2506 S Budlong Avenue, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
Email MeEmail Me
Menu

2506 S Budlong Avenue, Los Angeles, CA 90007

$1,050,000 Approx. USD 8 beds, 5 baths
4,460 sqft

Save My Notes
Share

Listing Agent


Jake Glaser | jake@lyonstahl.com
Lic#: 02128816
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Co Listing Agent


Spencer Chan | spencer@lyonstahl.com
Lic#: 02197531
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

2506 S Budlong Ave is a charming 5-unit apartment building located in Jefferson Park, just steps from the USC Patrol Zone. Built in the early 1920s, this well-maintained property consists of (3) two-bedroom / one-bathroom units and (2) one-bedroom / one-bathroom units. The top floor of the front structure consists of only two-bedroom / one-bath units while the bottom floor is split between a renovated two-bedroom / one-bathroom unit on the left, and a one-bedroom / one-bathroom unit on the right. The back structure is a fully renovated detached 1-bedroom / 1-bathroom house. The property is fully occupied and presents investors with immediate operating cash flow with the potential to increase the gross income by 62%. The property also includes three unused parking spaces, which could generate additional income, and offers significant ADU potential, with the ability to develop up to four ADUs in the rear or immediately add a Tiny Home ADU (buyer to verify).The property has recently undergone major improvements, including a new roof on the rear structure and a repaired roof on the main building. It also features updated gas and sewer lines, ensuring minimal maintenance for a new owner. Once fully stabilized, the property will operate at a 7.28 GRM and 10.52% Cap Rate. Loaded in a highly walkable neighborhood and a 5-minute drive to USC, this property offers easy access to Downtown Culver City, Downtown LA, and the major freeways (10, 205, and 110). This is an excellent opportunity to acquire a cash-flowing asset with multiple value-add avenues, including ADU potential, parking income, and significant rental upside.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25499367
List price is $1,050,000 Reduced by $50,000 on 4/1/2025
Price: $1,050,000
Beds: 8
Baths: 5
Built in 1921
4,460 sqft
2 stories
0.16 acres
Lot size: 0.1550
County: Los Angeles
Zoning: LAR2
Parking description: Driveway
Heating description: Wall Furnace
MLS area: C16 - Mid Los Angeles

Last Updated: 4/3/2025

 Days On Market (DOM): 74

 Find more Los Angeles homes and real estate

 Find more homes in 90007 zip code

This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.033390, -118.296303.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90007 Area Map

Demographics

Schools

Near by

Similar Listings

Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692