2506 S Budlong Ave - Apartments FOR SALE
Los Angeles, CA 90007 |
2506 S Budlong Ave
Los Angeles, CA 90007
HIGHLIGHTS
- Excellent Unit Mix of massive (2) 1-Bed/1-Bath and (3) 2-Bed/1-Bath Units, with most units well over 1,000 Sq Ft.
- Strong Day 1 Income with a 12.70 GRM and 5.04% Cap Rate, stabilizing at 7.22 GRM and a 10.89% Cap Rate.
- Priced at only $257/Sq Ft, the subject is one of the Best $/Sq Ft in the neighborhood.
- 2 Vacant units come renovated and tenant ready, with the opportunity to choose your own tenants.
- Steps from USC, BMO Stadium, Lucas Museum, The Reef, Exposition Park and beautiful Downtown Los Angeles.
- New Roof Installed in 2024, as well as newer sewer line system and updated Gas Lines.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4460
STORIES
2
YEAR BUILT
1921
PARKING SPACES
5
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5054-020-003
