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$2,500,000
249 Days Online

2327 S Budlong Avenue
Los Angeles, CA 90007

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Billy Rojas of Ashby & Graff

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(866) 538-6057
2327 S Budlong Avenue2327 S Budlong Avenue2327 S Budlong Avenue2327 S Budlong Avenue
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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.

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Listing Snapshot
Price 
$2,500,000
Days Online 
249 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,062 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1561 Acres
Year Built 
1911
MLS Number 
21780990
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
8 months agoListing first seen online
General Features
Parking 
None
Parking Spaces 
0
Number of Stories 
2
Acreage 
0.1561
Zoning 
LAR2
Listing Conditions 
Standard
Interior Features
Heating 
Floor Furnace
Appliances 
DishwasherDisposalRefrigerator
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Exterior Features
View 
None
Community Features
Association Dues 
0
Senior Community 
No
MLS Area 
C16 - Mid Los Angeles
Crmls Logo Real Estate For Sale

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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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