10633 S Budlong Ave - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$1,700,000 USD
949-533-1572
10633 S Budlong Ave, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/48
null | 8.24% Cap Rate

10633 S Budlong Ave
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Section 8 Affordable Housing Investment Property with HIGH CAP RATE, Low Vacancy Rate, Amazing HIGH CASH FLOW
  • Renovated In 2022, Needs Minor Maintenance
  • Additional Unpermitted Garage Conversion - Studio Available
  • Motivated Seller - Selling Due To Another Development Project
  • Access From Street and Rear Alley
  • IMMEDIATE CASH FLOW ON YOUR INVESTMENT - NOW!

OVERVIEW

Huge Opportunity For An ALREADY CASH FLOWING, CASH FLOW Property That Needs Only A Small Amount of Work! 12 Bedrooms 8 Bathrooms + 1 Unpermitted Studio (Garage Conversion) 4 Units (Total) x 3 Bedrooms and 2 Bathrooms (Each Unit) in Heart of Los Angeles with Upgrades In Each Unit. 3 Units are Fully Rented With Long Term Tenants Through Section 8 (Government Pays Majority to You Directly On Time Each Month). 1 Unit Recently Became Vacant Recently - Potential For Owner Occupied Financing OR Place Tenant At Current Market Rent Rates (Upside Potential)! Garage Conversion (unpermitted) Studio Unit exists and is not rented. Laundry Room On Site. 4 Plex is gated and secured with Parking With Gate In Rear of Property and Street Parking Available in Front and Back of Property. 2 Units Below and 2 Units Above, Separate Laundry Room, Detached Adjacent Garage. High Capitalization Rate at 7%! $140,000 Net Annual Rent and $168,000 Gross Annual Rent with all 4 Units Rented. Granite Counter Tops, Newer Bathroom Fixtures and Vanities, Tile Flooring, Newer Paint Throughout, and Built In Cabinetry and Storage. Well Appointed Units Ideal For Renters! Alley Way Rear Access and Front Street Access. Property Needs Some Minor Work: Laundry Room Ceiling and Inside Units Like Ceiling Fan Mounting and Clean Up. Must See, Submit Your Offer Now Before This Property Is Sold to The Next Savvy Investor! Text Me at (949) 533-1572 Directly! dre 01904338

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

8.24%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CASH FLOW NOW IN Los Angeles 4 Units+1 Studio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

R3

APN/PARCEL ID

6060-014-008

ASK ABOUT THIS PROPERTY

Justin YeeXS Real EstateMore Info
949-533-1572

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Justin YeeXS Real EstateMore Info
949-533-1572

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.