Property Details
About this Property
We are pleased to present a 5-unit (4 units + Single Family Home) property located in the heart of Jefferson Park, just steps from the USC Patrol Zone. 2 Units will be delivered Tenant Ready by COE! These spacious units feature new flooring, high ceilings, and renovated kitchens. Boasting an excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value- add investor with strong income. Priced at $252/Sq Ft, this property will come with two tenant ready units and an additional 77% in Rental Upside! With a new roof installed in 2024 and updated Gas and Sewer lines, this asset comes with very minimal maintenance requirements, as tenants are responsible for Gas, Electricity and Trash. Once stabilized, 2506 Budlong will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate! The subject property boasts a "Walk Score" of 88-Making this a very walkable neighborhood. The subject property is conveniently located in-between Downtown Culver City, Downtown Los Angeles and the city's metro line. Renters will enjoy the proximity to the 10, 405, and 110 Freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong day one income and immense upside.
MLS Listing Information
MLS #
CRSB24149982
MLS Source
California Regional MLS
Days on Site
119
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Contact Information
Listing Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
License #: 02100737
Phone: (310) 729-1559
Co-Listing Agent
Cameron Samimi
License #: 02035763
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2506 S Budlong Ave is a Residential Income in Los Angeles, CA 90007. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,125,000 and was built in 1921. This address can also be written as 2506 S Budlong Ave, Los Angeles, CA 90007.
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This listing information is up-to-date as of October 24, 2024. For the most current information, please contact Aaron Jacobson, (310) 729-1559
