$ 1,125,000
2506 South Budlong Avenue Los Angeles, CA 90007
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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 1,125,000
Est. payment /mo
New
2506 South Budlong Avenue Los Angeles, CA 90007
4,460 SqFt
UPDATED:
11/20/2024 03:59 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,460 sqft
Price per Sqft $252
MLS Listing ID SB-24149982
Year Built 1921
Lot Size 6,752 Sqft
Property Description
We are pleased to present a 5-unit (4 units + Single Family Home) property located in the heart of Jefferson Park, just steps from the USC Patrol Zone. 2 Units will be delivered Tenant Ready by COE! 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-BathUnits, this partially renovated asset is ideal for any value- add investor with strong income. Priced at $252/Sq Ft, this property will come with two tenant ready units and an additional 77% 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 6.75 GRM and a 11.70% 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.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Gated
Garage Spaces 3.0
Pool None
Community Features Biking, Dog Park, Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Other, Public Sewer