2327 S Budlong Avenue, Los Angeles, CA 90007
Local realty services provided by:CENTURY 21 Fort Bragg Realty
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:162 day(s) ago
- Updated:August 01, 2026 at 11:04 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
$1,299,888Active2 beds 1 baths2429 E 3rd, Los Angeles, CA 90033
MLS# DW26149369Listed by: CENTURY 21 ALLSTARS - New
$1,850,000Active6 beds 6 baths10714 Valley Spring, North Hollywood, CA 91602
MLS# GD26167700Listed by: CHRISTIE'S RE SOCAL - New
$945,900Active4 beds 2 baths1,521 sq. ft.13155 Gault, Los Angeles, CA 91605
MLS# OC26167109Listed by: REEVE BROKERAGE INC. - New
$70,000Active0 Acres2805 Round Drive, Los Angeles, CA 90032
MLS# SR26157303Listed by: EQUITY UNION - New
$70,000Active0 Acres2801 Round Drive, Los Angeles, CA 90032
MLS# SR26157304Listed by: EQUITY UNION - New
$90,000Active0 Acres2717 Round Drive, Los Angeles, CA 90032
MLS# SR26157306Listed by: EQUITY UNION - New
$100,000Active0 Acres2717 Round Drive, Los Angeles, CA 90032
MLS# SR26157307Listed by: EQUITY UNION - New
$115,000Active0 Acres2806 Round Drive, Los Angeles, CA 90032
MLS# SR26157308Listed by: EQUITY UNION - New
$130,000Active0 Acres3630 E Roberta St, Los Angeles, CA 90031
MLS# SR26162500Listed by: DREAM HOME REALTY - New
$875,000Active2 beds 1 baths1,003 sq. ft.17634 Bromley Street, Encino, CA 91316
MLS# SR26165376Listed by: EXP REALTY OF GREATER LOS ANGELES, INC.