3023 South Budlong Avenue

Los Angeles, CA 90007

$2,575,000
Price
16
Beds
11
Baths
4,680 Sq. Ft.
$550 / Sq. Ft.
4,680
Sq. Ft.
$550
per Sq. Ft.

Description

USC Student housing investment opportunity! 6.1% CAP rate and 12.44 GRM! All current tenants are students at USC! Property is located within short walking distance to the University of Southern California. The property is located within the USC Department of Public Safety Patrol Zone and the USC Lyft Ride Safe program. The property has a total of 16 Bedrooms and 11 Bathrooms in 4 separate units. One - 5 Bed+4 Bath unit, two - 4 bed+3 bath units, and one - 3 Bed+1 Bath unit. The building is 4,680...USC Student housing investment opportunity! 6.1% CAP rate and 12.44 GRM! All current tenants are students at USC! Property is located within short walking distance to the University of Southern California. The property is located within the USC Department of Public Safety Patrol Zone and the USC Lyft Ride Safe program. The property has a total of 16 Bedrooms and 11 Bathrooms in 4 separate units. One - 5 Bed+4 Bath unit, two - 4 bed+3 bath units, and one - 3 Bed+1 Bath unit. The building is 4,680 Sq. Ft. and sits on a 6,708 Sq. Ft. lot zoned LAR2. There are 6 on-site parking spaces. Potential to add ADU on the lot. Buyer to verify all information Please do not disturb tenants, drive by only.
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #01364089 • Keller Williams Downtown LA
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 3023 South Budlong Avenue

Water Front
None
Zoning
LAR2
Cross Streets
West Jefferson Blvd.
Parcel Number
5040023022
Total Units
4.0
Living Area
4680
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute
LISTING UPDATED: 03/19/2024 12:01 AM

Property Details for 3023 South Budlong Avenue

StatusActive
MLS #24-367617
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.15 AC / 6,711 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute

Building Information for 3023 South Budlong Avenue

Stories2Residences-Year Built1913Building Size-Lot Size0.15 AC / 6,711 SF

Payment Calculator

$15,722 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,053

Property Taxes

$1,669

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3023 South Budlong Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Direction Faces: East
  • Property Condition: Updated/Remodeled, Additions/Alter
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas, Tankless, Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $207,000
  • Net Operating Income: $156,680.00
  • Gross Income: $207,000
  • Cap Rate: 6.10%
  • Gross Rent Multiplier: $12.44
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 50320
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1541
  • Lot Size Square Feet: 6711
Parking Details
Parking Details
  • Parking Garage: Community Garage, Controlled Entrance, Driveway, Uncovered
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Community Structure, Controlled Entrance, Driveway, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-11-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,400.00
  • Unit Actual Rent: $5,400.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $8,800.00
  • Unit Projected Rent: $9,900.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,050.00
  • Unit Actual Rent: $3,050.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $645,687.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $968,531.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,614,218.00

Property History for 3023 South Budlong Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3023 South Budlong Avenue

Taxable ValueLand$968,531Additions$645,687Total$1,614,218
Tax Record2023$20,030 ($1,669 / month)
Home Facts
Total Finished SqFt4,680 SqFtAbove Grade Finished SqFt4,680 SqFtLot Size6,709 SqFtStyleQuadraplexYear Built1913ZoningLAR2CountyLOS ANGELESAPN5040-023-022

Schools near 3023 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
John W. Mack 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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3023 South Budlong Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on March 11, 2024 by Keller Williams Downtown LA, it's currently listed at $2,575,000. It has been on the market for a total of 50 days and was last sold on September 28, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3023 South Budlong Avenue is a 16-bed, 11-bath, 4,680 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.