Los Angeles, CA 90007,2922 S Budlong AVE
Los Angeles, CA 90007,2922 S Budlong AVE
Los Angeles, CA 90007,2922 S Budlong AVE
Los Angeles, CA 90007,2922 S Budlong AVE
Los Angeles, CA 90007,2922 S Budlong AVE
Los Angeles, CA 90007,2922 S Budlong AVE
See all 6 photos

$2,700,000

$2,850,000

5.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8,751 Sqft Lot


SOLD DATE : 01/11/2022

Key Details

Sold Price $2,700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR21230367

Sold Date 01/11/22

HOA Y/N No

Year Built 1964

Lot Size 8,751 Sqft

Property Description

We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking, Curbs, Sidewalks, Park

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Park

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5054035009

Energy Description 2234.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Anie Mayelian • Keller Williams Encino-Sherman Oaks
Bought with Shawn Mehrannia • Home Team Realty
agent-avatar

+1(818) 645-0845

cyrene@cyreneproperties.com

15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.