11718 S Budlong Ave, Los Angeles, CA 90044
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11718 S Budlong Ave, Los Angeles, CA 90044
11718 S Budlong Ave, Los Angeles, CA 90044
11718 S Budlong Ave, Los Angeles, CA 90044
11718 S Budlong Ave, Los Angeles, CA 90044
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$ 2,800,000
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11718 S Budlong Ave Los Angeles, CA 90044

16 Beds

16 Baths

8,128 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,128 sqft

Price per Sqft $344

MLS Listing ID 26964937

Bedrooms 16

Year Built 1955

Lot Size 0.292 Acres

Acres 0.2918

Property Sub-Type Multi-Family

Property Description

This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a very well-kept, updated and professionally managed 16-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. 5 units have just finished remodels and are now on the rental market and market rent ready. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located two doors away from two of the portfolio assets which provides a rare opportunity of large lot assemblage.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Ceiling Fan, Dishwasher, Microwave, Freezer, Garbage Disposal

Exterior

Parking Features Assigned

Garage Spaces 16.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Avenue Realty Group
Sharon Baluku
Sharon Baluku

Agent License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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11718 S Budlong Ave