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.… Read More 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. Read Less
Property listed by Marcus & Millichap, 424-405-3900
Listing Snapshot
Days Online
16
Last Updated
Beds
2
Square Ft.
4,409
Lot Size
0.21 Acres
Year Built
1905
MLS Number
26633923
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1905, Living area: 4409.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $189,298, Net Operating Income: $124,511
Lot
0.2071 acres
Parking
14 total parking spaces, Uncovered
Taxes
Parcel Number: 5054009022, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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