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$1,195,000

Beds
4
sq ft
4,168

3110 Raymond Ave, Los Angeles, CA 90007

3110 Raymond Ave

Los Angeles, CA 90007

  • 5 days on market
Located in the Jefferson Park/Adams-Normandie area, just west of University Park and USC, this superb investment opportunity is ready for its new owner. This well maintained asset consists of 4 large units, each nearing 1,000 square feet. All units have formal living rooms, dining rooms and individual laundry rooms. One unit has an additional tandem bedroom. Off-street parking for 4 cars in the detached garage and carports. Tenants pay their own gas and electric, which are separately metered. Owner pays for water. The interior condition is mostly original in clean operable condition. This is an R3 zoned lot for possible development potential. Add-value opportunity and upside potential in rents.

Details

Property type

Lot size

6,680 sq ft

Price per sq ft

$287

Year built

1922

HOA

No

Price History

06/26/2024
CLAW

CLAW #24406263

Listed
$1,195,000
-4.02%
05/03/2024
CLAW

CLAW #23268363

Removed
$1,245,000
05/16/2023
CLAW

CLAW #23268363

Listed
$1,245,000

Schools & Community

Neighborhood: 

Adams-Normandie

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$602,031
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$497,369
Cash to seller
$602,031

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

December 2021

Original loan amount

$525,000

Est. remaining balance

$497,369

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Victor Dillon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:30 AM

Listing updated: 06/26/2024 at 1:23 PM

Listed by: Victor Migenes, Property Concierge Phone #: (310) 463-5181

MLS: CLAW #24406263

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