3110 Raymond Ave, Los Angeles, CA 90007
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3110 Raymond Ave Los Angeles, CA 90007

$1,195,000
  • 4 Beds
  • 4 Baths
  • 4,168 Sq.Ft.
For Sale
$1,195,000 Get Pre-Qualified

Map preview of 3110 Raymond Ave, Los Angeles, CA 90007

Property Overview: 3110 Raymond Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,168 living square feet and 6,680 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 in the Jefferson Park/Adams-Normandie area, just west of University Park and USC, this superb investment opportunity is ready for its new owner. This well maintained asset consists of 4 large units, each nearing 1,000 square feet. All units have formal living rooms, dining rooms and individual laundry rooms. One unit has an additional tandem bedroom. Off-street parking for 4 cars in the detached garage and carports. Tenants pay their own gas and electric, which are separately metered. Owner pays for water. The interior condition is mostly original in clean operable condition. This is an R3 zoned lot for possible development potential. Add-value opportunity and upside potential in rents.

Listed by Victor Migenes | BRE #01833363 | Property Concierge
Co-listed by Vivian Chaing | BRE #01983759 | Property Concierge
Last checked: 2 minutes ago | Last updated: July 4th, 2024 | Source CRMLS | DOM: 18
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Home details

Lot Sq. Ft
6,680
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24406263
City
Los Angeles
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,145
  • Total Rent: $1,145
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,240
  • Total Rent: $1,240
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,240
  • Total Rent: $1,240
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.59%
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $42,919
  • Gross Operating Income: $1,138,144
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3110 Raymond Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Dining Room, Living Room
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Carport
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5040022007
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Vermont Ave, North of Jefferson Blvd.
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Sale History for 3110 Raymond Ave

Last sold for $360,000 on December 7th, 2009
  • June, 2024

  • Jun 26, 2024

    Date

    Active

    CRMLS: 24406263

    $1,195,000

    Price

  • July, 2019

  • Jul 1, 2019

    Date

    Expired

    CRMLS: DW19018765

    $1,100,000

    Price

  • Mar 28, 2019

    Date

    Withdrawn

    CRMLS: DW19018765

    $1,100,000

    Price

  • Mar 26, 2019

    Date

    Active

    CRMLS: DW19018765

    $1,100,000

    Price

  • Jan 29, 2019

    Date

    Hold

    CRMLS: DW19018765

    $1,100,000

    Price

  • Jan 25, 2019

    Date

    Active

    CRMLS: DW19018765

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Stop the car! This is exactly what you've been looking for! This 4-Plex is a great owner/investment opportunity with lots of upside revenue potential! Equipped with a total of 5 bedrooms, 4 bathrooms, and a designated parking area, this 4-plex is perfect for any family! Unleash your creativity with this building's versatile floor plan and make it your own! LOCATION LOCATION LOCATION- With close proximity to schools like the prestigious USC, retail shopping centers, restaurants, museums, iconic parks like The Rose Garden and Exposition Park; hop on the 10 Fwy and within minutes you'll find yourself in lively Downtown Los Angeles where there's ALWAYS something to do. The only thing this property is missing? Your family, WELCOME HOME!

  • December, 2009

  • Dec 7, 2009

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

  • August, 2008

  • Aug 8, 2008

    Date

    Sold (Public Records)

    Public Records

    $495,000

    Price

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Tax History for 3110 Raymond Ave

Assessed Value (2020): $424,894
Year Land Value Improved Value Assessed Value
2020 $295,068 $129,826 $424,894

Home Value Compared to the Market

This property vs the competition

3110 Raymond Ave is listed 0.42% 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 $286.71 per/sqft which puts the price per square foot 62.91% lower than the median price per square foot for the city of Los Angeles.

About 3110 Raymond Ave

Detailed summary of property

3110 Raymond Ave is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 4,168 living square feet, and sits on an approximately 6,680 square foot lot. 3110 Raymond Ave was first listed on ArdentRealEstateGroup.com on June 26, 2024. The homeowner is currently asking $1,195,000. 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 0.42% lower than the median priced home. Local competing homes currently for sale include 1969 W 23rd St, 3919 Halldale Ave and 2012 S La Salle Ave. While the average home in Los Angeles, CA is selling in 101 days, 3110 Raymond Ave has a days on market of 18 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 3110 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 3110 Raymond Ave

Public county record property details
Beds
8
Baths
4
Year built
1922
Sq. Ft.
4,168
Lot Size
6,677
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5040-022-007

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
$1,399,999
Median List Price/Sq.Ft.
$550
Median Sold Price
$525,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
15
Median Sale to List Price %
102.94%
Avg Days on Market
55
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (50%), 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.