2619 Raymond Ave, Los Angeles, CA 90007

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.