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2015 Raymond Ave

Los Angeles, CA 90007
  • $3,145,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 22-145215
Price Reduced
UPDATED: 44 min ago
$3,145,000
  • 12
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,982
    SQFT
  • $394
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Description

We are pleased to offer for sale this brand new 2018 construction, non-rent control, four (4) unit, twelve (12) bedroom + twelve (12) bathroom student housing investment opportunity, located blocks to the University of Southern California (USC). The investment comes with RTI approved plans and permits to construct two (2) ADU's - one (1) 2-bedroom + 2-bathroom ADU, and one (1) 3-bedroom + 3-bathroom ADU. The subject property features brand new hardwood floors, copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer & dryers. Unit mix consists of four (4) 3-bedroom + 3-bathroom units, high 9ft ceilings, and each unit is approximately 1,650 sqft. The property is approximately 6,500 rentable square feet on a 5,700 square foot lot and is comprised of two (2) separate structures. The total combined square footage including the ADU's is about 7,982 Square feet.The investment is 100% occupied with USC students and fully leased for the 2022-2023 academic school year. Leases are parent guaranteed and occupancy levels routinely achieve 100% for the school year. Current income is $15,000/Month, and with the completed ADU's, total combined income would be approximately $20,000/Month. Expenses are light as the tenants pay for all utilities - Water, trash, gas, and electricity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127588996
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2015 Raymond Ave Los Angeles, CA 90007

  • Price: $3,145,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 44 min ago
  • MLS #: 22-145215
12
Beds
0
Baths
0
½ Baths
0.13
Acres
7,982
SQFT
$394
$/SQFT
2018
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
We are pleased to offer for sale this brand new 2018 construction, non-rent control, four (4) unit, twelve (12) bedroom + twelve (12) bathroom student housing investment opportunity, located blocks to the University of Southern California (USC). The investment comes with RTI approved plans and permits to construct two (2) ADU's - one (1) 2-bedroom + 2-bathroom ADU, and one (1) 3-bedroom + 3-bathroom ADU. The subject property features brand new hardwood floors, copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer & dryers. Unit mix consists of four (4) 3-bedroom + 3-bathroom units, high 9ft ceilings, and each unit is approximately 1,650 sqft. The property is approximately 6,500 rentable square feet on a 5,700 square foot lot and is comprised of two (2) separate structures. The total combined square footage including the ADU's is about 7,982 Square feet.The investment is 100% occupied with USC students and fully leased for the 2022-2023 academic school year. Leases are parent guaranteed and occupancy levels routinely achieve 100% for the school year. Current income is $15,000/Month, and with the completed ADU's, total combined income would be approximately $20,000/Month. Expenses are light as the tenants pay for all utilities - Water, trash, gas, and electricity.
Exterior Features

Lot Size Area 5700 Other Structures None Parking Garage OtherGarageDriveway Style Modern Total Parking 6 View Description City View YN Yes

Interior Features

Baths Total 12.00 Cooling Other Equipment Range/OvenRefrigeratorWasherDryerDishwasherFreezerGarbage DisposalOther Flooring Hardwood Heating Other

Property Features

Assessed Total Value 1370197 Gross Income 249600 Gross Operating Income 249600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 198501.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Developer Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 51099 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210