2506 S Budlong Avenue, Los Angeles, CA 90007
- $1,150,000
- $258
- $1,150,000
- $258
Description
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 $257/Sq Ft, this property will come with two
tenant ready units and an additional 78% 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 6.90 GRM and a 11.42% 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.
Address
Open on Google Maps-
Address: 2506 S Budlong Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90007
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Area: C16 - Mid Los Angeles
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Country: United States
Details
Updated on August 30, 2024 at 6:33 am-
Property ID SGR-33668948
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Price $1,150,000
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Land Area 6752.00 m²
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Garages 3.00
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Year Built 1921
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Property Type Residential Income
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Property Status For Sale
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Living Area 4460.00
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MLS# SB24149982
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Office Name LYON STAHL INVESTMENT REAL ESTATE, INC.
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Agent Name Aaron Jacobson
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MLS Status Active
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Living Area Prefix Sqft
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Co-Office Name Lyon Stahl Investment Real Estate, Inc.
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Co-Agent Name Cameron Samimi
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Agent State License 02100737
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Co-Agent State License 02035763
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IDX Contact Info 310-729-1559
Additional details
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Sewer Public Sewer
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County Los Angeles
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Property SubType Commercial/Residential
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Parking 6.00
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Water Source Public
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