2922 South Budlong Avenue
2922 South Budlong Avenue
$2,700,000
19
16
7,923
7,923
$341
Closed 1/11/22
Description
We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new...We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.
- Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01811831 • Keller Williams Encino-Sherman Oaks
Property Details for 2922 South Budlong Avenue
Parking Spaces Total
10
Private PoolNo
Total Units10.0
Building TypeDetached
Lot Size SourceAssessor
Living Area7923
Assessor Parcel Number5054-035-009
Property Attached YNfalse
Location
LISTING UPDATED: 01/11/2022 07:17 AM
Property Details for 2922 South Budlong Avenue
Status | Closed |
---|---|
MLS # | SR21230367 |
Days on Market | 69 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.20 AC / 8,750 SF |
County | Los Angeles County |
Location
Building Information for 2922 South Budlong Avenue
Stories2Residences-Year Built1964Building Size-Lot Size0.20 AC / 8,750 SF
Payment Calculator
$17,603 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2922 South Budlong Avenue
Property History for 2922 South Budlong Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2922 South Budlong Avenue
Taxable ValueLand$1,734,000Additions$1,020,300Total$2,754,300
Tax Record2023$34,410 ($2,868 / month)
Home Facts
Total Finished SqFt7,923 SqFtAbove Grade Finished SqFt7,923 SqFtLot Size8,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR2CountyLOS ANGELESAPN5054-035-009
Schools near 2922 South Budlong Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Vermont Avenue Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
Stem Preparatory Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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