2009 Raymond Avenue, Los Angeles, CA 90007 | Off-market

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • Beds
  • Baths
  • 4,214 Sq Ft
  • 5,701 Sq Ft

Description

Classic Spanish style building. On the exterior: stucco walls, Spanish red roof tiles, and 1920s vintage details over the windows & door. Excellent potential to remodel the interiors and raise rents. Potential income of each apartment can be $1287+. Low utility bills with separate gas and electric meters. Individual water heaters in each apartment. Every apartment has it's own single garage. Consists of (two) 2 bedrooms +1 baths and (two) 1 bedroom + 1 bath apartments. Property profile states (four) 1 bedroom + 1 bath apartments. Spacious apartments over 1000 square feet per Assessor Records. Subject property is less than 2 miles from USC campus. Scheduled for completion in 2017, the USC Village will include a market, drugstore, a fitness center, a Trojan Town USC store, restaurants and outdoor dining, parking, and a communiy building. The $650 million project is one of the largest in the history of South Los Angeles. This can potentially drive up the prices of real estate in close poximity to the University. Offering memorandum attached in supplements section.

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Owner

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Amenities

Garage
Outdoor Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Open Floorplan
Great Views
Natural Light
Quiet
Elevator
Balcony
Guest Unit(s)
Furnishings

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $689,000
Property Type Fourplex (4-units)
Usable Sqft 4,214
Number of Stories 2
Parking Spots 0
Year Built 1927
Last Sold March 18, 2016
Sold Price 689,000
APN # Unknown
MLS # SR15242729
Property ID 1353342
Lot Sqft 5,701
Zoning 0
Total Units 4
Date Updated May 19, 2018
Date Created November 09, 2015
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 2 1.0 $1,287 $1,287
Unit #2 1 1.0 $812 $1,000
Unit #3 2 1.0 $812 $1,287
Unit #4 1 1.0 $748 $1,287
Net Income (Yr) $ 31,185

Listing Provided By

Anie Mayelian an agent of Keller Williams Encino-Sherma. Lic #00778825


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© 2021 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 7, 2018 4:38 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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