2721 Raymond Avenue

Los Angeles, CA 90007

$1,100,000
Price
1
Beds
4
Baths
3,684 Sq. Ft.
$299 / Sq. Ft.
3,684
Sq. Ft.
$299
per Sq. Ft.

Description

Charming Four-plex in Amenity-Rich Congress North, Los Angeles! Located in the vibrant Congress North neighborhood of Los Angeles, this well-maintained Four-plex is a fantastic opportunity for both investors and owner-occupants. The area is renowned for its abundance of amenities, with markets, coffee shops, and more just steps away. This multi-family property features four spacious one-bedroom units, each boasting original hardwood floors and large windows that flood the interiors with natural light....Charming Four-plex in Amenity-Rich Congress North, Los Angeles! Located in the vibrant Congress North neighborhood of Los Angeles, this well-maintained Four-plex is a fantastic opportunity for both investors and owner-occupants. The area is renowned for its abundance of amenities, with markets, coffee shops, and more just steps away. This multi-family property features four spacious one-bedroom units, each boasting original hardwood floors and large windows that flood the interiors with natural light. Tenants will appreciate the paved parking space and the property’s excellent upkeep. Positioned near the University of Southern California, this location offers exceptional convenience for students and faculty. The property is also just a short drive from the newly constructed SoFi Stadium and the Clippers Basketball Arena, making it a prime location for sports enthusiasts and entertainment seekers alike. Whether you’re looking to live in one unit and rent out the others, or fully capitalize on its rental potential, this property provides incredible flexibility and opportunity in one of LA’s most desirable and fast-growing neighborhoods.
  1. Listed by Yvette Geater • DRE #02074114 • Brokerage DRE #01849354 • Century 21 Masters • 562-307-1056

Property Details for 2721 Raymond Avenue

Architectural Style
Mid Century Modern
View
City Lights, Neighborhood
Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 09/06/2024 11:27 PM

Property Details for 2721 Raymond Avenue

StatusActive
MLS #DW24181579
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.15 AC / 6,636 SF
CountyLos Angeles County

Building Information for 2721 Raymond Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,636 SF

Property Information for 2721 Raymond Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $59,472
  • Gross Operating Income: $59,472
  • Net Operating Income: $50,851
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Cap Rate: 4.5
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $8,521
  • New Taxes Expense: $0
  • Gardener Expense: $600
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Electric Expense: $1,100
  • Insurance Expense: $2,731
  • Maintenance Expense: $250
  • Professional Management Expense: $0
  • Trash Expense: $2,400
  • Water Sewer Expense: $1,440
  • Supplies Expense: $0
  • Total Expenses: $8,521
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: MB2-89
  • Tax Census Tract: 2222.00
  • CFD/Mello-Roos Fee: $589
  • Tax Lot: 18
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In
  • Disability Access: Doors - Swing In
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Gas Water Heater, Refrigerator, Water Heater Central
  • Equipment: Inside, Refrigerator
  • Interior Features: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Storage
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up
  • Water Heater Features: Central Water Heater, Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Wood
Exterior Features
  • Door Features: Insulated Doors
  • Window Features: Drapes, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Fire Rated Drywall, Fire Sprinkler System, Security Lights, Smoke Detector(s)
  • Construction Materials: Block, Concrete, Drywall Walls, Glass, Hardboard, Stucco
  • Exterior Construction: Block, Concrete, Glass, Stucco
  • Exterior: Block, Stucco
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Shingle
  • Entry Location: West
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Block, Chain Link, Good Condition
  • Foundation Details: Raised
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: East
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,956
  • Unit Type Total Rent: $4,956
  • Unit Type Pro Forma: 9392
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 3
  • Number With Refrigerator: 4
  • Number With Drapes: 4
  • Number With Patio: 2
  • Number Wall AC: 2

Property History for 2721 Raymond Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2721 Raymond Avenue

Taxable ValueLand$89,345Additions$73,103Total$162,448
Tax Record2024$2,534 ($211 / month)
Home Facts
Total Finished SqFt3,684 SqFtAbove Grade Finished SqFt3,684 SqFtLot Size6,634 SqFtStyleQuadraplexYear Built1923ZoningLARD2CountyLOS ANGELESAPN5054-009-018

Schools near 2721 Raymond Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2721 Raymond Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on August 26, 2024 by Century 21 Masters, it's currently listed at $1,100,000. It has been on the market for a total of 75 days and was last sold on May 10, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, Foshay Learning Center and Manual Arts Senior High School. 2721 Raymond Avenue is a 1-bed, 4-bath, 3,684 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Masters, Yvette Geater, DRE #02074114

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.