NOT LISTED FOR SALE

2924 Raymond Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,123,000 - $1,324,000

6 Beds
4 Baths
4,460 Sq Ft
$275/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $1,139,000 $255 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,665/month

82 Days on Market

About This Home

As of September 2021

Amazing opportunity! Very closw to university. Can potentially rent to students. 4 unit property. 2 units have 2 bedrooms 1 full bath in each unit. 2 units have 1 bedroom 1 bath each. 1 unit has a laundry hook up inside unit but there is also a community coin laundry on property. Driveway entrance shared with nieghbors.

Last Agent to Sell the Property

Paula Arroyo

Excellence RE Real Estate, Inc. License #00970034 Listed on: 05/27/2021

Excellence RE Real Estate, Inc.

Last Buyer's Agent

Paula Arroyo

Excellence RE Real Estate, Inc. License #00970034 Listed on: 05/27/2021

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,048

Year Built

  • Built in 1916

Lot Details

  • 6,657 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • 4,460 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Shared Driveway

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 7 / F
  • Assessor Parcel Number 5054013007

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $2,300
  • Other Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $7,700
  • Gross Income $61,284
  • Net Operating Income $7,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,048

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5054013007
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 255.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 6657.00
  • Lot Size Acres: 0.1528

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 61284.00
  • Gross Scheduled Income: 61284.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 6657.0000 Square Feet
  • Net Operating Income: 7700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 53584.00
  • Other Expense: 1200.00
  • Rent Control: Yes
  • Total Expenses: 7700.00

Tax Info

  • Tax Block: F
  • Tax Census Tract: 2221.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 1996
Sold by
Foster Wilbur L
Bought by
Rocha Arturo and Vasquez Rosa
Current Estimated Value
$1,224,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,312
Interest Rate
8.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rocha Arturo $195,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rocha Arturo $189,312
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2021 09/28/21 Sold $1,139,000 -3.5% $255 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $1,180,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,048 $1,208,715 $827,742 $380,973
2024 $14,845 $1,185,015 $811,512 $373,503
2023 $14,566 $1,161,780 $795,600 $366,180
2022 $13,903 $1,139,000 $780,000 $359,000
2021 $3,957 $293,389 $97,792 $195,597
2019 $3,847 $284,690 $94,893 $189,797
2018 $3,738 $279,109 $93,033 $186,076
2016 $3,531 $268,272 $89,421 $178,851
2015 $3,483 $264,243 $88,078 $176,165
2014 $3,522 $259,068 $86,353 $172,715
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Paula Arroyo

    Excellence RE Real Estate, Inc.

    (562) 644-1462

    1 in this area

    25 Total Sales

    Paula Arroyo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21115004

California Regional Multiple Listing Service (CRMLS)

APN: 5054-013-007

California Los Angeles County Los Angeles 90007 Adams-Normandie

2924 Raymond Ave, Los Angeles, CA

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