2717 S Budlong Avenue

Los Angeles, CA 90007

  • 14 Bed(s)
  • 0 Bath(s)
  • 7,318 Sqft
  • 7775
    Sqft(Lot)
$1,745,000

Description

This 8 unit value add opportunity is in the heart of the usc secure zone and across the street from richardson family park. it has explosive rental upside of over 80%. the market cap rate at pro-forma rents is over 10%. there is a very desirable unit mix of (6) 2br/1ba, and (2) 1br/1ba units. the average unit size is 822 sf. one of the 2br units will be delivered vacant. the property is on a 7,715 sf lot and includes (8) parking spaces. it is separately metered for gas & electric insuring low operating costs, and the electrical service panel was recently updated. the family has owned the property for over 38 years, and they are highly motivated to give up the ownership. nearby amenities include the usc campus, bmo stadium, lucas museum, exposition park and much more.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48684702

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Disposal

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Natural Gas
    • Has Heating

  • Building Information

    • Year Built: 1931
    • Building Area Total: 7,318

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.1785
    • Lot Size Dimensions: 58x134
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7775

  • Listing Price Information

    • Original List Price: 1,745,000
    • Listing Contract Date: 2025-02-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5054015017

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Directions: East of Normandie, West of Vermont, North of Jefferson
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 94
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7318
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/25/2025 @ 06:00

  • MLS: 25500327
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 7,318 sqft, 7,775 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90007, this Los Angeles County Home are nearby neighborhoods.