3110 Raymond Ave, Los Angeles, California 90007, Los Angeles, 90007 - 5 bed, 4 bath
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Los Angeles, California 90007
This four-unit High-Potential Investment Opportunity is listed at a List Price of $980,000, positioned above the $880,426 Fair Market Value. While the property currently trades at a premium, its R3 Zoning and prime location near USC offer significant long-term upside. With a Condition Rating of 5, the "mostly original" interiors provide a blank canvas for a value-add renovation strategy. This asset is ideal for Buy-and-Hold Investors or Developers looking to capitalize on high rental demand in a core Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3110 Raymond Ave Subject | $980,000* List Price | 5 | 4 | 4,168 | $211 | - |
A 2955 Van Buren Place Active | $1,199,900 List Price | 0 | 0 | 4,436 | $270 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and described as 'mostly original,' the property is over 100 years old without significant modern renovations. While currently functional and tenant-occupied, the 'mostly original' interior and 'value-add' description indicate that kitchens, baths, and systems are likely over 30-50 years old and require a full rehab to meet modern standards.
Situated in a high-demand corridor near USC, Downtown LA, and Exposition Park, the property is perfectly positioned to attract a steady stream of student and professional tenants.
With large 1,000 sq. ft. units, R3 zoning, and mostly original interiors, there is substantial upside for investors to increase rents through modernization or explore future development.
The property features separate meters for gas and electricity, individual laundry rooms for each unit, and rare off-street parking, which reduces owner expenses and increases tenant retention.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 8.
The 'mostly original' condition of the 1922 structure suggests that significant capital expenditure may be required for repairs and aesthetic upgrades to achieve market-rate rents.
Being fully tenant-occupied limits immediate access for renovations and requires navigating Los Angeles's complex rent control and tenant rights regulations during a transition.
Opportunity to acquire a four-unit income property in a high-demand Los Angeles rental corridor near USC, Downtown LA, Exposition Park, and major transportation. The property consists of four large one-bedroom units, with assessor records showing two-bedroom units, each approximately 1,000 sq. ft. Each unit offers a formal living room, dining room, and individual laundry room. One unit includes an additional tandem room that may be used as a bedroom or flexible space. The property includes off-street parking for four cars with a detached garage and carport. Tenants pay their own gas and electric, with separate meters. Owner pays water. Interior condition is mostly original, clean, and operable. R3 zoning may offer future development potential. Value-add opportunity with upside potential in rents. Tenant occupied. Please do not disturb occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 4,168 | 4,098 | 67% |
| Lot Size | 6,680 | 5,892 | 67% |
| Price | $980.0K | $980.0K | 50% |
| Price per sq ft | $235 | $305 | 33% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 285 | 33% |
Jun 4, 2026
$980,000
Initial Listing
Dec 7, 2009
$360,000
Public Record
Oct 6, 1999
$275,000
Public Record
Oct 14, 1998
$171,000
Public Record