Real Estate Listings & Homes for Sale
2327 S Budlong Avenue Los Angeles, CA 90007
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Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. 65% upside in rents and 100% collection rate. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $156,250.00 cost per unit and an excellent opportunity for a 1031 exchange buyer.
|a month ago||Listing updated with changes from the MLS|
|8 months ago||Listing first seen online|