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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,495,000

Est. payment - /mo

12 Beds

5 Baths

6,031 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,031 sqft

Price per Sqft $247

MLS Listing ID 26799928

Bedrooms 12

HOA Y/N No

Year Built 1909

Lot Size 8,781 Sqft

Property Description

Welcome to the West Adams neighborhood where you can live, earn, and grow your investment. Priced at below $250 per building sq. ft. and a Cap Rate of 7.5%. Discover a rare West Adams offering: an expansive 6,031 sq. ft. (12 Beds and 5 Baths) 3-unit property on a sprawling 8,780 sq. ft lot. This is your chance to owner-occupy one turnkey unit while collecting rents from the others or obtain top market rent for the vacant unit. The interior photos are all of the vacant unit. The front house of 4,419 sq. ft. consists of a first-floor unit with 3 bedrooms and 2 baths ready for immediate occupancy and a separate second floor with 5 bedrooms and 1 bath. The second-floor bedrooms are currently rented out room by room with a current income of $3,763.00 per month. The vacant character filled unit features high ceilings, gleaming hardwood floors, a designer-caliber gourmet kitchen with an oversized island, stone countertops, and stainless-steel appliances. The spa-inspired baths feature modern fixtures and elegant tilework. The rear duplex of 1,612 sq. ft., built in 1965, consists of 2 units both with 2 bedrooms and a 1 bath floor plan with a current income of $3,667.00 plus upside of obtaining market rent of $2,500.00 per unit. Let's not forget about the 6 parking spaces that are secured behind gates. Situated in the heart of West Adams, you are moments from USC, Exposition Park, hip cafes, artisan boutiques, and the Expo Line. Whether you're looking to live on-site and let the market pay your mortgage, or maximize your rental income across three separate units, this is the opportunity you've been waiting for. Schedule your private showing today as 2619 Raymond Ave. is the perfect blend of California lifestyle and smart real-estate strategy.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Heating None

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Laundry Closet

Exterior

Parking Features Assigned, Concrete, Gated

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch Front Porch

Total Parking Spaces 6

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Other

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5054010005

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Roy Kwak Sunnyside Group #01815269

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

2619 Raymond AVE Los Angeles, CA 90007

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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2619 Raymond AVE