2506 S Budlong Avenue
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 6,752 sqft lot
- 1921 build
- – on site
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 $252/Sq Ft, this property will come with two tenant ready units and an additional 77% 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 6.75 GRM and a 11.70% 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.
Last checked:
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Last updated Oct 24, 2024
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MLS# SB24149982 —
The Building
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Year Built:1921
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:4460.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:5
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Entry Location:Front
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Laundry:Gas Dryer Hookup, Washer Hookup
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Laundry:1
Location
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Directions:Off Adams and Vermont
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Latitude:34.03339000
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Longitude:-118.29612300
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LAR2
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Lot Features:0-1 Unit/Acre
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Lot Size Area:6752.0000
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Lot Size Acres:0.1550
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Lot Size SqFt:6752.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:E
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Tax Census Tract:2216.01
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Tax Tract:123
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Tax Lot:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5054020003
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Showings Begin:2024-07-24
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Biking, Dog Park, Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:6.00
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Garage Spaces:3.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/26/24
Sep 26, 2024
|
Price Changed | CRMLS_CA | $1,125,000 | -2.2% |
|
8/20/24
Aug 20, 2024
|
Price Changed | CRMLS_CA | $1,150,000 | -3.8% |
|
7/24/24
Jul 24, 2024
|
Listed / Active | CRMLS_CA | $1,195,000 |
