Skip To Content

2327 S Budlong Ave

Los Angeles, CA 90007
  • $2,500,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 21-780990
UPDATED: 25 min ago
$2,500,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,062
    SQFT
  • $310
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Description

Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. 65% upside in rents and 100% collection rate. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $156,250.00 cost per unit and an excellent opportunity for a 1031 exchange buyer.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/121581263
Print Image

2327 S Budlong Ave Los Angeles, CA 90007

  • Price: $2,500,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 25 min ago
  • MLS #: 21-780990
0
Beds
0
Baths
0
½ Baths
0.16
Acres
8,062
SQFT
$310
$/SQFT
1911
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. 65% upside in rents and 100% collection rate. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $156,250.00 cost per unit and an excellent opportunity for a 1031 exchange buyer.
Exterior Features

Cross Streets Budlong Ave. And 24th St. Levels Two Lot Location Corner Lot Lot Size Area 6799 Other Structures None Parking Garage None Total Parking 0 View Description None View YN No

Interior Features

Baths Total 16.00 Cooling Window Unit(S)Ceiling Fan Equipment Garbage DisposalDishwasherRange/OvenCableBuilt-InsRefrigeratorAttic Fan Heating Floor Furnace Laundry Laundry Area Laundry Equipment Own

Property Features

Assessed Total Value 1420170 Gross Income 156228 Gross Operating Income 156228 Like Units1 16 Net Operating Income 87801.00 Number Of Buildings 1 Number Of Units 16 Owner Pays Water Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 63740 Type Of Units Studios Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Billy Rojas DRE#01395544 of Westside Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-780990-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-780990-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-780990-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210