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 Sq 5,326

Monthly Estimate*

^$ 6,950

Listed by LAR Realty, Inc.

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

Studio

Commercial Property for sale in Los Angeles, CA

for $995,000. This 5,326 square foot building was built in 1922 on a lot size of 0.1861.

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

Lot Size

0.1861

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24371013

Days on Market

Features

General

Utilities NaturalGasAvailable

Roof Flat

Zoning LARD2

HOA 0.0

Construction Materials Frame Stucco

Year Built 1922

Electric Standard

County Los Angeles

Net Operating Income 40306.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Possible Use MultiFamily

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions From Figueroa move West on Adams and then South on Raymond

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 5.0

Total Units 5

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 8105.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Raymond

Listing Terms Cash

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 6

Standard Status Active

Cap Rate 3.22

Exterior

Lot Features FrontYard

Water Source Public

Total Parking 9.0

Lot Size Area 8105.0

Number of Buildings 2

Spa N

Building Area Total 5326.0

Lot Size Acres 0.1861

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 2626

* Excluded Features

List By

Lar Realty, Inc.

Broker

(323) 223-3881

Phone

Affordability Calculator

$6,950

Per Month

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

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Yearly Home Insurance

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 ^$2,170,078

Percent of Sale Price 118%

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.

273443 Elementary School

272636 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 with 5,326 sqft and a lot size of 0.1861. 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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.

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2626 Raymond Avenue

Commercial Property for sale in Los Angeles, CA

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