Skip To Content

2922 S Budlong Avenue

Los Angeles, CA 90007
  • $2,850,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: SR21230367
UPDATED: 140 min ago
$2,850,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.

Monthly Payment Calculator



Based on information from CRISNet MLS as of 2021-12-03T23:56:12.737. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-12-03T23:56:12.737. 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.
www.searchhomesincalifornia.com/homes/122575116
Print Image

2922 S Budlong Avenue Los Angeles, CA 90007

  • Price: $2,850,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 140 min ago
  • ID#: SR21230367
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1964
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.
Exterior Features

Levels Two Lot Features Lot 6500-9999Park Nearby Lot Size Area 8750.0000 Parking Total 10.00

Interior Features

Common Walls No Common Walls Laundry Features None Laundry YN No

Property Features

Additional Parcels YN No Community Features BikingCurbsParkSidewalks Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Lar2

Listing provided courtesy of Anie Mayelian, CA DRE# 00778825, of Keller Williams Encino-Sherman Oaks.


Based on information from CRISNet MLS as of 2021-12-03T23:56:12.737. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-12-03T23:56:12.737. 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.
 
https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367444979-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367444979-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367444979-1.jpg
Logo
Powell Fine Homes Group, Inc. - Keller Williams Realty World Class
30700 Russell Ranch Road, Suite 200
Westlake Village CA, 91362