2703 Raymond Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,600,000 USD
707-225-2402
2703 Raymond Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | 7.78% Cap Rate

2703 Raymond Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • ADU Development Potential (buyer to verify)
  • Strong In-Place Income
  • USC Proximity
  • 14 Parking Spaces

OVERVIEW

We are pleased to present 2703 Raymond Avenue in Los Angeles, CA, a 10-unit apartment building ideally located near the University of Southern California. The property features a unit mix of eight studio units and two one-bedroom apartments, supported by 14 on-site parking spaces, a rare amenity for the submarket. Recent capital improvements include upgraded electrical, plumbing, and foundation, providing a solid operational base. With strong in-place income, potential for rent growth and operational efficiencies, and possible ADU development upside (buyer to verify), this asset offers a compelling opportunity in the supply-constrained West Adams neighborhood, where demand is driven by proximity to education, employment, and transit. For more information, please reach out.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

10

PRICE/UNIT

$160,000

CAP RATE

7.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,136 SF

ZONING

LARD2

APN/PARCEL ID

5054-009-022

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.