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3110 Raymond Ave 4 Unit Apartment Building $1,045,000 ($261,250/Unit) 4.29% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Quiet street in sought after USC/Jefferson Park/Adams Normandie area.
- Hugh units with Formal living and dining rooms separate laundry room. Approximately 1000 sqft per unit
- Close proximity to USC Campus, University Park, The Expo line, Natural History Museum, DTLA.
- Ample off street parking
- Excellent area for redevelopment, TOC Tier 1, ZONE R3
- Close access to the 110 and 10 Fwy
Executive Summary
Located in the Jefferson Park/Adams-Normandie area, just west of University Park and USC, this superb investment opportunity is ready for its new owner. This well maintained asset consists of 4 large one bedroom units (two bedroom units per assessor), each nearing 1,000 square feet. All units have formal living rooms, dining rooms and individual laundry rooms. One unit has an additional tandem bedroom. Off-street parking for 4 cars in the detached garage and carports. Tenants pay their own gas and electric, which are separately metered. Owner pays for water. The interior condition is mostly original in clean operable condition. This is an R3 zoned lot for possible development potential. Add-value opportunity and upside potential in rents. Long term tenants on month-to-month leases. Offers are subject to interior inspection. The property to be delivered with current tenants in place.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,045,000 | Apartment Style | Garden |
| Price Per Unit | $261,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.29% | Building Size | 4,168 SF |
| Gross Rent Multiplier | 23 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | R3 - multi family zoning | ||
| Price | $1,045,000 |
| Price Per Unit | $261,250 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 23 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R3 - multi family zoning |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Carpet
- Family Room
- Garden
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,408 | 900 - 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5040-022-007 | Total Assessment | $464,677 (2025) |
| Land Assessment | $322,697 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $141,980 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
5040-022-007
Land Assessment
$322,697 (2025)
Improvements Assessment
$141,980 (2025)
Total Assessment
$464,677 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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3110 Raymond Ave
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