TheMLSCLAW

Bedrooms: 4

Total Bathrooms: 4
Full Bathrooms: 4

Laundry Facilities: In Unit
Laundry Features: In Unit

Fireplace Features: Dining, Living Room
Heating Features: Wall

Flooring: Mixed

Carport Spaces: 2
Garage Spaces: 2
Garage Description: Carport, Garage Is Detached
Parking Total: 5

Lot Size Acres: 0.1533517
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6680

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2000, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2000

Tenant Pays: Gas, Electric

Balcony
Source Listing Status: Active
County: Los Angeles
Cross Street: Jefferson Blvd
Cap Rate: 3.59
Directions: West of Vermont Ave, North of Jefferson Blvd.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water
Parcel Number: 5040-022-007
Postal Code Plus 4: 2803
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$133,793 + $304,086
$437,879
$5,740
2021$131,170 + $298,124
$429,294
$5,647
2020$129,826 + $295,068
$424,894
$5,696
2019$127,281 + $289,283
$416,564
$5,489
2018$124,786 + $283,611
$408,397
$5,351
2017$122,340 + $278,050
$400,390
$5,244
2016$119,942 + $272,599
$392,541
$5,083
2015$118,141 + $268,505
$386,646
$5,013
2014$115,827 + $263,246
$379,073
$5,056
2013$115,304 + $262,057
$377,361
$5,051
2012$113,044 + $256,919
$369,963
$5,118
2010$110,828 + $251,882
$362,710
$5,035
2009$150,000 + $450,000
$600,000
$7,769
2009$110,000 + $250,000
$360,000
$7,769
2008$156,060 + $468,180
$624,240
$7,874
2007$153,000 + $459,000
$612,000
$7,608

Listed 2024-06-26
$1,195,000
TheMLSCLAW
Listing removed 2024-05-03
$0
TheMLSCLAW
Listed 2023-05-09
$1,245,000
TheMLSCLAW
Listing removed 2019-03-28
$0
CRMLS
Relisted 2019-03-26
$1,100,000
CRMLS
Listing removed 2019-01-29
$0
CRMLS
Listed 2019-01-24
$1,100,000
CRMLS
Listing removed 2010-07-23
$369,800
TheMLSCLAW
Listing removed 2010-01-19
$369,800
SoCalMLS
Sold 2009-12-07
$360,000
ITECH
Listing removed 2009-09-22
$369,800
TheMLSCLAW
Price Changed 2009-09-15
$369,800
TheMLSCLAW
Price Changed 2009-08-25
$379,900
TheMLSCLAW
Relisted 2009-08-21
$380,900
TheMLSCLAW
Listing removed 2009-07-18
$380,900
TheMLSCLAW
Listed 2009-07-14
$380,900
TheMLSCLAW
Listed 2009-07-10
$369,800
ITECH
Listed 2009-07-10
$369,800
TheMLSCLAW
Listed 2009-07-10
$369,800
SoCalMLS
Listing removed 2008-08-08
$499,000
ITECH
Listed 2008-01-07
$499,000
ITECH
Sold 1999-10-06
$275,000
Public Record
Sold 1998-10-14
$171,000
Public Record
Sold 1997-06-12
$285,000
Public Record

Net Operating Income: 42918.55999999

Total Square Feet Living: 4168
Year Built: 1922
Direction Faces: West
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 102
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Vendor Enhanced
Architectural Style: Traditional

John W. Mack Elementary School is a public elementary school located approximately 0.2 miles away.
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Foshay Learning Center is a public elementary, middle and high school located approximately 0.7 miles away.
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Dorothy Brown School is a private middle and high school located approximately 0.2 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.