11221 Raymond Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$874,900
11221 Raymond Avenue, Los Angeles, California 90044
0Bed
0Bath
2,070Sqft
5,809Lot
Year Built
1956
Close
-
List price
$875K
Original List price
$950K
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
DW25007385
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $874.9K(70th), sqft - 2070(50th), beds - undefined(50th), baths - undefined(50th).
Great property close to LAX and the freeways 110, 405, and 105. If you want to be close to the airport, downtown L.A. malls, and shopping centers this is the perfect location. Don't wait, IT WON'T LAST call us now for more information.
Price History
Date
Event
Price
02/15/11
Sold
$210,000
Condition Rating
Fair
Built in 1956, the property is significantly aged. The kitchen features very dated light wood cabinets, laminate countertops, white appliances (including a gas range and refrigerator), linoleum flooring, and an old fluorescent light fixture. The bathroom also presents an outdated aesthetic with a similar light wood vanity, dated light fixture, and older tile. While the property appears functional and maintained, the kitchen and bathrooms are severely outdated and require a full renovation to meet current quality standards and tenant expectations. There are no immediate signs of structural defects, but the overall condition points to a need for substantial cosmetic and functional updates.
Pros & Cons
Pros
Strategic Location: The property boasts excellent proximity to major transportation hubs including LAX and key freeways (110, 405, 105), as well as downtown Los Angeles, malls, and shopping centers, enhancing its appeal for tenants and commuters.
Income-Generating Asset: As a Quadruplex (Residential Income property), it offers significant potential for rental income and serves as a valuable investment opportunity for generating consistent cash flow.
Recent Price Adjustment: The list price has been reduced from an original $949,900 to $874,900, indicating a potential value opportunity or increased motivation from the seller.
Generous Lot Size: With a 5809 sqft lot, the property offers ample outdoor space, which is a valuable asset in Los Angeles and could provide opportunities for expansion, additional parking, or outdoor amenities.
Fresh Market Listing: Having been listed on January 13, 2025, the property is relatively new to the market, offering buyers a fresh opportunity before it becomes widely known.
Cons
Property Age: Built in 1956, the property is older, which may necessitate significant updates, renovations, or system replacements to meet modern standards and tenant expectations, potentially incurring substantial costs.
Lack of Detailed Information: The property description is notably vague, lacking crucial details regarding the condition of individual units, current rental income, occupancy rates, or any recent renovations, which are vital for an income property assessment.
Potential for Deferred Maintenance: Given its age and the absence of specific renovation details, there is an inherent risk of deferred maintenance or outdated features that could require considerable capital expenditure post-acquisition.