3023 S Budlong Avenue Los Angeles, CA ^$ 2,575,000

3023 S Budlong Avenue

^$ 2,575,000

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3023 S Budlong Avenue

Los Angeles, CA, 90007

^$ 2,575,000

Bedrooms16 Baths11.0 Sq 4,680

Monthly Estimate*

^$ 17,987

Listed by Keller Williams Downtown LA

3023 S Budlong Avenue, Los Angeles, CA 90007 - Image 1

3023 S Budlong Avenue, Los Angeles, CA 90007 - Image 2

3023 S Budlong Avenue, Los Angeles, CA 90007 - Image 3

3023 S Budlong Avenue, Los Angeles, CA 90007 - Image 4

3023 S Budlong Avenue, Los Angeles, CA 90007 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $2,575,000 with 16 bedrooms and 11 full baths. This 4,680 square foot home was built in 1913 on a lot size of 0.1541.

USC Student housing investment opportunity! 6.1% CAP rate and 12.44 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.

Multi-Family Active

Price

^$ 2,575,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1541

Year Built

1913

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24367617

Days on Market

Features

General

Sewer Other

Heating WallFurnace

Cooling None

Zoning LAR2

Security Features GatedCommunity

Year Built 1913

Tenant Pays Electricity Gas

View CityLights

Stories 2

Levels Two

Gross Income 207000.0

Community Features Gated

County Los Angeles

Net Operating Income 156680.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction East

Garage Y/N N

Special Listing Conditions Standard

Status Active

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.

City Los Angeles

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 6.0

Total Units 4

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 6711.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Budlong

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition AdditionsAlterations UpdatedRemodeled

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Occupancy Description Tenant

Cap Rate 6.1

Exterior

Parking Features ControlledEntrance Driveway CommunityStructure Uncovered

Total Parking 6.0

Lot Size Area 6711.0

Number of Buildings 1

Spa N

Building Area Total 4680.0

Lot Size Acres 0.1541

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 11

Internal Only

Street Number 1 3023

* Excluded Features

List By

Keller Williams Downtown La

Broker

(818) 321-6490

Phone

Affordability Calculator

$17,987

Per Month

Monthly Principal & Interest: $17,987
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 22%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2024	$2,575,000		Listed Price

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3023 S Budlong Avenue, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $2,575,000 with 4,680 sqft and a lot size of 0.1541. 3023 S Budlong Avenue has 16 bedrooms, 11.0 baths, and was built in 1913. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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.

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3023 S Budlong Avenue

Multi-Family Home for sale in Los Angeles, CA

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