2717 S Budlong Avenue

Los Angeles , CA 90007

MLS#: 25585055

$1,399,980

Status: Active
Listing number: 25585055
Listing provided by: Keller Williams Larchmont
Listing agent phone: None
Last update: a day ago
New on site 4 days ago
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Property

Beds

14

Full Baths

None

1/2 Baths

None

Year Built

1931

Sq.Footage

7,318

Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone! Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area.The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. One of the 2BR units will be delivered vacant at closing, allowing immediate rent repositioning. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs.With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.

Features & Amenities

Interior

  • Total Bedrooms

    14

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Assigned

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1785

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,399,980

  • Sq. Footage

    7, 318

  • Price/SqFt

    $191

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Vinnie Park , Keller Williams Larchmont

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Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone! Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area.The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. One of the 2BR units will be delivered vacant at closing, allowing immediate rent repositioning. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs.With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.

2717 S Budlong Avenue

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