3117 Raymond Ave Los Angeles, CA 90007

$3,565,000 Sold Price as of 10/14/2020

15 Beds
19 Baths
7,157 Sq.Ft.

Off Market

$3,565,000 Sold Price as of 10/14/2020 Refinance Your Mortgage

Map preview of 3117 Raymond Ave, Los Angeles, CA 90007

Property Overview: 3117 Raymond Ave Los Angeles, CA has 15 bedrooms, 19 bathrooms, 7,157 living square feet and 6,617 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3117 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 $1,250,000. The median price per/sqft for Los Angeles is $777. 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 $250,000 for the down payment and will need roughly $25,000 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 $59,500. 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 3117 Raymond Ave

Last sold for $3,565,000 on October 30th, 2020

October, 2020
Oct 30, 2020

Date

Sold

CRMLS: 20599996

$3,565,000

Price
Sep 29, 2020

Date

Pending

CRMLS: 20599996

$3,945,000

Price
Jul 6, 2020

Date

Active

CRMLS: 20599996

$3,945,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this five (5) unit, thirty (30) bed, student housing investment opportunity, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 2019, with approximately 7,037 rentable square feet on a 6,617 square foot lot. The investment is comprised of a unit mix consisting of four (4) 3-bedroom + 3.5 bathroom units, & one (1) 3-bedroom + 3-bathroom unit.Unit amenities include in-unit washers and dryers, stainless steel kitchen appliances, air conditioning, tiled showers with glass enclosures, and nine (9) on-site parking spaces.

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October, 2020
Oct 14, 2020

Date

Sold (Public Records)

Public Records

$3,565,000

Price
May, 2020
May 1, 2020

Date

Expired

CRMLS: RS20022346

$3,999,900

Price
Feb 1, 2020

Date

Active

CRMLS: RS20022346

$3,999,900

Price
Listing provided courtesy of CRMLS

Newly built & leased 5 units USC student housing development. Each newly constructed unit offers 6 beds for student rentals. Each bedroom has a private ensuite bathroom, an especially attractive feature for student tenants. Each of the 30 beds monthly rent is $825. There are a total of 9 onsite parking spaces to generate $12,300 annually. Total annual rents ($297,000) and parking fees ($12,300) add up to a phenomenal $309,300 in yearly Gross Income, which after deducting expenses of $58,661, gives you a NOI of $250,639 and a 6.26% cap rate for a newly built project. The units are separately metered for water, electricity, and gas, and tenants are responsible for paying all utility expenses. These newly built units feature top-of-the line amenities for students with brand new appliances (refrigerators, ranges, microwaves, dishwashers, washers & dryers), and each unit has its own HVAC. Each unit has a living area, dining area, kitchen and in-unit laundry facility. 12 commercial grade Bike Racks on the the property, which is walking distance to campus, less than half-mile from USC, and within the USC Department of Public Safety (DPS) Patrol and Response Area.

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January, 2020
Jan 1, 2020

Date

Expired

CRMLS: RS19226680

$4,350,000

Price
Sep 24, 2019

Date

Active

CRMLS: RS19226680

$4,350,000

Price
Listing provided courtesy of CRMLS

Newly built & leased 5 units USC student housing development. Each newly constructed unit offers 6 beds for student rentals. Each bedroom has a private ensuite bathroom, an especially attractive feature for student tenants. Each of the 30 beds monthly rent is $825. There are a total of 9 onsite parking spaces to generate $12,300 annually. Total annual rents ($297,000) and parking fees ($12,300) add up to a phenomenal $309,300 in yearly Gross Income, which after deducting expenses of $56,550, gives you a NOI of $252,750 and a 5.8% cap rate for a newly built project. The units are separately metered for water, electricity, and gas, and tenants are responsible for paying all utility expenses. These newly built units feature top-of-the line amenities for students with brand new appliances (refrigerators, ranges, microwaves, dishwashers, washers & dryers), and each unit has its own HVAC. Each unit has a living area, dining area, kitchen and in-unit laundry facility. The property is walking distance to campus, less than half-mile from USC, and within the USC Department of Public Safety (DPS) Patrol and Response Area.

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September, 2019
Sep 1, 2019

Date

Expired

CRMLS: RS19072737

$4,350,000

Price
Apr 4, 2019

Date

Active

CRMLS: RS19072737

$4,350,000

Price
Listing provided courtesy of CRMLS

Newly built 5 units USC student housing development. Each newly constructed unit offers 6 beds for student rentals. Each bedroom has a private ensuite bathroom, an especially attractive feature for student tenants. Each of the 30 beds monthly projected rent is $825. There are a total of 9 onsite parking spaces generating $12,300 annually. Total annual rents ($297,000) and parking fees ($12,300) add up to a phenomenal $309,300 in yearly Gross Income, which after deducting expenses of $56,550, gives you a NOI of $252,750 and a 5.8% cap rate for a newly built project. The units are separately metered for water, electricity, and gas, and tenants are responsible for paying all utility expenses. These newly built units feature top-of-the line amenities for students with brand new appliances (refrigerators, ranges, microwaves, dishwashers, washers & dryers), and each unit has its own HVAC. Each unit has a living area, dining area, kitchen and in-unit laundry facility. The property is walking distance to campus, less than half-mile from USC, and within the USC Department of Public Safety (DPS) Patrol and Response Area.

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April, 2016
Apr 21, 2016

Date

Sold (Public Records)

Public Records

$630,000

Price
December, 2012
Dec 30, 2012

Date

Expired

CRMLS: Y62293

$659,000

Price
Apr 5, 2006

Date

Active

CRMLS: Y62293

$659,000

Price
Listing provided courtesy of CRMLS

HUGE PROPERTY! NOT FAR FROM USC. TWO STORY HOUSE. OWNER LIVES ON THE SECOND LEVEL BOTTOM LEVEL IS DIVIDED INTO TWO UNITS W/O PERMITS. ONE IS RENTED AND THE OTHER IS VACANT. OWNER PUT A NEW ROOF. GREAT LOCATION! OWNER MOTIVATED. PROPERTY NEEDS SOME TLC.

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December, 2012
Dec 19, 2012

Date

Expired

CRMLS: Y47409

$695,000

Price
Apr 8, 2005

Date

Active

CRMLS: Y47409

$695,000

Price
Listing provided courtesy of CRMLS

3br 1ba supper huge house with other series of rooms that could be use as extra bed rooms actually property has been used as two (2) units,excellent for two familes great location close to USC SELLER MOTIVATED. CALL EDISON THE POWERMAN .

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Tax History for 3117 Raymond Ave

Assessed Value (2020): $1,716,480

Year	Land Value	Improved Value	Assessed Value
2020	$681,932	$1,034,548	$1,716,480

About 3117 Raymond Ave

Detailed summary of property

3117 Raymond Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90007 and last sold on October 14, 2020 for $3,565,000. This property has 15 bedrooms, 19 bathrooms, roughly 7,157 living square feet, and sits on an approximately 6,617 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 199.58% higher than the current median priced home. 3117 Raymond Ave was last sold on October 14, 2020 for $3,565,000. Local nearby listings include 3787 S La Salle Ave, 3670 S Western Ave and 2024 W 30th St. The average home in Los Angeles, CA is selling in 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 3117 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 3117 Raymond Ave

Public county record property details

Beds: 15
Baths: 19
Year built: 2019
Sq. Ft.: 7,157
Lot Size: 6,617
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 5040-002-025

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

Median Sale to List Price %

94.79%

Avg Days on Market

Loan Type

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

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