2626 Raymond Avenue Los Angeles, CA ^$ 995,000

2626 Raymond Avenue

^$ 995,000

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2626 Raymond Avenue

Los Angeles, CA, 90007

^$ 995,000

Studio Baths0.0

Monthly Estimate*

^$ 6,950

2626 Raymond Avenue, Los Angeles, CA 90007 - Image 1

Studio

Commercial Property for sale in Los Angeles, CA

for $995,000. This building was built in 1922.

Upside of this property is in its proximity to USC and the enormous upside in rents. Owners have owned this property since 1972. Additionally, The garages have all been vacated to make room for (2) ADU's. Rents below reflect increase as of April 2024. If you add $200,000 for the addition of the (2) ADU's, your actual CAP Rate with current rents plus ADU rent would be 6.66%

Commercial Active

Price

^$ 995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024371013

Features

General

Utilities Natural Gas Available

Roof Flat

Zoning LARD2

Construction Materials Frame Stucco

Year Built 1922

Electric Standard

County Los Angeles

Net Operating Income 40306.0

Property Type F

Status Active

City Los Angeles

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 0.0

Street Name Raymond

Standard Status Active

Exterior

Lot Features Front Yard

Water Source Public

Lot Size Area 8105.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Luis Ruiz

Listing Agent

Lar Realty, Inc.

Broker

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$6,950

Per Month

Monthly Principal & Interest: $6,950
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,194,282

Percent of Sale Price 121%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2024	$995,000	-20.40%	Price Down
3/20/2024	$1,250,000		Listed Price

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2626 Raymond Avenue, Los Angeles, CA, 90007 is a Commercial Property for sale at $995,000. 2626 Raymond Avenue is a studio with 0.0 baths and was built in 1922. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/26/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2626 Raymond Avenue

Commercial Property for sale in Los Angeles, CA

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