2506 Budlong Avenue, Los Angeles
Los Angeles Home For Sale
2 Units will be delivered Tenant Ready by COE! 2506 Budlong Ave is an extremely well maintained 5-Unit apartment in the heart of Jefferson Park, just steps from the USC Patrol Zone. These spacious units feature new flooring, high ceilings, and renovated kitchens. Boasting an excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-Bath Units, this partially renovated asset is ideal for any value-add investor with strong going in income. Priced at $267/Sq Ft, this property will come with two tenant ready units and an additional 78% in Rental Upside! With a new roof installed in 2024 and updated Gas and Sewer lines, this asset comes with very minimal maintenance requirements, as tenants are responsible for Gas, Electricity and Trash. Once stabilized, 2506 Budlong will operate at 7.17 GRM and a 10.94% pro forma Cap Rate! The subject property boasts a "Walk Score" of 88-Making this a very walkable neighborhood. The subject property is conveniently located in-between Downtown Culver City, Downtown Los Angeles and the city's metro line. Renters will enjoy the proximity to the 10, 405, and 110 Freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong day one income and immense upside.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90007
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- MLS® #:
- SB24149982
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- Bedrooms:
- 8
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- Bathrooms:
- 5
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- Lot Size:
- 0.16
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2024 at 6:15am PDT. 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.