2717 S Budlong Avenue
Los Angeles, CA 90007
7318 sqft | 14 beds | 0.18 acres | #25500327
Description
This 8 unit value add opportunity is in the heart of the USC Secure zone and across the street from Richardson Family Park. It has explosive rental upside of over 80%. The Market cap rate at Pro-forma rents is over 10%. There is a very desirable unit mix of (6) 2BR/1BA, and (2) 1BR/1BA Units. The average unit size is 822 SF. One of the 2BR units will be delivered vacant. The property is on a 7,715 SF lot and includes (8) parking spaces. It is separately metered for gas & electric insuring low operating costs, and the electrical service panel was recently updated. The family has owned the property for over 38 years, and they are highly motivated to give up the ownership. Nearby amenities include the USC campus, BMO Stadium, Lucas Museum, Exposition Park and much more.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,745,000
- MLS #25500327
- MLS #25500327
- Cost1495000
- Acres0.1785
- Square Feet7318
- Year Built1931
- Bedrooms14
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Keith Moret (#CLW-X91371)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#CLW-X82195)
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