Excellent cash-flowing Student Housing investment! Enjoy steady passive income at a stunning cap rate. This 3-unit complex building sits on a HUGE CORNER LOT, approximately 9,894 sqft. zoned LAR3. The property is located in the USC DEPT & SAFETY PATROL ZONE, minutes from USC village. Thoughtfully restored Craftsman and upgraded will be appreciated. The features included - refinish flooring, lighting, remodeled kitchens/bathrooms, electrical system, copper plumbing, roof, and a lot more. Don't miss the opportunity to acquire a terrific option for Owner-Users, Rental, Vacation Rental Operators, and savvy investors.
Sold for $1,500,000 on 02/01/23
Listing Provided by:
Claire Kim DRE #01901461 310-938-7108,
The Realestate Group
Bought with: Keller Williams Downtown LA
$1,500,000
2901 Raymond Ave, Los Angeles, CA 90007
7beds
4baths
2,982sqft
Triplex
Built in 1910
-- sqft lot
$1,381,400 Zestimate®
$503/sqft
$5,677 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 01, 2023 at 03:08pm
Listing Provided by:
Claire Kim DRE #01901461 310-938-7108,
The Realestate Group
Bought with:
Michael R. Fukushima, DRE #01380445
Keller Williams Downtown LA
Stephen F. Watson, DRE #01187813
Keller Williams Downtown LA
Source: CRMLS,MLS#: SB23002842
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Central, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Gas Cooktop, Tankless Water Heater
- Laundry: Laundry Room, Stacked
Features
- Flooring: Laminate, Wood
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,982
- Total interior livable area: 2,982 sqft
Property
Parking
- Total spaces: 7
- Parking features: Driveway, Gated, One Space
- Garage spaces: 1
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,894 sqft
- Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard
Details
- Parcel number: 5054008030
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Copper Plumbing
- Foundation: Raised
- Roof: Shingle
Condition
- Turnkey
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Road surface type: Paved
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Estimated market value
$1,381,400