2717 S Budlong Ave - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,349,800 USD
213-332-9045
2717 S Budlong Ave, Los Angeles, CA for Sale
$1,349,800 USD
Apartments - FOR SALE
1/33
null | 5.19% Cap Rate

2717 S Budlong Ave
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Prime USC Secure Zone location directly across from Richardson Family Park and minutes from USC and major attractions.
  • Exceptional value-add opportunity with over 80% rental upside and pro-forma cap rate exceeding 10%.
  • Desirable unit mix featuring six 2BR/1BA units and two 1BR/1BA units with ~822 SF average size.
  • Strong current income with $114,228 GOI and $70,055 NOI.
  • Spacious 7,715 SF lot with 8 on-site parking spaces.
  • Separately metered gas and electricity help keep operating expenses low.

OVERVIEW

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

$1,349,800 USD

PRICE/SF

$185 USD /SF

# OF UNITS

8

PRICE/UNIT

$168,725

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,782 SF

ZONING

LAR3

APN/PARCEL ID

5054-015-017

ASK ABOUT THIS PROPERTY

Vinnie ParkPropertyWorkMore Info
213-332-9045

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

Vinnie ParkPropertyWorkMore Info
213-332-9045

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