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Map
$3,273,171*
●
Multifamily -
Off Market
2015 RAYMOND AVE
LOS ANGELES, CA 90007
Studio
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/11/2022
|
|
Studio
|
-
|
-
|
$3,245,000
Studio
-
|
-
-
|
-
|
Davis Saadian
Keller Williams Beverly Hills
|
Building Info
About Central LA
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