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2506 Budlong Avenue
Los Angeles, CA 90007
We are pleased to present a 5-unit (4 units + Single Family Home) property located in the heart of Jefferson Park, just steps from the USC Patrol Zone. 2 Units will be delivered Tenant Ready by COE! These spacious units feature new flooring, high ceilings, and renovated kitchens. Boasting an excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value- add investor with strong income. Priced at $252/Sq Ft, this property will come with two tenant ready units and an additional 77% in Rental Upside! With a new roof installed in 2024 and updated Gas and Sewer lines, this asset comes with very minimal maintenance requirements, as tenants are responsible for Gas, Electricity and Trash. Once stabilized, 2506 Budlong will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate! The subject property boasts a "Walk Score" of 88-Making this a very walkable neighborhood. The subject property is conveniently located in-between Downtown Culver City, Downtown Los Angeles and the city's metro line. Renters will enjoy the proximity to the 10, 405, and 110 Freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong day one income and immense upside.
PROPERTY INFORMATION
| MLS # | SB24149982 | Lot Size | 6,752 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,125,000
Price Per SqFt: $ 252 |
DOM | 286 Days |
| Address | 2506 Budlong Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,460 Sq. Ft. |
| Postal Code | 90007 | Garage | N/A |
| County | Los Angeles | Year Built | 1921 |
| Bed / Bath | 8 / 0 | Parking | 6 |
| Built In | 1921 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,200
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/20/2024 | Price Change (Relisted) | $1,150,000 (-3.77%) |
| 07/22/2024 | Listed | $1,195,000 |
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
