2327 S Budlong Avenue, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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:63 day(s) ago
- Updated:April 24, 2026 at 10:39 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
$1,480,000Active6 beds 5 baths2,731 sq. ft.10918 Laurel Canyon, San Fernando, CA 91340
MLS# SR26084049Listed by: SAN FERNANDO REALTY, INC. - Open Sat, 2 to 4pmNew
$1,600,000Active3 beds 2 baths1,739 sq. ft.5624 Stratford Road, Los Angeles, CA 90042
MLS# 26742029Listed by: COLDWELL BANKER REALTY - Open Sat, 1 to 4pmNew
$749,900Active2 beds 3 baths1,381 sq. ft.20335 Paseo Meriana, Porter Ranch, CA 91326
MLS# SR26086570Listed by: COLDWELL BANKER REALTY - New
$74,995Active1 beds 1 baths24200 Western #57, Torrance, CA 90501
MLS# SB26083569Listed by: EXP REALTY OF CALIFORNIA, INC. - New
$1,350,000Active3 beds 2 baths2214 W 8th, Los Angeles, CA 90057
MLS# CV26088056Listed by: FACTIO GROUP - New
$2,399,000Active0.19 Acres15321 De Pauw Street, Pacific Palisades (los Angeles), CA 90272
MLS# CL26778171Listed by: COMPASS - New
$895,000Active0.07 Acres805 Howard St, Venice (los Angeles), CA 90292
MLS# CL26783969Listed by: ESTATE PROPERTIES - New
$1,150,000Active0.13 Acres3417 S Catalina Street, Los Angeles, CA 90007
MLS# CL26793247Listed by: MARCUS & MILLICHAP - New
$90,000Active0 Acres10621 Victory Boulevard, North Hollywood (los Angeles), CA 91606
MLS# CRCV26087075Listed by: SOUTHLAND PROPERTIES - New
$1,398,000Active0.7 Acres3530 N Knoll Drive, Los Angeles, CA 90068
MLS# CRP1-26794Listed by: COMPASS