We are pleased to present a 5-unit (4 units + Single Family
Home) property located in the heart of Jefferson Park, just
steps from the USC Patrol Zone. These spacious units feature new
flooring, high ceilings, and renovated kitchens. Boasting an
excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-
add investor with strong income.
Priced at $252/Sq Ft, this property will come with two
tenant ready units and an additional 77% in Rental Upside!
With a new roof installed in 2024 and updated Gas and
Sewer lines, this asset comes with very minimal
maintenance requirements, as tenants are responsible for
Gas, Electricity and Trash. Once stabilized, 2506 Budlong
will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!
The subject property boasts a "Walk Score" of 88-Making
this a very walkable neighborhood.
The subject property is conveniently located in-between
Downtown Culver City, Downtown Los Angeles and the
city’s metro line. Renters will enjoy the proximity to the 10,
405, and 110 Freeways, making commuting in Los Angeles
a breeze. This is an excellent opportunity to acquire an
investment property with strong day one income and
immense upside.
Home) property located in the heart of Jefferson Park, just
steps from the USC Patrol Zone. These spacious units feature new
flooring, high ceilings, and renovated kitchens. Boasting an
excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-
add investor with strong income.
Priced at $252/Sq Ft, this property will come with two
tenant ready units and an additional 77% in Rental Upside!
With a new roof installed in 2024 and updated Gas and
Sewer lines, this asset comes with very minimal
maintenance requirements, as tenants are responsible for
Gas, Electricity and Trash. Once stabilized, 2506 Budlong
will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!
The subject property boasts a "Walk Score" of 88-Making
this a very walkable neighborhood.
The subject property is conveniently located in-between
Downtown Culver City, Downtown Los Angeles and the
city’s metro line. Renters will enjoy the proximity to the 10,
405, and 110 Freeways, making commuting in Los Angeles
a breeze. This is an excellent opportunity to acquire an
investment property with strong day one income and
immense upside.
Property Details
Price:
$1,125,000
MLS #:
SB24149982
Status:
Active
Baths:
0
Address:
2506 S Budlong Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jul 22, 2024
State:
CA
ZIP:
90007
Lot Size:
6,752 sqft / 0.16 acres (approx)
Year Built:
1921
See this Listing
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Schools
Interior
Exterior
Community Features
Biking, Dog Park, Sidewalks
Garage Spaces
3.00
Lot Features
0-1 Unit/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address2506 S Budlong Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2506 S Budlong Avenue
Los Angeles, CA
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