14 bd | 9 ba | 4,200 sqft
2639 S Budlong Ave, Los Angeles, CA 90007
Off market | Zestimate®: $1,326,600
Rent Zestimate®: $9,432
Est. refi payment: $8,664/mo
About This Home
2639 S Budlong Avenue
Excellent cash-flowing Student Housing investment grossing $180,078 in rent annually. Actual current Cap Rate at a stunning 6.74%. The property is in a prime location for USC student housing located in the USC DPS Safety Patrol zone and walking distance to Ralph's and USC. Both units are under a Master Lease to a USC student management company until August 2024, with no vacancies. The rear ADU was constructed in 2020. All utilities are covered by tenants. Both units total approximately 4187 square feet of rentable space with an additional 550 square feet of loft space that could potentially be converted to a junior ADU by a savvy developer. Front unit has solar panels that are paid in full. The properties sit on a huge 8099 sq ft lot that is rare to find in the 90007 zip code and has LARD1.5 zoning (potentially build 5 units by right) and HPOZ. Buyer to verify all information with city. Property is fully occupied by students - do not disturb tenants. Disturbing tenants will disqualify buyer. Investment property is to be sold As-Is, cash offers preferred.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
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Home Details for 2639 S Budlong Ave
Interior Features
Heating & Cooling
Heating: Forced Air
Air Conditioning
Cooling System: Central
Heating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Floors: Hardwood, Laminate, Linoleum Vinyl
Gated Entry
Appliances & Utilities
Disposal
Dryer
Microwave
Refrigerator
Washer
Property Information
Year Built
Year Built: 1905
Year Updated: 2020
Property Type / Style
Property Type: Multi Family
Exterior Features
Parking & Garage
Parking Spaces: 9
Parking: On Street
Community
Units in Building: 2
Lot Information
Lot Area: 8097 sqft
Comments