3023 South Budlong Avenue Los Angeles, CA ^$ 2,425,000

3023 South Budlong Avenue

^$ 2,425,000

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3023 South Budlong Avenue

Los Angeles, CA, 90007

^$ 2,425,000

Studio Baths0.0 Sq 4,680

Monthly Estimate*

^$ 16,939

3023 South Budlong Avenue, Los Angeles, CA 90007 - Image 1

3023 South Budlong Avenue, Los Angeles, CA 90007 - Image 2

3023 South Budlong Avenue, Los Angeles, CA 90007 - Image 3

3023 South Budlong Avenue, Los Angeles, CA 90007 - Image 4

3023 South Budlong Avenue, Los Angeles, CA 90007 - Image 5

Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,425,000. This 4,680 square foot home was built in 1913 on a lot size of 0.15.

USC Student housing investment opportunity! 6.5% CAP rate and 11.78 GRM! All current tenants are students at USC! Property is located within short walking distance to the University of Southern California. The property is located within the USC Department of Public Safety Patrol Zone and the USC Lyft Ride Safe program. The property has a total of 16 Bedrooms and 11 Bathrooms in 4 separate units. One - 5 Bed+4 Bath unit, two - 4 bed+3 bath units, and one - 3 Bed+1 Bath unit. The building is 4,680 Sq. Ft. and sits on a 6,708 Sq. Ft. lot zoned LAR2. There are 6 on-site parking spaces. Potential to add ADU on the lot. *Buyer to verify all information* Please do not disturb tenants, drive by only.

Multi-Family Active

Price

^$ 2,425,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1913

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024367617

Features

General

Heating Wall Furnace

Zoning LAR2

Security Features Gated Community

Year Built 1913

Tenant Pays Electricity Gas

View City Lights

Levels Two

Accessibility Other

County Los Angeles

Net Operating Income 158480.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction East

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

View Y/N Yes

Senior Community Y/N No

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 6711.0

Street Name Budlong

Property Condition Updated/Remodeled Additions/Alterations

Additional Parcels Y/N No

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Uncovered Controlled Entrance Driveway Community Structure

Lot Size Area 6711.0

Foundation Details None

Building Area Total 4680.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Michael Fukushima

Listing Agent

Keller Williams Downtown La

Broker

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$16,939

Per Month

Monthly Principal & Interest: $16,939
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,983,367

Percent of Sale Price 18%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$2,425,000	-5.83%	Price Down
3/12/2024	$2,575,000		Listed Price

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3023 South Budlong Avenue, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $2,425,000 with 4,680 sqft and a lot size of 0.15. 3023 South Budlong Avenue is a studio with 0.0 baths and was built in 1913. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/10/2024. 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 data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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3023 South Budlong Avenue

Multi-Family Home for sale in Los Angeles, CA

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