2327 S Budlong Ave Los Angeles, CA 90007
Other Residential
MLS #: 24-369091
Courtesy Of Ashby & Graff
$2,350,000
8,062 sq ft
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Estimated monthly payments:
$10,273/mo.* (recalculate)
Property InformationDescription
Excellent opportunity to acquire a 16 unit apartment building in the West Adams district of Los Angeles by USC at a $147,000 cost per unit and $291.00 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. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.05% / CURRENT GRM 14.8 - PRO FORMA CAP RATE 8.73% / PRO FORMA GRM 8.7
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Ceiling Fan(s), Window Unit(s) A/C
- Heating System: Floor Furnace
- Lot Size: 0.16 Acres
- Roof Type: Unknown
MAP & DIRECTIONS
School Information
2327 S Budlong Ave, Los Angeles, CA 90007
Elementary School
Grades KG-5 |
Public School
VERMONT AVENUE ELEMENTARY
Los Angeles, CA 90007
1435 W 27th St
323.733.2195
Distance: 0.3 mi
School Rating
B-
Student:Teacher Ratio
19:1
Total Students
444
Middle School
Grades 6-12 |
Public School
FOSHAY LEARNING CENTER
Los Angeles, CA 90018
3751 S Harvard Blvd
323.373.2700
Distance: 1.2 mi
School Rating
B
Student:Teacher Ratio
22:1
Total Students
1854
High School
Grades 9-12 |
Public School
WEST ADAMS PREPARATORY HIGH SCHOOL
Los Angeles, CA 90007
1500 W Washington Blvd
323.373.2500
Distance: 0.5 mi
School Rating
D+
Student:Teacher Ratio
17:1
Total Students
1151
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Sophia T. Salvin Special Education Center | 0.3 mi | Public | KG-10 | |
| Camino Nuevo Elementary #3 | 0.3 mi | Public | KG-8 | C- |
| Los Angeles Christian School | 0.3 mi | Private | KG-8 | |
| Camino Nuevo Elementary School #3 | 0.5 mi | Public | KG-5 | |
| John W. Mack Elementary | 0.6 mi | Public | KG-5 | D+ |
| Crown Preparatory Academy | 0.7 mi | Public | 5 | |
| Stem Preparatory Elementary School | 0.7 mi | Public | KG-5 | D+ |
| St Thomas The Apostle Elementary School | 0.7 mi | Private | KG-8 | |
| Crown Preparatory Academy | 0.8 mi | Public | 5-8 | C+ |
| 24th Street Elementary School | 0.8 mi | Public | KG-4 | B+ |
| Magnolia Avenue Elementary School | 0.8 mi | Public | PK-5 | C |
| Alliance Gertz-ressler Richard Merkin 6-12 Complex | 0.8 mi | Public | 6-12 | B- |
| Joseph Pomeroy Widney Career Preparatory And Transition Center | 0.9 mi | Public | 11-12 | |
| Bishop Conaty-our Lady Of Loretto High School | 0.9 mi | Private | 9-12 | |
| Lenicia B. Weemes Elementary | 0.9 mi | Public | PK-5 | C |
| Downtown Value | 1.0 mi | Public | KG-8 | C- |
| Berendo Middle School | 1.0 mi | Public | 6-8 | C- |
| Norwood Street Elementary School | 1.0 mi | Public | KG-5 | C+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Los Angeles, CA 90007
| Median Age: | 29.6 |
|---|---|
| Married: | 21% |
| Number of Households: | 12,766 |
| Households with Children: | 20.8% |
Los Angeles, CA 90007
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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