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3023 S Budlong Avenue

Los Angeles, CA 90007

– beds
– baths
– sqft
6,711 sqft lot
1913 build
– on site

USC Student housing investment opportunity! 6.6% CAP rate and 10.6 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.

Listed By CRMLS_CA / Michael R. Fukushima / Keller Williams Realty Downey

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# 24456327 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1913
New Construction:

No
Faces:

East
Building Area Total:

4680.00
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

Property is near the University of Southern California. Property is located along S Budlong Ave. near the intersection of Jefferson Blvd. and Budlong Ave.
Latitude:

34.02654500
Longitude:

-118.29622100

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled, Additions/Alterations
Zoning:

LAR2
Lot Size Area:

6711.0000
Lot Size Acres:

0.1541
Lot Size SqFt:

6711.00
View:

1
View:

City Lights
Security Features:

Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5040023022

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Sewer:

Other

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Community Structure, Controlled Entrance, Driveway, Uncovered
Parking Spaces:

6.00
Uncovered Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/25/24 Oct 25, 2024	Listed / Active	CRMLS_CA	$2,200,000	49.1% (7.0% / YR)
3/12/24 Mar 12, 2024	Listed / Active	BRIDGE
3/11/24 Mar 11, 2024	Listed / Active	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90007 is currently for sale for $2,200,000. 3023 S Budlong Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 30 days. 3023 S Budlong Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Foshay Learning Center, Manual Arts Senior High School, and John W Mack Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Downey. Based on information from California Regional Multiple Listing Service, Inc. as of 10:11 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.