Los Angeles, CA 90007 2506 S Budlong Avenue
$1,125,000
10 more
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Home Details
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. 2 Units will be delivered
Tenant Ready by COE! 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.
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Interior Features for 2506 S Budlong Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 2506 S Budlong Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.43
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, DogPark, Sidewalks
CountyLos Angeles
Days on Market64
DirectionsOff Adams and Vermont
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Expected Active Date 2024-07-24
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income94089.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense4460.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6752.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense3500.0
MobileHomeRemainsYNNo
Net Operating Income61100.0
New ConstructionNo
NumberOfUnitsTotal5
Open Parking Spaces3.0
Operating Expense30167.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot5
Taxes$14,333
TermsCash, CashToNewLoan, Conventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense3750.0
Waterfront Y/NNo
Year Built1921
Year Built SourceAssessor
ZoningLAR2
Exterior for 2506 S Budlong Avenue
Building Area Total4460.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.155
Lot Size Area6752.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480