2717 S Budlong Avenue, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties

2717 S Budlong Avenue, Los Angeles, CA 90007

$1,495,000 Approx. USD 14 beds, 8 baths
7,318 sqft

Listing Agent


Keith Moret | keith.m@lyonstahl.com
Lic#: 01802527
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Co Listing Agent


Nicholas Ensbury | Nick.E@LyonStahl.com
Lic#: 02012167
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

This 8 unit value add opportunity is in the heart of the USC Secure zone and across the street from Richardson Family Park. It has explosive rental upside of over 80%. The Market cap rate at Pro-forma rents is over 10%. There is a very desirable unit mix of (6) 2BR/1BA, and (2) 1BR/1BA Units. The average unit size is 822 SF. One of the 2BR units will be delivered vacant. The property is on a 7,715 SF lot and includes (8) parking spaces. It is separately metered for gas & electric insuring low operating costs, and the electrical service panel was recently updated. The family has owned the property for over 38 years, and they are highly motivated to give up the ownership. Nearby amenities include the USC campus, BMO Stadium, Lucas Museum, Exposition Park and much more.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 25500327
List price is $1,495,000 Reduced by $250,000 on 3/5/2025
Price: $1,495,000
Beds: 14
Baths: 8
Built in 1931
7,318 sqft
2 stories
0.18 acres
Lot size: 0.1785
County: Los Angeles
Zoning: LAR3
Appliances: Disposal
Parking description: Assigned
Heating/cooling: None
Heating description: Natural Gas
MLS area: C16 - Mid Los Angeles

Last Updated: 4/7/2025

 Days On Market (DOM): 49

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

Lat/Long: 34.030417, -118.296216.
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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.

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