3110 Raymond Ave - Apartments FOR SALE


Los Angeles, CA 90007- Koreatown
$1,195,000 USD
310-463-5181
3110 Raymond Ave, Los Angeles, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/15
null | 3.59% Cap Rate

3110 Raymond Ave
Los Angeles, CA 90007
Koreatown


HIGHLIGHTS

  • Quiet street in sought after USC/Jefferson Park/Adams Normandie area.
  • Ample off street parking
  • Hugh units with Formal living and dining rooms separate laundry room. Approximately 1000 sqft per unit
  • Excellent area for redevelopment, TOC Tier 1, ZONE R3
  • Close proximity to USC Campus, University Park, The Expo line, Natural History Museum, DTLA.
  • Close access to the 110 and 10 Fwy

OVERVIEW

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 units, 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 garage and carports. 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. Long term tenants on month-to-month leases. Offers are subject to interior inspection. The property to be delivered with current tenants in place.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

3.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

5040-022-007

ASK ABOUT THIS PROPERTY

Vivian ChaingParcelle, Inc.More Info
310-463-5181

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Vivian ChaingParcelle, Inc.More Info
310-463-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.