"This property represents a lucrative investment opportunity for student housing in close proximity to USC, situated in a highly coveted area with LAC2, Tier 3 TOC zoning, significantly augmenting its worth.
The multi-family 3-unit property comprises a 2-story house that has been divided into a duplex, alongside a third unit located above the 3-car garage and laundry room. The main house features 4 bedrooms, 2 bathrooms, a capacious living room with a study, laundry room, kitchen, dining room, and a generously-sized enclosed patio. Additionally, there is a 2 bedroom, 1 bathroom unit with its own private entrance, along with another 2 bedroom, 1 bathroom unit.
This historic property has not undergone any updates and may require some cleaning and renovations. Nonetheless, it holds considerable potential. The property's charming front porch and long driveway, leading to a parking area with ample space for 4+ cars next to the 3-car garage, renders it a unique and appealing proposition.
Located in the heart of the city, the property offers convenient access to various amenities. In summary, if you seek a prime investment property near USC, this property represents an exceptional opportunity that warrants serious consideration."
Sold for $1,215,000 on 07/07/23
Listing Provided by:
Ricardo Ceballos Jr. DRE #01371690 562-303-6182,
Circle Real Estate
Bought with: Realty One Group United
$1,215,000
2744 Raymond Ave, Los Angeles, CA 90007
8beds
4baths
4,124sqft
Triplex
Built in 1905
-- sqft lot
$1,286,300 Zestimate®
$295/sqft
$2,623 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 08, 2023 at 12:53pm
Listing Provided by:
Ricardo Ceballos Jr. DRE #01371690 562-303-6182,
Circle Real Estate
Bought with:
Gabriel Cerda, DRE #01701299
Realty One Group United
Source: CRMLS,MLS#: DW23064189
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Outside
Features
- Beamed Ceilings, Balcony
- Has fireplace: Yes
- Fireplace features: Den
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,124
- Total interior livable area: 4,124 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,254 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 5054012010
- Zoning: LARD2
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash to New Loan
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Estimated market value
$1,286,300