See Home Value
$3,273,171*
Multifamily - Off Market

2015 RAYMOND AVE

LOS ANGELES, CA 90007
bedrooms
Studio
bathrooms
0 Bath
$2,831,000 - $3,459,000
Reference Base Price*
4.08%
Since Aug 1, 2022
CA-Los Angeles
Primary Model

About This Property

We are pleased to offer for sale this brand new 2018 construction, non-rent control, four (4) unit, twelve (12) bedroom + twelve (12) bathroom student housing investment opportunity, located blocks to the University of Southern California (USC). The investment comes with RTI approved plans and permits to construct two (2) ADU's - one (1) 2-bedroom + 2-bathroom ADU, and one (1) 3-bedroom + 3-bathroom ADU. The subject property features brand new hardwood floors, copper plumbing, quartz counter-tops, stainless steel kitchen appliances, tiled showers with glass enclosures, and in-unit washer & dryers. Unit mix consists of four (4) 3-bedroom + 3-bathroom units, high 9ft ceilings, and each unit is approximately 1,650 sqft. The property is approximately 6,500 rentable square feet on a 5,700 square foot lot and is comprised of two (2) separate structures. The total combined square footage including the ADU's is about 7,982 Square feet.The investment is 100% occupied with USC students and fully leased for the 2022-2023 academic school year. Leases are parent guaranteed and occupancy levels routinely achieve 100% for the school year. Current income is $15,000/Month, and with the completed ADU's, total combined income would be approximately $20,000/Month. Expenses are light as the tenants pay for all utilities - Water, trash, gas, and electricity.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
2018

Price History

Date / Event Date Event Price
Jul 21, 2022 No longer available -
No longer available
May 20, 2022 Price Decreased $3,145,000
↓ $100K (3.1%)
Price Decreased
Apr 11, 2022 Listed $3,245,000
Listed

Property Highlights

Garage
With View


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220411
04/11/2022
Studio
-
-
$3,245,000
bedrooms
Studio
bathrooms
-
-
-
-
Davis Saadian
Keller Williams Beverly Hills

Building Info

2015 Raymond Avenue 2015 Raymond Avenue, Los Angeles, CA 90007
More about this Building
2015 Raymond Avenue
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