Los Angeles, CA 90007 2721 Raymond Avenue
$1,100,000
48 more
Presented By: Yvette Geater with Century 21 Masters; 562-307-1056
Beds • 4
Baths • 1
SQFT • 3,684
Home Details
Charming Four-plex in Amenity-Rich Congress North, Los Angeles!!!
Located in the vibrant Congress North neighborhood of Los Angeles, this well-maintained Four-plex is a fantastic opportunity for both investors and owner-occupants. The area is renowned for its abundance of amenities, with markets, coffee shops, and more just steps away. This multi-family property features four spacious one-bedroom units, each boasting original hardwood floors and large windows that flood the interiors with natural light. Tenants will appreciate the paved parking space and the property’s excellent upkeep.
Positioned near the University of Southern California, this location offers exceptional convenience for students and faculty. The property is also just a short drive from the newly constructed SoFi Stadium and the Clippers Basketball Arena, making it a prime location for sports enthusiasts and entertainment seekers alike. Whether you’re looking to live in one unit and rent out the others, or fully capitalize on its rental potential, this property provides incredible flexibility and opportunity in one of LA’s most desirable and fast-growing neighborhoods.
Presented By: Yvette Geater with Century 21 Masters; 562-307-1056
Interior Features for 2721 Raymond Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Window FeaturesDrapes, WoodFrames
Other Rooms
Entry Level1
General for 2721 Raymond Avenue
AccessibilityAccessibleDoors
Additional Parcels Y/NNo
AppliancesGasRange, GasWaterHeater, Refrigerator, WaterHeater
Architectural StyleMidCenturyModern
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.5
Carport Y/NNo
CityLos Angeles
Community FeaturesPark, StreetLights, Sidewalks
Construction MaterialsBlock, Drywall, Glass, Hardboard, Concrete, Stucco
ContingencyBuyer to cooperate with seller 1031 Tax Exchange at no cost to buyer
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market1
DirectionsFrom 10 FWY W exit right to Hoover St and Vermont Ave make right on Normandie Ave. make left on W. Adams Blvd. make right on Raymond Ave.
DisclosuresOilRights, RentControl
ElectricStandard
Electric Expense1100.0
Entry LocationWest
Exterior FeaturesLighting, RainGutters
Facing DirectionEast
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2731.0
Interior FeaturesBuiltinFeatures, Balcony, CeilingFans, CrownMolding, Storage, AllBedroomsUp, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6636.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MaintenanceExpense250.0
MobileHomeRemainsYNNo
Net Operating Income50851.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Open Parking Spaces5.0
Operating Expense8521.0
Pool FeaturesNone
PossessionSeeRemarks
Private PoolNo
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, FireRatedDrywall, FireSprinklerSystem, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Tax Lot18
Taxes$0
Tenant PaysCableTV, Electricity, Gas, Telephone
TermsCash, Conventional
Total Actual Rent4.0
Trash Expense2400.0
UtilitiesCableAvailable, CableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerConnected, WaterAvailable, WaterConnected
ViewCityLights, Neighborhood
View Y/NYes
Water Sewer Expense1440.0
Waterfront Y/NNo
Year Built1923
Year Built SourcePublicRecords
ZoningLARD2
Exterior for 2721 Raymond Avenue
Building Area Total3684.0
Crops Included Y/NNo
Door FeaturesInsulatedDoors
FencingBlock, ChainLink, GoodCondition
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1523
Lot Size Area6636.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Pool Charge0.0
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480