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2015 Raymond Avenue

Los Angeles (City), CA 90007
  • $3,145,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 22145215
Price Reduced
$3,145,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2018
County:

School Ratings & Info

Listing Agent(s): Davis Saadian of Keller Williams Beverly Hills (310-432-6400)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127588187
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2015 Raymond Avenue Los Angeles (City), CA 90007

  • Price: $3,145,000
  • Status: Active
  • On Site: 46 Days
  • ID#: 22145215
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2018
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
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.
Exterior Features

Architectural Style Modern Parking Features DrivewayGarage Parking Total 6 View City Lights View YN Yes

Interior Features

Appliances DishwasherDisposalRefrigeratorDryerWasher Flooring Wood

Property Features

Association Fee 0 Garage YN Yes Gross Income 249600 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 198501 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Davis Saadian of Keller Williams Beverly Hills (310-432-6400)