2717 S Budlong Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,325,000 USD
737-200-0968
2717 S Budlong Ave, Los Angeles, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/33
null | 5.75% Cap Rate

2717 S Budlong Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Large Units and HUGE Upside - For Sale By Owner

OVERVIEW

FOR SALE BY OWNER Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone! Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area. The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs. With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,782 SF

ZONING

R3

APN/PARCEL ID

5054-015-017

ASK ABOUT THIS PROPERTY

Tom DanielTom Daniel The MagnoliaMore Info
737-200-0968

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Tom DanielTom Daniel The MagnoliaMore Info
737-200-0968

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