2327 S Budlong Avenue, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties

2327 S Budlong Avenue, Los Angeles, CA 90007

$1,900,000 Approx. USD 16 beds, 16 baths
8,062 sqft

Listing Agent


Billy Rojas | williamyesidrojas@hotmail.com
Lic#: 01395544
Broker: Courtesy of Ashby & Graff

Agent Remarks

Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $118,750.00 cost per unit and $235.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 5.0 % / CURRENT GRM 10.2 - PRO FORMA CAP RATE 10.6 % / PRO FORMA GRM 6.6

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25497021
Price: $1,900,000
Beds: 16
Baths: 16
Built in 1911
8,062 sqft
2 stories
0.16 acres
Lot size: 0.1561
County: Los Angeles
Zoning: LAR2
Appliances: Dishwasher,Refrigerator
Parking description: None
Heating description: Floor Furnace
MLS area: C16 - Mid Los Angeles

Last Updated: 4/21/2025

 Days On Market (DOM): 138

 Find more Los Angeles homes and real estate

 Find more homes in 90007 zip code

This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.034691, -118.296770.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90007 Area Map

Demographics

Schools

Near by

Similar Listings