2626 Raymond Avenue, Los Angeles CA, 90007
(Active)
$995,000
|
5,326 sqft
|
MLS# 24371013
Last Updated: 4/27/2024 2:46 AM
Description for
2626 Raymond Avenue
Los Angeles, CA 90007
Upside of this property is in its proximity to USC and the enormous upside in rents. Owners have owned this property since 1972. Additionally, The garages have all been vacated to make room for (2) ADU's. Rents below reflect increase as of April 2024. If you add $200,000 for the addition of the (2) ADU's, your actual CAP Rate with current rents plus ADU rent would be 6.66%
Price
$995,000
Los Angeles
5,326 (approx)
24371013
Active
Description
Upside of this property is in its proximity to USC and the enormous upside in rents. Owners have owned this property since 1972. Additionally, The garages have all been vacated to make room for (2) ADU's. Rents below reflect increase as of April 2024. If you add $200,000 for the addition of the (2) ADU's, your actual CAP Rate with current rents plus ADU rent would be 6.66%
Listing Information
| Property Type: Business Opportunities, Other | ||
| 0.19 Acres | 5,326 (approx) | 1922 |
| Frame,Stucco | Multi-Family | |
Public
Natural Gas Available
2 Total
Neighborhood
Room Information
Exterior / Lot Features
9 Parking Spaces,
0 Covered Parking Spaces,
Stucco, Frame
Flat
LARD2
Front Yard
Driving Directions
From Figueroa, move West on Adams and then South on Raymond
Financial Considerations
| 5054011008 |
Cash
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,956,168.
The median household income in Los Angeles, California 90007 is $33,728. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90007 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/26/2024 | Active | $995,000 USD -20.40% |
|
| 3/22/2024 | Active | $1,250,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $1,781 USD | 2.00% | $53,424 USD | 2.00% |
| 2022 | $1,746 USD | 3.01% | $52,377 USD | 2.00% |
| 2021 | $1,695 USD | -0.06% | $51,351 USD | - |
| 2020 | $1,696 USD | 1.50% | $51,351 USD | 1.03% |
| 2019 | $1,671 USD | 9.57% | $50,825 USD | 2.00% |