2327 S Budlong Ave
Los Angeles, CA 90007
-- Bed16 Baths8,062 Sq Ft188 Days on Market
For Sale $2,050,000
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Courtesy of Ashby & Graff
Listing Agent & Comments
Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $128,125.00 cost per unit and $254.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 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. 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 in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.68% / CURRENT GRM 12.9 PRO FORMA CAP RATE 10.01% / PRO FORMA GRM 7.6
MLS# 24369091 • Data provided by CRMLS
Living Area | 8,062 Sq.Ft. |
---|---|
Lot Size | 6,800 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | 16 |
Stories | 2 |
Year Built | 1911 |
Property Type | Multi Family |
Zoning | LAR2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $19,364 |
Property in Flood Zone | -- |
Data provided by CRMLS.
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More Information On This Home
This home's estimated value
$1,980,158
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage
2327 S Budlong Ave., Los Angeles, CA 90007
Multi Family-- Bed16 Baths8,062 Sq Ft188 Days on Market
Listing Agent & Comments
Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $128,125.00 cost per unit and $254.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 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. 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 in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.68% / CURRENT GRM 12.9 PRO FORMA CAP RATE 10.01% / PRO FORMA GRM 7.6
MLS# 24369091 • Data provided by CRMLS
Living Area | 8,062 Sq.Ft. |
---|---|
Lot Size | 6,800 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | 16 |
Stories | 2 |
Year Built | 1911 |
Property Type | Multi Family |
Zoning | LAR2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $19,364 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $2,050,000
Request tour
Save
Courtesy of Ashby & Graff
2327 S Budlong Ave
Los Angeles, CA 90007
-- Bed16 Baths8,062 Sq Ft188 Days on Market
Listing Agent & Comments
Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $128,125.00 cost per unit and $254.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 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. 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 in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.68% / CURRENT GRM 12.9 PRO FORMA CAP RATE 10.01% / PRO FORMA GRM 7.6
MLS# 24369091 • Data provided by CRMLS
Living Area | 8,062 Sq.Ft. |
---|---|
Lot Size | 6,800 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | 16 |
Stories | 2 |
Year Built | 1911 |
Property Type | Multi Family |
Zoning | LAR2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $19,364 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,980,158
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $2,050,000
Request tour
Save
Courtesy of Ashby & Graff