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3117 Raymond Avenue
Los Angeles, CA 90007

$4,350,000 
  • -- Beds
  • -- Baths
  • 7,037 sqft
  • Residential Income | Commercial/Residential
  • Active
3117 Raymond Avenue, Los Angeles - 697716804
3117 Raymond Avenue, Los Angeles - 697716805
3117 Raymond Avenue, Los Angeles - 697716806
3117 Raymond Avenue, Los Angeles - 697716807
3117 Raymond Avenue, Los Angeles - 697716808
3117 Raymond Avenue, Los Angeles - 697716809
3117 Raymond Avenue, Los Angeles - 697716810
3117 Raymond Avenue, Los Angeles - 697716811
3117 Raymond Avenue, Los Angeles - 697716812
3117 Raymond Avenue, Los Angeles - 697716813
3117 Raymond Avenue, Los Angeles - 697716814
3117 Raymond Avenue, Los Angeles - 697716815
3117 Raymond Avenue, Los Angeles - 697716816
3117 Raymond Avenue, Los Angeles - 697716817
3117 Raymond Avenue, Los Angeles - 697716818
3117 Raymond Avenue, Los Angeles - 697716819
3117 Raymond Avenue, Los Angeles - 697716820
3117 Raymond Avenue, Los Angeles - 697716821
3117 Raymond Avenue, Los Angeles - 697716822
3117 Raymond Avenue, Los Angeles - 697716823
3117 Raymond Avenue, Los Angeles - 697716824
3117 Raymond Avenue, Los Angeles - 697716825
3117 Raymond Avenue, Los Angeles - 697716826
3117 Raymond Avenue, Los Angeles - 697716827
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3117 Raymond Avenue, Los Angeles - 697716832
3117 Raymond Avenue, Los Angeles - 697716833
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3117 Raymond Avenue, Los Angeles - 697716835

Property Description for 3117 Raymond Avenue, Los Angeles CA 90007

Newly built 5 units USC student housing development. Each newly constructed unit offers 6 beds for student rentals. Each bedroom has a private ensuite bathroom, an especially attractive feature for student tenants. Each of the 30 beds monthly projected rent is $825. There are a total of 9 onsite parking spaces generating $12,300 annually. Total annual rents ($297,000) and parking fees ($12,300) add up to a phenomenal $309,300 in yearly Gross Income, which after deducting expenses of $56,550, gives you a NOI of $252,750 and a 5.8% cap rate for a newly built project. The units are separately metered for water, electricity, and gas, and tenants are responsible for paying all utility expenses. These newly built units feature top-of-the line amenities for students with brand new appliances (refrigerators, ranges, microwaves, dishwashers, washers & dryers), and each unit has its own HVAC. Each unit has a living area, dining area, kitchen and in-unit laundry facility. The property is walking distance to campus, less than half-mile from USC, and within the USC Department of Public Safety (DPS) Patrol and Response Area.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Los Angeles
  • State: CA
  • Zip: 90007
  • Area: C16 - Mid Los Angeles
  • County: Los Angeles
  • Class: Residential Income
  • Property Subtype: Commercial/Residential
  • Approx Lot Size: 0.152
  • New Construction: Yes
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 7,037 sqft
  • Lot Sq Ft Apx: 6617.00
  • Garage: 5.00
  • Year Built: 2019
  • Listing#: RS19072737
  • Parcel Number: 5040002025
  • List Date: 4/3/2019
  • Last updated on: 6/24/2019

Property Features for 3117 Raymond Avenue, Los Angeles CA 90007

  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Year Built: 2019
  • Community Features: Curbs, Sidewalks, Urban
  • Zoning: Lar3
  • Lot Desc: 0-1 Unit/Acre
  • Pool: None

Additional Information for 3117 Raymond Avenue, Los Angeles CA 90007

  • Direction Faces: East
  • Expenses: 56550.00
  • Gross Building Area: 7037.00
  • Gross Income: 309300.00
  • Net Income: 252750.00
  • New Construction Y/ N: Yes
Courtesy of Luis Guevara, Keller Williams Realty Downey
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.