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2703 Raymond Ave 10 Unit Apartment Building $2,195,984 CAD ($219,598 CAD/Unit) 7.78% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- ADU Development Potential (buyer to verify)
- USC Proximity
- Strong In-Place Income
- 14 Parking Spaces
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,195,984 CAD | Property Subtype | Apartment |
| Price Per Unit | $219,598 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.78% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 8.45 | Building Size | 4,409 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1905 |
| Zoning | LARD2 | ||
| Price | $2,195,984 CAD |
| Price Per Unit | $219,598 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Gross Rent Multiplier | 8.45 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,409 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| Zoning | LARD2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,595 CAD | 441 |
| Studios | 8 | $2,124 CAD | 441 |
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5054-009-022 | Total Assessment | $1,129,220 CAD |
| Land Assessment | $961,373 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $167,847 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5054-009-022
Land Assessment
$961,373 CAD
Improvements Assessment
$167,847 CAD
Total Assessment
$1,129,220 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2703 Raymond Ave
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