2720 Raymond Ave Los Angeles, CA 90007

$1,246,000 Sold Price as of 08/11/2015

10 Beds
9 Baths
5,791 Sq.Ft.

Off Market

$1,246,000 Sold Price as of 08/11/2015 Refinance Your Mortgage

Map preview of 2720 Raymond Ave, Los Angeles, CA 90007

Property Overview: 2720 Raymond Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 5,791 living square feet and 7,303 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2720 Raymond Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $63,700. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2720 Raymond Ave

Last sold for $1,246,000 on August 11th, 2015

April, 2023
Apr 12, 2023

Date

Expired

CRMLS: 22207993

$2,350,000

Price
Oct 12, 2022

Date

Active

CRMLS: 22207993

$2,350,000

Price
Listing provided courtesy of CRMLS

Rare investment opportunity near USC! This 8 Unit apartments community located in a desirable Mid Los Angeles neighborhood and walking distance to USC. It is considered a premier rental market of Los Angeles attracting quality tenants and providing easy access to amenities in Downtown LA and Mid-Wilshire as well as the 10 & 110 Freeways. This building features an excellent composition with exceptionally large units consisting of one 2 Bedroom and 2 baths, one 2 Bedroom and 1 Bathroom, Six 1 Bedroom 1 Bath unit. Well maintained and 4 units are remodeled. This two stories property has stable income and tremendous rental upside with many units feature balconies. The property and neighborhood are within UPC Patrol Boundaries which is highly desirable and a densely populated rental market of Los Angeles. Surrounded by many renovated residence and potential for student housing. Near the USC Campus, beloved by locals for its city lifestyle just minutes away from LA Convention Center, Crypto.com Arena and many well-known amenities along Figueroa St.

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August, 2015
Aug 11, 2015

Date

Sold (Public Records)

Public Records

$1,246,000

Price
September, 2013
Sep 24, 2013

Date

Sold (Public Records)

Public Records

$1,090,000

Price
January, 2013
Jan 28, 2013

Date

Price Change

CRMLS: 13648005

$1,199,000

Price
Listing provided courtesy of CRMLS

Located on a quiet street and west adams historic district. Close to USC and Coliseum stadium and just few minutes from Downtown Los Angeles. Do not disturb tenants.

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Tax History for 2720 Raymond Ave

Assessed Value (2020): $1,348,707

Year	Land Value	Improved Value	Assessed Value
2020	$943,879	$404,828	$1,348,707

About 2720 Raymond Ave

Detailed summary of property

2720 Raymond Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90007 and last sold on August 11, 2015 for $1,246,000. This property has 10 bedrooms, 9 bathrooms, roughly 5,791 living square feet, and sits on an approximately 7,303 square foot lot. Homes in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.2% lower than the current median priced home. 2720 Raymond Ave was last sold on August 11, 2015 for $1,246,000. Local nearby listings include 1787 W 35th St, 1750 Orchard Ave and 2134 W 29th St. The average home in Los Angeles, CA is selling in 100 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. If you are the homeowner and looking to sell the home at 2720 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 2720 Raymond Ave

Public county record property details

Beds: 10
Baths: 9
Year built: 1965
Sq. Ft.: 5,791
Lot Size: 7,303
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 5054-012-005

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

$1,380,000

Median List Price/Sq.Ft.

$501

Median Sold Price

$525,000

Median Sold Price/Sq.Ft.

$589

Total Inventory

Median Sale to List Price %

102.94%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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