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2901 Raymond Ave, Los Angeles, CA 90007
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2901 Raymond Ave Los Angeles, CA 90007

$1,500,000 Sold Price as of 02/01/2023
  • 7 Beds
  • 4 Baths
  • 2,982 Sq.Ft.
Sold
$1,500,000 Sold Price as of 02/01/2023 Refinance Your Mortgage
Map preview of 2901 Raymond Ave, Los Angeles, CA 90007

Property Overview: 2901 Raymond Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,982 living square feet and 9,894 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent cash-flowing Student Housing investment! Enjoy steady passive income at a stunning cap rate. This 3-unit complex building sits on a HUGE CORNER LOT, approximately 9,894 sqft. zoned LAR3. The property is located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. Thoughtfully restored Craftsman and upgraded will be appreciated. The features included - refinish flooring, lighting, remodeled kitchens/bathrooms, electrical system, copper plumbing, roof, and a lot more. Don't miss the opportunity to acquire a terrific option for Owner-Users, Rental, Vacation Rental Operators, and savvy investors.

Listed by Claire Kim | BRE #01901461 | The Realestate Group
Last checked: 1 minute ago | Last updated: February 1st, 2023 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
9,894
HOA Dues
$0/mo
Year built
1910
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
SB23002842
City
Los Angeles
County
Los Angeles
Time on Site
621 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,960
  • Total Rent: $3,960
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,459
  • Total Rent: $3,459
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,645
  • Total Rent: $1,645
  • Pro Forma/Market Rent: $1,670
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $108,768
  • Net Operating Income: $88,436
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,332
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $345
  • New Taxes: $15,500
  • Trash: $0
  • Gardener: $1,250
  • Insurance: $2,031
  • Maintenance: $500
  • Water/Sewer: $1,206

Property Details for 2901 Raymond Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Stackable
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Wood
  • Family Room, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Cooktop, Tankless Water Heater
Interior Features
  • Copper Plumbing Full
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Gated, Parking Space
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5054008030
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Adjacent to Adams Blvd and Normandie Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2901 Raymond Ave

Last sold for $1,500,000 on February 1st, 2023

  • February, 2023

  • Feb 1, 2023

    Date

    Sold

    CRMLS: SB23002842

    $1,500,000

    Price

  • Jan 6, 2023

    Date

    Active

    CRMLS: SB23002842

    $1,500,000

    Price

  • January, 2023

  • Jan 6, 2023

    Date

    Canceled

    CRMLS: SB23002843

    $1,500,000

    Price

  • Jan 6, 2023

    Date

    Active

    CRMLS: SB23002843

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent cash-flowing Student Housing investment! Enjoy steady passive income at a stunning cap rate of around 6%. This 3-unit complex building sits on a HUGE CORNER LOT, approximately 9,894 sqft. zoned LAR3. The property is located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. Thoughtfully restored Craftsman and upgraded will be appreciated. The features included - refinish flooring, lighting, remodeled kitchens/bathrooms, electrical system, copper plumbing, roof, and a lot more. Don't miss the opportunity to acquire a terrific option for Owner-Users, Rental, Vacation Rental Operators, and savvy investors.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: SB21047707

    $3,800

    Price

  • Mar 8, 2021

    Date

    Active

    CRMLS: SB21047707

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    MOVE-IN DATE: AUG 1, 2021. Thoughtfully restored and upgraded 3 bedrooms 2 bathroom unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC Village/Campus. The unit has a spacious living room/kitchen area, a total of ~~1790 sqft living space. The building has an iron fence around the house with an automatic gate opener system to create a safe living environment. The washer and dryer installed inside of the house. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. It's one of a triplex. No pet & No smoking, please. A private room may be available for rent between $1250 to $1450.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: SB21047709

    $3,300

    Price

  • Mar 8, 2021

    Date

    Active

    CRMLS: SB21047709

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    MOVE-IN DATE: AUG 1, 2021. Thoughtfully restored and upgraded 3 bedrooms 1 bathroom unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC Village/Campus. The building has an iron fence around the house with an automatic gate opener system to create a safe living environment. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. It's one of a triplex. No pet & No smoking, please. A private room may be available for rent around $1100

  • March, 2020

  • Mar 1, 2020

    Date

    Expired

    CRMLS: SB20015347

    $1,549

    Price

  • Mar 1, 2020

    Date

    Active

    CRMLS: SB20015347

    $1,549

    Price

  • Feb 21, 2020

    Date

    Hold

    CRMLS: SB20015347

    $1,549

    Price

  • Jan 22, 2020

    Date

    Active

    CRMLS: SB20015347

    $1,549

    Price

  • Listing provided courtesy of CRMLS

    PLEASE NOTE: This unit will be available as of 8/1/2020, currently occupied. CHARMING ONE BEDROOM IN THE HEART OF LOS ANGELES. The unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is one of the triplex shares one common wall. Newly renovated private 1 bed/1 bath around 420 sqft with laminated floor. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. Parking inside of the gate is available. NO PET! NO SMOKING!

  • December, 2019

  • Dec 1, 2019

    Date

    Expired

    CRMLS: SB19240764

    $1,530

    Price

  • Dec 1, 2019

    Date

    Active

    CRMLS: SB19240764

    $1,530

    Price

  • Nov 11, 2019

    Date

    Hold

    CRMLS: SB19240764

    $1,530

    Price

  • Nov 5, 2019

    Date

    Active

    CRMLS: SB19240764

    $1,530

    Price

  • Oct 13, 2019

    Date

    Hold

    CRMLS: SB19240764

    $1,530

    Price

  • Oct 11, 2019

    Date

    Active

    CRMLS: SB19240764

    $1,530

    Price

  • Listing provided courtesy of CRMLS

    CHARMING ONE BEDROOM IN THE HEART OF LOS ANGELES. The unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is one of the triplex shares one common wall. Newly renovated private 1 bed/1 bath around 420 sqft with laminated floor. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. Parking inside of the gate is available. NO PET! NO SMOKING!

  • August, 2019

  • Aug 2, 2019

    Date

    Expired

    CRMLS: SB19088765

    $1,450

    Price

  • Apr 28, 2019

    Date

    Hold

    CRMLS: SB19088765

    $1,450

    Price

  • Apr 25, 2019

    Date

    Active

    CRMLS: SB19088765

    $1,450

    Price

  • Apr 25, 2019

    Date

    Hold

    CRMLS: SB19088765

    $1,450

    Price

  • Apr 19, 2019

    Date

    Active

    CRMLS: SB19088765

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    Pre-Leasing. Available Aug 1, 2019. Nicely upgraded 1 bed/1 bath unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is triplex. This unit is in the back of the property and shares one common wall. Remodeled kitchen and bathroom include new cabinets, granite counter tops, new fixtures, new appliances and more. New laminated floor, new painting, and new lightings. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. No pet & No smoking.

  • July, 2019

  • Jul 15, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2019

  • Jul 15, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SB18282983

    $1,450

    Price

  • Jan 30, 2019

    Date

    Active

    CRMLS: SB18282983

    $1,450

    Price

  • Dec 25, 2018

    Date

    Withdrawn

    CRMLS: SB18282983

    $1,450

    Price

  • Dec 16, 2018

    Date

    Hold

    CRMLS: SB18282983

    $1,450

    Price

  • Dec 11, 2018

    Date

    Active

    CRMLS: SB18282983

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    Thoughtfully restored and upgraded 1 bed/1 bath unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is triplex and this unit shares one common wall. Remodeled kitchen and bathroom include new cabinets, granite counter tops, new fixtures, new appliances and more. New laminated floor, new painting, and new lightings were added. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. No pet & no smoking, please. Available starting Aug 2019.

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SB18289266

    $3,000

    Price

  • Jan 31, 2019

    Date

    Hold

    CRMLS: SB18289266

    $3,000

    Price

  • Jan 16, 2019

    Date

    Active

    CRMLS: SB18289266

    $3,000

    Price

  • Dec 25, 2018

    Date

    Hold

    CRMLS: SB18289266

    $3,000

    Price

  • Dec 21, 2018

    Date

    Active

    CRMLS: SB18289266

    $3,000

    Price

  • Dec 20, 2018

    Date

    Hold

    CRMLS: SB18289266

    $3,000

    Price

  • Dec 11, 2018

    Date

    Active

    CRMLS: SB18289266

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Thoughtfully restored and upgraded 3 bed/1 bath unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. Remodeled kitchen and bathroom include new cabinets, granite counter tops, new fixtures, new appliances and more. New laminated floor, new painting, and new lightings were added. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. It's a triplex house. No pet & No smoking, please.

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SB18289253

    $3,600

    Price

  • Jan 31, 2019

    Date

    Hold

    CRMLS: SB18289253

    $3,600

    Price

  • Jan 16, 2019

    Date

    Active

    CRMLS: SB18289253

    $3,600

    Price

  • Dec 25, 2018

    Date

    Hold

    CRMLS: SB18289253

    $3,600

    Price

  • Dec 21, 2018

    Date

    Active

    CRMLS: SB18289253

    $3,600

    Price

  • Dec 20, 2018

    Date

    Hold

    CRMLS: SB18289253

    $3,600

    Price

  • Dec 11, 2018

    Date

    Active

    CRMLS: SB18289253

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Thoughtfully restored and upgraded 3bed/2 bath unit located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. This unit is one on downstairs in a triplex. Remodeled kitchen and bathroom include new cabinets, granite counter tops, new fixtures, new appliances and more. Refinished wood floor, new painting, and new lightings were added. Enjoy Natural History Museum, Coliseum, Staples Center, Expo Line, and Koreatown all minutes away. It's a triplex house. No pet & No smoking, please.

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: SB18230649

    $1,200,000

    Price

  • Dec 7, 2018

    Date

    Hold

    CRMLS: SB18230649

    $1,200,000

    Price

  • Nov 15, 2018

    Date

    Active

    CRMLS: SB18230649

    $1,200,000

    Price

  • Nov 7, 2018

    Date

    Pending

    CRMLS: SB18230649

    $1,200,000

    Price

  • Oct 18, 2018

    Date

    Active

    CRMLS: SB18230649

    $1,200,000

    Price

  • Oct 8, 2018

    Date

    Hold

    CRMLS: SB18230649

    $1,200,000

    Price

  • Sep 21, 2018

    Date

    Active

    CRMLS: SB18230649

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire, 3 units building sitting on a HUGE CORNER LOT, approximately 9,894 sq.ft. Zoned LAR3. This magnificent 3 unit complex located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is a terrific option for Owner-Users, Rental, Vacation Rental Operators, and savvy investors. Over 100 years old building, thoughtfully restored Craftsman and upgraded will be appreciated. The features included - new/refinish flooring, lighting, remodeled kitchens/bathrooms, new electrical system, new copper plumbing, new roof and lot more.

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: SB18230632

    $1,200,000

    Price

  • Dec 7, 2018

    Date

    Hold

    CRMLS: SB18230632

    $1,200,000

    Price

  • Nov 15, 2018

    Date

    Active

    CRMLS: SB18230632

    $1,200,000

    Price

  • Nov 7, 2018

    Date

    Pending

    CRMLS: SB18230632

    $1,200,000

    Price

  • Oct 18, 2018

    Date

    Active

    CRMLS: SB18230632

    $1,200,000

    Price

  • Oct 8, 2018

    Date

    Hold

    CRMLS: SB18230632

    $1,200,000

    Price

  • Sep 21, 2018

    Date

    Active

    CRMLS: SB18230632

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire, 3 units building sitting on a HUGE CORNER LOT, approximately 9,894 sq.ft. Zoned LAR3. This magnificent 3 unit complex located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. The property is a terrific option for Owner-Users, Rental, Vacation Rental Operators, and savvy investors. Over 100 years old building, thoughtfully restored Craftsman and upgraded will be appreciated. The features included - new/refinish flooring, lighting, remodeled kitchens/bathrooms, new electrical system, new copper plumbing, new roof and lot more.

  • September, 2017

  • Sep 3, 2017

    Date

    Sold

    CRMLS: CV17172934

    $687,525

    Price

  • Aug 10, 2017

    Date

    Pending

    CRMLS: CV17172934

    $699,000

    Price

  • Aug 4, 2017

    Date

    Price Change

    CRMLS: CV17172934

    $699,000

    Price

  • Jul 29, 2017

    Date

    Active

    CRMLS: CV17172934

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    1910 MAJOR FIXER CRAFTSMAN TRIPLEX WITH LOTS OF POTENTIAL. HAS TONS OF CHARM AND IS LOCATED IN THE ADAMS NORMANDIE HPOZ NEAR USC. THIS 2 STORY CRAFTSMAN WAS CONVERTED INTO A TRIPLEX AND SITS ON AN OVERSIZED CORNER LOT. SOME OF THE VINTAGE CHARM INCLUDES COFFERED CEILINGS, LEADED GLASS WINDOWS AND DOORS AND A LARGE INGLENOOK. LOCATED IN THE USC DEPT & SAFETY PATROL ZONE, MINUTES FROM USC VILLAGE.

  • July, 2017

  • Jul 25, 2017

    Date

    Sold

    CRMLS: DW16766614

    $679,000

    Price

  • Dec 22, 2016

    Date

    Price Change

    CRMLS: DW16766614

    $570,000

    Price

  • Dec 22, 2016

    Date

    Pending

    CRMLS: DW16766614

    $560,000

    Price

  • Dec 22, 2016

    Date

    Active

    CRMLS: DW16766614

    $560,000

    Price

  • Listing provided courtesy of CRMLS

    FIXER UPPER GOOD FOR INVESTORS... IT WILL NOT PASS ANY FINANCE DO TO THE CONDITIONS OF UNITS.... 3 UNITS 1. 3/1 BATH 2. 2/1 BATH AND A SMALL STUDIO WITH 1 BATH...PROPERTY SOLD AS IS CONDITIONS. PROPERTY NEEDS SEVERAL REPAIRS PLEASE READ AGENTS REMARKS. HPOZ Zoning, NORMANDIE HISTORIC PRESERVATION ZONING AREA.

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Tax History for 2901 Raymond Ave

Assessed Value (2020): $706,431
Year Land Value Improved Value Assessed Value
2020 $520,200 $186,231 $706,431

Home Value Compared to the Market

This property vs the competition

2901 Raymond Ave sold on February 1, 2023 for 33.93% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $503.02 per/sqft which puts the price per square foot 30.52% lower than the current median sale per square foot for the city of Los Angeles.

About 2901 Raymond Ave

Detailed summary of property

2901 Raymond Ave is a triplex that recently sold in Los Angeles, CA 90007. This triplex offered 7 bedrooms, 4 bathrooms, roughly 2,982 living square feet, and sits on an approximately 9,894 square foot lot. 2901 Raymond Ave was first listed on ArdentRealEstateGroup.com on January 6, 2023. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.93% higher than the current median priced home. Local homes that are currently for sale include 1275 W 37th Dr, 1520 W 37th St and 1959 S La Salle Ave. While the average home in Los Angeles, CA is selling in 106 days, 2901 Raymond Ave has a days on market of 5 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2901 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 2901 Raymond Ave

Public county record property details
Beds
6
Baths
3
Year built
1910
Sq. Ft.
2,982
Lot Size
9,893
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5054-008-030

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
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Recently Sold Homes Near 2901 Raymond Ave

2755 Raymond Ave, Los Angeles, CA 90007
$910,000 Last Sold Price
7 Beds
3 Baths
3821 Sq.Ft.
2755 Raymond Ave
Los Angeles, CA 90007
2921 Raymond Ave, Los Angeles, CA 90007
$949,000 Last Sold Price
9 Beds
6 Baths
2220 Sq.Ft.
2921 Raymond Ave
Los Angeles, CA 90007
2744 Raymond Ave, Los Angeles, CA 90007
$1,215,000 Last Sold Price
8 Beds
4 Baths
4124 Sq.Ft.
2744 Raymond Ave
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2924 Raymond Ave, Los Angeles, CA 90007
$1,139,000 Last Sold Price
6 Beds
4 Baths
4460 Sq.Ft.
2924 Raymond Ave
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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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