USC Student housing investment opportunity! 6.6% CAP rate and 10.6 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.
Property Details
Price:
$2,200,000
MLS #:
24456327
Status:
Active
Baths:
0
Address:
3023 S Budlong Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Oct 23, 2024
State:
CA
ZIP:
90007
Lot Size:
6,711 sqft / 0.15 acres (approx)
Year Built:
1913
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Community Structure, Controlled Entrance, Driveway, Uncovered
Parking Spots
6.00
Security Features
Gated Community
Sewer
Other
Stories Total
2
View
City Lights
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address3023 S Budlong Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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Courtesy of Keller Williams Realty Downey. 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 2025. California Regional Multiple Listing Service. All rights reserved.3023 S Budlong Avenue
Los Angeles, CA
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