$995,000
2626 Raymond Avenue, Los Angeles 90007
8,105
Lot Size
Listing Agent
Luis Ruiz - LAR Realty, Inc.Upside of this property is in its proximity to USC and the enormous upside in rents. Owners have owned this property since 1972. Additionally, The garages have all been vacated to make room for (2) ADU's. Rents below reflect increase as of April 2024. If you add $200,000 for the addition of the (2) ADU's, your actual CAP Rate with current rents plus ADU rent would be 6.66%
Facts & Features
| MLS® # | 24371013 |
|---|---|
| Price | $995,000 |
| Bathrooms | 0.00 |
| Lot Size | 8,105 |
| Year Built | 1922 |
| Type | Commercial Sale |
| Status | Active |
| # Of Units | 5 |
Community Information
| Address | 2626 Raymond Avenue |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90007 |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Parking Spaces | 9 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Exterior | Frame, Stucco |
|---|---|
| Lot Description | Front Yard |
| Roof | Flat |
| Construction | Frame, Stucco |
Additional Information
| Date Listed | March 20th, 2024 |
|---|---|
| Days on Market | 40 |
| Zoning | LARD2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Luis Ruiz |
|---|---|
| Office | LAR Realty, Inc. |