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2220 Raymond Ave, Los Angeles, CA 90007
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2220 Raymond Ave Los Angeles, CA 90007

$1,600,000
  • 8 Beds
  • 4 Baths
  • 4,864 Sq.Ft.
For Sale
$1,600,000 Get Pre-Qualified
Map preview of 2220 Raymond Ave, Los Angeles, CA 90007

Property Overview: 2220 Raymond Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,864 living square feet and 6,750 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: Located on a quiet street, these four spacious and bright 2 bedroom/ 1 bath units, spanning over two stories, are the perfect investment for your most pickiest buyers! Individual metered units and hot water tanks in each unit. With a spacious lot, an additional ADU unit could be approved, adding even more rental income and value to this incredible property. Also has enough space for garages or car port if the new buyer desires. Best of all, these units are well below market rents. Did we mention all top units have their own balcony? Very, very desirable for renters. Close to Downtown, USC, easy access to 10 freeway, these units are never in short demand to be rented. Make offer asap before these units are gone!!

Listed by SCOTT SCHALLER | BRE #01356257 | CLC HOME REALTY INC
Last checked: 13 minutes ago | Last updated: May 5th, 2024 | Source CRMLS | DOM: 252
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Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
IV23168481
City
Los Angeles
County
Los Angeles
Time on Site
255 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $60,600
  • Net Operating Income: $48,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,000
  • Electric: $4,020
  • Gas/Fuel: $0
  • Trash: $1,685
  • Insurance: $3,800

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Property Details for 2220 Raymond Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • 2 Staircases, Attic Fan, Balcony, Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lawn, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5054018021
  • Year Built Source: Public Records
  • Entry Level: 2
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: 10 west to Normandie Ave (L) to 23rd (L) to Raymond Ave (L)
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 2220 Raymond Ave

Last sold on July 22nd, 1975

  • September, 2023

  • Sep 8, 2023

    Date

    Active

    CRMLS: IV23168481

    $1,600,000

    Price

  • July, 1975

  • Jul 22, 1975

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1968

  • Feb 27, 1968

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2220 Raymond Ave

Assessed Value (2020): $63,687
Year Land Value Improved Value Assessed Value
2020 $32,939 $30,748 $63,687

Home Value Compared to the Market

This property vs the competition

2220 Raymond Ave is listed 28% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $328.95 per/sqft which puts the price per square foot 57.83% lower than the median price per square foot for the city of Los Angeles.

About 2220 Raymond Ave

Detailed summary of property

2220 Raymond Ave is a fourplex located in Los Angeles, CA 90007 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 4,864 living square feet, and sits on an approximately 6,750 square foot lot. 2220 Raymond Ave was first listed on ArdentRealEstateGroup.com on September 8, 2023. The homeowner is currently asking $1,600,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28% higher than the median priced home. Local competing homes currently for sale include 3005 S Normandie Ave, 2005 Magnolia Ave and 1326 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 93 days, 2220 Raymond Ave has a days on market of 252 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 2220 Raymond Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2220 Raymond Ave

Public county record property details
Beds
8
Baths
4
Year built
1923
Sq. Ft.
4,864
Lot Size
6,750
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5054-018-021

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,198,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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.

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