3568 South Budlong Avenue

Los Angeles, CA 90007

$1,050,000
Last Sold Price
7
Beds
5
Baths
4,571 Sq. Ft.
$230 / Sq. Ft.
4,571
Sq. Ft.
$230
per Sq. Ft.

Description

Excited to present this five unit complex in a prime 90007 zip code. Walking distance to USC. Prime area located within the DPS USC Campus Patrol and Response Area. Brand new roof. Brand new plumbing. Unit #5 completely renovated. (2) two bedroom one bath and (3)one bedroom one bath. Sold in "AS IS" Condition. Do not disturb tenants. Drive by only.Excited to present this five unit complex in a prime 90007 zip code. Walking distance to USC. Prime area located within the DPS USC Campus Patrol and Response Area. Brand new roof. Brand new plumbing. Unit #5 completely renovated. (2) two bedroom one bath and (3)one bedroom one bath. Sold in "AS IS" Condition. Do not disturb tenants. Drive by only.
  1. Listed by Armen Avanessian • DRE #02130758 • Brokerage DRE #01985275 • Peak Commercial

Property Details for 3568 South Budlong Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4571
Assessor Parcel Number
5040-018-028
Property Attached YN
true

Location

Listing Courtesy of Peak Commercial, Armen Avanessian, DRE #02130758

Sold By Peak Commercial, Armen Avanessian, DRE #02130758

Add your commute
LISTING UPDATED: 11/23/2021 09:41 AM

Property Details for 3568 South Budlong Avenue

StatusClosed
MLS #SR21152612
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.12 AC / 5,203 SF
CountyLos Angeles County

Location

Listing Courtesy of Peak Commercial, Armen Avanessian, DRE #02130758

Sold By Peak Commercial, Armen Avanessian, DRE #02130758

Add your commute

Building Information for 3568 South Budlong Avenue

Stories-Residences-Year Built1965Building Size-Lot Size0.12 AC / 5,203 SF

Payment Calculator

$6,880 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,150

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3568 South Budlong Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $65,280
  • Gross Scheduled Income: $114,000
  • Net Operating Income: $41,430
  • Laundry Income: $1,680
  • Financing: Cash
Expense Details
  • Operating Expense: $23,850
  • New Taxes Expense: $16,590
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,173
  • Professional Management Expense: $0
  • Trash Expense: $2,952
  • Water Sewer Expense: $5,400
  • Total Expenses: $28,115
Tax / Assessment Info
  • Tax Tract Number: harris
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Washer Included
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Front Yard, Lawn, Level with Street, Near Public Transit
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $484
  • Unit Type Total Rent: $484
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $796
  • Unit Type Total Rent: $796
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $686
  • Unit Type Total Rent: $686
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 3568 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 3568 South Budlong Avenue

Taxable ValueLand$668,100Additions$403,340Total$1,071,440
Tax Record2023$13,805 ($1,150 / month)
Home Facts
Total Finished SqFt4,571 SqFtAbove Grade Finished SqFt4,571 SqFtLot Size5,203 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLARD1.5CountyLOS ANGELESAPN5040-018-028

Schools near 3568 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.

Similar Homes

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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 Peak Commercial, Armen Avanessian, DRE #02130758

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.