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3109 Raymond Ave, Los Angeles, CA 90007
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3109 Raymond Ave Los Angeles, CA 90007

$1,085,000 Sold Price as of 10/02/2019
  • 4 Beds
  • 4 Baths
  • 4,606 Sq.Ft.
Sold
$1,085,000 Sold Price as of 10/02/2019 Refinance Your Mortgage
Map preview of 3109 Raymond Ave, Los Angeles, CA 90007

Property Overview: 3109 Raymond Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,606 living square feet and 6,617 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this four (4) unit investment opportunity located at 3109 Raymond Avenue, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of one structure, was constructed of wood frame and stucco on a raised foundation built in 1914 with a square footage of 4,606 on a 6,617-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 1+1 units. The subject property is 75% occupied, and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, recently painted, and individually metered for gas and electricity.

Listed by Davis Saadian | BRE #01921748 | BRC Advisors- BH
Last checked: 2 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 100

Home details

Lot Sq. Ft
6,617
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19481472
City
Los Angeles
County
Los Angeles
Time on Site
1342 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,489
  • Total Rent: $1,489
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $932
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.7%
  • Gross Rent Multiplier: 14.65
  • Gross Scheduled Income: --
  • Net Operating Income: $55,371
  • Gross Operating Income: $81,552
  • Improvements Total: $346,319
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3109 Raymond Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 4
  • Parcel Number: 5040002024
Location / Neighborhood
Location Information
  • Directions: 3109 Raymond Avenue, Los Angeles, CA 90007
View more facts & features

Local Los Angeles Agent

Sale History for 3109 Raymond Ave

Last sold for $1,085,000 on October 2nd, 2019

  • August, 2022

  • Aug 29, 2022

    Date

    Canceled

    CRMLS: AR22107242

    $3,300

    Price

  • May 19, 2022

    Date

    Active

    CRMLS: AR22107242

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    This beautiful apartment is fully renovated, it has 3 bedrooms and 2 bathrooms. The open floor plan came with brand new floor, paint, HVAC system and high-end kitchen and appliances. The washer and dryer will be installed before the tenants move in. The unit is filled with sunlight and it's in walking distance to USC. Ideal for student housing or family. This unit came with one free assigned parking spot in the back of the house. The tenant(s) are responsible to pay all utilities except water.

  • October, 2019

  • Oct 2, 2019

    Date

    Sold

    CRMLS: 19481472

    $1,085,000

    Price

  • Aug 19, 2019

    Date

    Price Change

    CRMLS: 19481472

    $1,195,000

    Price

  • Jun 24, 2019

    Date

    Active

    CRMLS: 19481472

    $1,250,000

    Price

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,085,000

    Price

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2017

  • Sep 1, 2017

    Date

    Expired

    CRMLS: 17205334

    $1,000,000

    Price

  • Feb 25, 2017

    Date

    Active

    CRMLS: 17205334

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 3109 Raymond Ave

Assessed Value (2020): $1,085,000
Year Land Value Improved Value Assessed Value
2020 $800,000 $285,000 $1,085,000

Home Value Compared to the Market

This property vs the competition

3109 Raymond Ave sold on October 2, 2019 for 6.7% 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 $259.44 per/sqft which puts the price per square foot 64.17% lower than the current median sale per square foot for the city of Los Angeles.

About 3109 Raymond Ave

Detailed summary of property

3109 Raymond Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,606 living square feet, and sits on an approximately 6,617 square foot lot. 3109 Raymond Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,085,000. 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 6.7% higher than the current median priced home. Local homes that are currently for sale include 1543 W 22nd Pl, 1289 W 25th St and 1742 W 36th St. While the average home in Los Angeles, CA is selling in 104 days, 3109 Raymond Ave has a days on market of 100 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 3109 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 3109 Raymond Ave

Public county record property details
Beds
4
Baths
4
Year built
1914
Sq. Ft.
4,606
Lot Size
6,617
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5040-002-024

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.
$616
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Homes for Sale Near 3109 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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