11233 Raymond Ave, Los Angeles, CA 90044
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11233 Raymond Ave Los Angeles, CA 90044

$1,175,000
  • 6 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
For Sale
$1,175,000 Get Pre-Qualified

Map preview of 11233 Raymond Ave, Los Angeles, CA 90044

Property Overview: 11233 Raymond Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,000 living square feet and 6,376 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ALL VACANT UNITS!!! Welcome to one of the best and most rare investment of your life time. This FULLY REMODELED 4 units consist of Three 1 bedroom 1 baths and One 3 bedroom and 1 bath and it's ALL VACANT!!! Was previously used as a transition housing facility and can be used as such again! Subject property has all the security features and is ready for section 8 tenants which todays market rate is $2407 for a one bedrooms and $3915 voucher for the 3 bedroom one. That give subject property a total of $11,136/ month or about $134,000 per year (3x $2407 + $3915). All units can be be fences to have their own individual front yard and individual cute backyard. In addition, the spacious lot allows for 1-2 additional ADU's to further leverage your rental income. Note that the seller have never lived in the property and even though all information deem to be accurate, it is essential to emphasize that the seller and the seller's agent/ broker does not guarantee any specifics regarding square footage, lot size, permit status, rental income, intended uses, zonings, and regulations... Buyer(s) and their agents/brokers are to conduct their own due diligence regarding inspections to satisfy their needs. THIS WONT LAST, SO HURRY UP AND SUBMIT YOUR OFFER TODAY!!!

Listed by Mazdak Sarehkhani | BRE #01811455 | Mazdak Sarehkhani
Last checked: 12 minutes ago | Last updated: July 12th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
6,376
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
SR24122923
City
Los Angeles
County
Los Angeles
Time on Site
29 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $7,221
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,915
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $133,632
  • Net Operating Income: $130,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,632
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,000
  • Water/Sewer: $0

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Property Details for 11233 Raymond Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6076029009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: exit 7a --> Turn Left on 115th St to Imperial Hwy, Right on Raymond.
Neighborhood Information
  • Community Features: Suburban
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Sale History for 11233 Raymond Ave

Last sold for $940,000 on March 7th, 2024
  • June, 2024

  • Jun 15, 2024

    Date

    Active

    CRMLS: SR24122923

    $1,250,000

    Price

  • March, 2024

  • Mar 7, 2024

    Date

    Sold

    CRMLS: 24345353

    $940,000

    Price

  • Jan 24, 2024

    Date

    Active

    CRMLS: 24345353

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing a unique investment opportunity for 4 units to be ***DELIVERED VACANT*** This quadruplex spans approximately 2,000 sq. ft. of living space, offering versatility and potential for both families and astute investors.*** The property features two detached units, each 1bed/1bath. This layout is ideal for those seeking separate living spaces or rental income opportunities. ***Adjacently positioned is a rear duplex, thoughtfully designed and is being used as a 2 bed/1 bath and a 3 bed/1 bath.*** Please note, 1 of the bedrooms in each level of the the duplex may not be permitted, offering a chance for customization or reconfiguration based on future plans. ****Situated on an a large 6,500 sq ft lot, this property further unlocks the potential for two additional ADUs, presenting a promising avenue for extended income streams or personal use. **The offering extends beyond mere space; the property will be delivered vacant, presenting a clean slate for immediate occupancy or remodeling visions. **Whether you're an investor eyeing a low Gross Rent Multiplier (GRM) or seeking robust cash flow, this property is perfect for much opportunity. ****While we provide a glimpse into the property's potential, it's essential to note that the seller's agent/broker does not guarantee any specifics regarding square footage, lot size, or permit status. ****Income and rental numbers are projected based on market rents.****Prospective buyers and their agent/brokers are encouraged to conduct thorough due diligence, verifying all dimensions, zoning regulations, and permit details to ensure alignment with intended uses and compliance requirements. ***Priced aggressively and will not last. *** PROPERTY SOLD AS-IS, NO REPAIRS*** ****PLEASE DO NOT WALK PROPERTY OR DISTURB OCCUPANTS.

  • October, 2008

  • Oct 2, 2008

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

  • December, 2003

  • Dec 31, 2003

    Date

    Sold (Public Records)

    Public Records

    $282,000

    Price

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Tax History for 11233 Raymond Ave

Assessed Value (2020): $412,113
Year Land Value Improved Value Assessed Value
2020 $294,369 $117,744 $412,113

Home Value Compared to the Market

This property vs the competition

11233 Raymond Ave is listed 2.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $587.5 per/sqft which puts the price per square foot 24% lower than the median price per square foot for the city of Los Angeles.

About 11233 Raymond Ave

Detailed summary of property

11233 Raymond Ave is a fourplex located in Los Angeles, CA 90044 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 6,376 square foot lot. 11233 Raymond Ave was first listed on ArdentRealEstateGroup.com on June 16, 2024. The homeowner is currently asking $1,175,000 and was originally asking $1,250,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.08% lower than the median priced home. Local competing homes currently for sale include 1449-1447 W 83rd St, 126 E 89th St and 636 W 81st St. While the average home in Los Angeles, CA is selling in 101 days, 11233 Raymond Ave has a days on market of 30 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 11233 Raymond Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11233 Raymond Ave

Public county record property details
Beds
4
Baths
4
Year built
1923
Sq. Ft.
1,497
Lot Size
6,375
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
250,251
APN
6076-029-009

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$685,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
84
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.