2327 S Budlong Avenue, Los Angeles, CA 90007
Local realty services provided by:CENTURY 21 Allstars
2327 S Budlong Avenue,Los Angeles, CA 90007
$1,850,000
- - Beds
- 16 Baths
- 8,062 sq. ft.
- Multi-family
- Active
Listed by: billy rojas
Office: ashby & graff310-856-9153
MLS#:26653611
Source:CRMLS
Price summary
- Price:$1,850,000
- Price per sq. ft.:$229.47
About this home
RENTAL INCOME: $187,968.00 per year / $15,664.00 per month. Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $115,625.00 cost per unit and $229.47 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. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 6.04 % / CURRENT GRM 9.8 PRO FORMA CAP RATE 11.49 % / PRO FORMA GRM 6.4...
Contact an agent
Home facts
- Year built:1911
- Listing ID #:26653611
- Added:112 day(s) ago
- Updated:June 12, 2026 at 10:47 AM
Rooms and interior
- Total bathrooms:16
- Kitchen Description:Dishwasher, Refrigerator
- Living area:8,062 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Year built:1911
- Building area:8,062 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Corners Marked
- Levels:2 Story
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$229.47
Features and amenities
- Appliances:Dishwasher
New listings near 2327 S Budlong Avenue
- New
$1,310,000Active4 beds 4 baths1288 West, Los Angeles, CA 90019
MLS# OC26122167Listed by: RE/MAX CONNECTIONS - Open Fri, 3 to 6pmNew
$775,000Active4 beds 3 baths1,859 sq. ft.9354 Burnet #105, North Hills, CA 91343
MLS# SR26127365Listed by: NEXT REAL ESTATE GROUP - Open Sun, 11am to 2pmNew
$725,000Active3 beds 2 baths1,046 sq. ft.13873 Lanark, Panorama City, CA 91402
MLS# SR26127497Listed by: SILVA REALTY - New
$849,950Active2 beds 2 baths1,260 sq. ft.6516 Longridge Avenue, Van Nuys, CA 91401
MLS# OC26120585Listed by: EXP REALTY OF CALIFORNIA INC - New
$4,999,000Active0 Acres25530 Dodge, Harbor City, CA 90710
MLS# PV26126960Listed by: MERIT REAL ESTATE - New
$999,000Active7 beds 5 baths519 Broad Avenue, Wilmington, CA 90744
MLS# SB26125323Listed by: COASTAL FINANCIAL & REALTY, INC - New
$1,125,000Active5 beds 3 baths2,417 sq. ft.8627 Bothwell, Northridge, CA 91324
MLS# SR26126337Listed by: BRANDOLINO GROUP - New
$795,000Active2 beds 1 baths944 sq. ft.1616 Allesandro Street, Los Angeles, CA 90026
MLS# CL26846177Listed by: COMPASS - Open Sat, 12 to 3pmNew
$622,000Active2 beds 2 baths1,355 sq. ft.435 S La Fayette Park Place #219, Los Angeles, CA 90057
MLS# 26844349Listed by: DREAM REALTY & INVESTMENTS INC - New
$1,249,000Active4 beds 3 baths1,788 sq. ft.5046 Mosaic Court, Los Angeles, CA 90041
MLS# 26846375Listed by: OCEANSIDE REALTY INC