Los Angeles, CA 90007 2922 S Budlong Avenue

2922 S Budlong Avenue Los Angeles, CA - Image 12922 S Budlong Avenue Los Angeles, CA - Image 22922 S Budlong Avenue Los Angeles, CA - Image 3
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2922 S Budlong Avenue Los Angeles, CA - Image 42922 S Budlong Avenue Los Angeles, CA - Image 5
  • MLS# SR21230367
  • 10/19/2021
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Presented By: Anie Mayelian with Keller Williams Encino-Sherman Oaks - 818-915-9118
  • Beds • 19
  • Baths • 16
  • SQFT • 7,923
  • Year Built • 1964

Home Details

We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.
Presented By: Anie Mayelian with Keller Williams Encino-Sherman Oaks - 818-915-9118

Interior Features for 2922 S Budlong Avenue

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesNone

General for 2922 S Budlong Avenue

Additional Parcels Y/NNo
Community FeaturesBiking, Curbs, Sidewalks, Park
Garage Spaces0
Garage Y/NNo
Land Lease Y/NNo
LevelsTwo
Listing AgentAnie Mayelian - BRE#00778825
Listing Agent State License00778825
Lot Size Square Feet8750
MLS AreaC16 - Mid Los Angeles
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
StatusActive
Stories2
TermsCash, Cash to Existing Loan, Cash to New Loan
Total Units10
Water Sewer Expense11586
ZoningLAR2

Exterior for 2922 S Budlong Avenue

Lot FeaturesNear Park
Lot Size Acres0.2
Lot Size Area8750
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Total Parking10
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,850,000
MLS#SR21230367
List Date 10/19/2021
Property Type Income
Phone 310.658.1749
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