2506 S Budlong Avenue, Los Angeles, CA 90007
-
Listed Price :
$1,150,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1921
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
2506 S Budlong Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90007 |
| County |
Los Angeles |
| Listing Agent |
Aaron Jacobson DRE #02100737 |
| Co-Listing Agent |
Cameron Samimi DRE #02035763 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$1,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
6,752 |
| Year Built |
1921 |
Listing information courtesy of: Aaron Jacobson, Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 20th, 2024 at 3:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
