2315 Raymond Ave, Los Angeles, CA 90007

2315 Raymond Ave, Los Angeles, CA 90007

Los Angeles, CA

Property Description

We are pleased to present a 3-unit property located in the USC Lyft Ride Program zone which allows for USC students, faculty, and staff free rides up to 2 am seven days a week. The property consists of a Single-Family house at the front and a two-story duplex at the back; total of 3,745 rentable square feet (SF) on a 6,885 SF lot. The 2,133 SF house in the front has 4 bedrooms on the top floor and a total of 2 bathrooms. The bottom floor presents a kitchen, a laundry room, a large storage room, a separate living room from the entrance, a separate dining room, and an oversized separate den (300+ SF) with a private entrance from the street. The bottom floor offers an ideal floorplan to add extra bedrooms without incurring in major modifications to the current layout The two units in the back are identical to each other. They are both 806 SF with 2-bedrooms and 2-bathrooms each unit. Near Downtown Los Angeles, University of Southern California, and Koreatown, the subject property gives tenants convenient access to the Santa Monica Freeway, 110-Freeway, public transportation, and easy access to local amenities and dining destinations. (Agents in the MLS See Link to Supplemental Info)

Property Features

  • Sale Price: $1,060,000
  • Area Size: 3,745 Sq. Ft.
  • Land Area: 6,885 Sq. Ft.
  • Year Built: 1905
  • Listing Date: 10/25/2022
  • Closing Date: 2/2/2023
  • Units: 3
  • Current GRM: 16.06
  • Current Cap Rate: 3.60%
  • Price Per Unit: $353,333
  • Market GRM: 10.04
  • Market Cap Rate: 7.22%
  • Current NOI: $38,171

Lyon Stahl Investment Real Estate

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