REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,399,980
Est. payment /mo
New
2717 S Budlong AVE Los Angeles, CA 90007
14 Beds
8 Baths
7,318 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,318 sqft
Price per Sqft $191
MLS Listing ID 25585055
Bedrooms 14
HOA Y/N No
Year Built 1931
Lot Size 7,775 Sqft
Property Description
Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone! Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area.The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. One of the 2BR units will be delivered vacant at closing, allowing immediate rent repositioning. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs.With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5054015017
Special Listing Condition Standard
Listed by Vinnie Park Keller Williams Larchmont