2506 S Budlong Avenue
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 6,752 sqft lot
- 1921 build
- – on site
2506 S Budlong Ave is a charming 5-unit apartment building located in Jefferson Park, just steps from the USC Patrol Zone. Built in the early 1920s, this well-maintained property consists of (3) two-bedroom / one-bathroom units and (2) one-bedroom / one-bathroom units. The top floor of the front structure consists of only two-bedroom / one-bath units while the bottom floor is split between a renovated two-bedroom / one-bathroom unit on the left, and a one-bedroom / one-bathroom unit on the right. The back structure is a fully renovated detached 1-bedroom / 1-bathroom house. The property is fully occupied and presents investors with immediate operating cash flow with the potential to increase the gross income by 62%. The property also includes three unused parking spaces, which could generate additional income, and offers significant ADU potential, with the ability to develop up to four ADUs in the rear or immediately add a Tiny Home ADU (buyer to verify).The property has recently undergone major improvements, including a new roof on the rear structure and a repaired roof on the main building. It also features updated gas and sewer lines, ensuring minimal maintenance for a new owner. Once fully stabilized, the property will operate at a 7.28 GRM and 10.52% Cap Rate. Loaded in a highly walkable neighborhood and a 5-minute drive to USC, this property offers easy access to Downtown Culver City, Downtown LA, and the major freeways (10, 205, and 110). This is an excellent opportunity to acquire a cash-flowing asset with multiple value-add avenues, including ADU potential, parking income, and significant rental upside.
Last checked:
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Last updated Feb 19, 2025
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MLS# 25499367 —
The Building
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Year Built:1921
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New Construction:No
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Building Area Total:4460.00
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Total Number Of Units:5
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:On the East side of Budlong Ave just North of West Adams Blvd and South of the 10 freeway.
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Latitude:34.03339000
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Longitude:-118.29630300
The Property
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Property Type:Residential Income
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Zoning:LAR2
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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
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5054020003
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:5.00
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Uncovered Spaces:5.00
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | $1,100,000 | |
|
9/26/24
Sep 26, 2024
|
Price Changed | CRMLS_CA | ||
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8/20/24
Aug 20, 2024
|
Price Changed | CRMLS_CA |
