Address
2327 S Budlong Avenue Los Angeles, CA
Price
$ 2,500,000
Property Attributes
  • MLS#21780990
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • Style
  • Price$ 2,500,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage8062
  • Lot Size6,799 SqFt
Listing Provided Courtesy Of:
Billy Rojas with Westside Properties - 310-486-2328
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
9/20/2021 Listed $2,500,000

General Features

Appliances Dishwasher, Disposal, Refrigerator
Heating Floor Furnace
Levels Two
Listing Agent Billy Rojas - BRE#01395544
Listing Agent State License 01395544
Lot Size Square Feet 6799
MLS Area C16 - Mid Los Angeles
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Stories 2
Total Units 16
View None
Zoning LAR2

Interior Features

Heating Y/N Yes

Exterior Features

Lot Dimensions 50x135
Lot Size Acres 0.15
Lot Size Area 6799
Lot Size Units Square Feet
Number of Buildings 1
Parking Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90007

Price
AVG $1.79M
$2.5M
Visits
AVG 31
24
Year Built
AVG 1920
1911
Walkscore
AVG 84
81
Data Provided by Walkscore ® not using MLS data

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