3944 S Budlong Ave - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$4,395,000 USD
310-779-9929
3944 S Budlong Ave, Los Angeles, CA for Sale
$4,395,000 USD
Apartments - FOR SALE
1/53
null | 6.3% Cap Rate

3944 S Budlong Ave
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • Modern 2019 Construction
  • Strong In-Place Cashflow
  • Premier USC & Exposition Park Location
  • Uniform Large Unit Mix
  • Transit-Oriented & Walkable
  • Dynamic Submarket Growth

OVERVIEW

True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 1135 Leighton Avenue & 3944 South Budlong Avenue, an eight-unit multifamily investment opportunity located in the Exposition Park neighborhood of Los Angeles. Constructed in 2019, the property comprises approximately 10,887± square feet of rentable building area, situated on two parcels totaling 13,776± square feet, zoned RD1.5-1-CPIO, providing long-term operational flexibility and investment stability in a highly desirable Los Angeles submarket. The property features eight well-designed three-bedroom, three-bathroom apartment units, offering spacious layouts tailored to modern renter demand. Each unit is individually metered for gas and electricity and includes a tankless water heater, providing operational efficiency and cost control. Ownership benefits from minimal utility obligations, as tenants are responsible for water, trash, gas, and electricity expenses. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO). Strategically located in Exposition Park, one of Los Angeles’ most culturally significant and supply-constrained neighborhoods, the property benefits from strong tenant demand driven by the area’s academic, cultural, and employment anchors. Residents enjoy proximity to the University of Southern California (USC), the California Science Center, the renowned museums of Exposition Park, and BMO Stadium, as well as the vibrant USC Village retail and dining corridor. The location offers excellent regional connectivity with convenient access to Downtown Los Angeles, major employment centers, and key transportation corridors, including the I-110 and I- 10 freeways, along with the Metro E Line, providing direct light rail access across the Westside and Downtown. This combination of quality construction, prime location, and strong underlying fundamentals presents investors with a compelling long-term hold opportunity in one of Southern California’s most dynamic and evolving multifamily markets.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$829 USD /SF

# OF UNITS

8

PRICE/UNIT

$549,375

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1135 Leighton Ave | 3944 S Budlong Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LARD1.5

APN/PARCEL ID

5037-021-026,5037-021-027

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

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