Los Angeles, CA 90007 2327 S Budlong Avenue

2327 S Budlong Avenue Los Angeles, CA - Image 12327 S Budlong Avenue Los Angeles, CA - Image 22327 S Budlong Avenue Los Angeles, CA - Image 3
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2327 S Budlong Avenue Los Angeles, CA - Image 42327 S Budlong Avenue Los Angeles, CA - Image 52327 S Budlong Avenue Los Angeles, CA - Image 6
  • MLS# 21780990
  • 09/20/2021
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Presented By: Billy Rojas with Westside Properties - 310-486-2328
  • Beds • 16
  • Baths • 16
  • SQFT • 8,062
  • Year Built • 1911

Home Details

Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 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. 65% upside in rents and 100% collection rate. 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 to their portfolio at a low $156,250.00 cost per unit and an excellent opportunity for a 1031 exchange buyer.
Presented By: Billy Rojas with Westside Properties - 310-486-2328

Interior Features for 2327 S Budlong Avenue

Other Interior Features

Heating Y/NYes

General for 2327 S Budlong Avenue

AppliancesDishwasher, Disposal, Refrigerator
HeatingFloor Furnace
LevelsTwo
Listing AgentBilly Rojas - BRE#01395544
Listing Agent State License01395544
Lot Size Square Feet6799
MLS AreaC16 - Mid Los Angeles
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Stories2
Total Units16
ViewNone
ZoningLAR2

Exterior for 2327 S Budlong Avenue

Lot Dimensions50x135
Lot Size Acres0.15
Lot Size Area6799
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesNone
View Y/NNo

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,500,000
MLS#21780990
List Date 09/20/2021
Property Type Income
Phone 310.658.1749
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