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2703 Raymond Ave
Los Angeles, CA 90007
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- ADU Development Potential (buyer to verify)
- USC Proximity
- Strong In-Place Income
- 14 Parking Spaces
EXECUTIVE SUMMARY
We are pleased to present 2703 Raymond Avenue in Los Angeles, CA, a 10-unit apartment building ideally located near the University of Southern California. The property features a unit mix of eight studio units and two one-bedroom apartments, supported by 14 on-site parking spaces, a rare amenity for the submarket. Recent capital improvements include upgraded electrical, plumbing, and foundation, providing a solid operational base. With strong in-place income, potential for rent growth and operational efficiencies, and possible ADU development upside (buyer to verify), this asset offers a compelling opportunity in the supply-constrained West Adams neighborhood, where demand is driven by proximity to education, employment, and transit. For more information, please reach out.
PROPERTY FACTS
| Price Per Unit | $160,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.78% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 8.45 | Building Size | 4,409 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | ||
| Zoning | LARD2 | ||
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Gross Rent Multiplier | 8.45 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,409 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| Zoning | LARD2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,891 | 441 |
| Studios | 8 | $1,548 | 441 |
PROPERTY TAXES
| Parcel Number | 5054-009-022 | Improvements Assessment | $121,681 |
| Land Assessment | $696,950 | Total Assessment | $818,631 |
PROPERTY TAXES
Parcel Number
5054-009-022
Land Assessment
$696,950
Improvements Assessment
$121,681
Total Assessment
$818,631
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