2639 South Budlong Avenue

Los Angeles, CA 90007

$2,175,000
Price
14
Beds
9
Baths
4,400 Sq. Ft.
$494 / Sq. Ft.
4,400
Sq. Ft.
$494
per Sq. Ft.
a front view of a house with a yard
a front view of a house with a yard
a view of entryway with a front door
a view of a dining room with furniture and wooden floor
a view of a dining room with furniture window and wooden floor
a view of a dining room with furniture window and wooden floor
a view of a hallway with entryway and wooden floor
a bedroom with a bed and wooden floor
a bedroom with a bed and a chair
a bedroom with a bed and a window
a view of livingroom with furniture and a fireplace
a bathroom with a sink mirror and shower
a bathroom with a toilet sink vanity and shower
an empty room with wooden floor and windows
a view of a kitchen with refrigerator and washer
a kitchen with granite countertop a sink and a stove top oven
a kitchen with stainless steel appliances granite countertop a refrigerator a stove and a sink
a kitchen with stainless steel appliances granite countertop a refrigerator stove and microwave
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a bathroom with a bath tub sink vanity and a mirror
a view of entryway and hall with wooden floor
a view of entryway
a view of entryway and hall with wooden floor
a view of a hallway with wooden floor and staircase
a living room with furniture and wooden floor
a living room with furniture and a window
a view of workspace with wooden floor and window
a bedroom with a bed and a window
a room with wooden floor and chair
a living room with a window
a room with table and chair
a bedroom with a bed and a table
a spacious bedroom with a bed and wooden floor
a view of a room with wooden floor and chair
a bedroom with a bed and a window
a living room with furniture and wooden floor
a living room with furniture and a rug
a living room with furniture and wooden floor
a bathroom with a bathtub and a shower
a bedroom with a bed and a desk
a bedroom with a bed and chair
a view of an empty room with wooden floor and a window
a yellow house with a trees in front of it
a front view of a house with a yard
a view of a house with a patio
a kitchen with a refrigerator a stove top oven a sink dishwasher with a dining table and chairs with wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink dishwasher a microwave oven with a dining table and chairs
a kitchen with stainless steel appliances granite countertop a stove top oven a sink dishwasher a dining table and chairs with wooden floor
a kitchen that has a sink and a stove with wooden floor
a kitchen with a dining table chairs stove and white cabinets

Description

We are pleased to offer the opportunity to acquire this 14-bedroom investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property and all fourteen (14) bedrooms were completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout. The two-story structures,...We are pleased to offer the opportunity to acquire this 14-bedroom investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property and all fourteen (14) bedrooms were completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout. The two-story structures, consisting of two separate single-family residences, were constructed of wood frame and stucco on a raised foundation. The front house was built in 1905 and the rear house was recently constructed in 2021, with a total square footage of 4,400 SF (not including a large attic loft of about 550 SF), on an 8,100 SF lot, zoned LARD1.5. The buildings have been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable mix, consisting of one (1) vacant 9-bedroom + 5-bathroom SFR (approximately 3,200 SF), and one (1) 5-bedroom + 4-bathroom SFR (approximately 1,200 SF). The front house comes with approved plans + permits, which would allow investors to legally renovate/ add additional bedrooms + bathrooms to add even more value to the property. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The rear 5-bedroom + 4-bathroom SFR is 100% occupied, and fully leased for the 2024-2025 year. The investment is priced at an 8.5% cap rate - excellent cashflow opportunity.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01854200 • KW Advisors

Property Details for 2639 South Budlong Avenue

Zoning
LARD1.5
Parcel Number
5054016014
Total Units
2.0
Living Area
4400
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
50%
Lot Size Area
8102
LISTING UPDATED: 10/01/2024 12:01 AM

Property Details for 2639 South Budlong Avenue

StatusActive
MLS #24-443361
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.19 AC / 8,102 SF
CountyLos Angeles County

Building Information for 2639 South Budlong Avenue

Stories2Residences-Year Built1905Building Size-Lot Size0.19 AC / 8,102 SF

Property Information for 2639 South Budlong Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Plans
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $232,560
  • Net Operating Income: $184,909.00
  • Gross Income: $232,560
  • Cap Rate: 8.50%
  • Gross Rent Multiplier: $9.60
  • Total Annual Expense: 47651
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.186
  • Lot Size Square Feet: 8102
  • Lot Size Dimensions: 60x133
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Range/Oven, Recirculated Exhaust Fan, Refrigerator, Freezer, Garbage Disposal, Dryer, Dishwasher, Washer, Trash Compactor, Other
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 9
  • Unit Baths: 5
  • Unit Furnished: Yes
  • Unit Rent: $12,150.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $12,150.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: Yes
  • Unit Rent: $6,730.00
  • Unit Actual Rent: $6,730.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $407,080.00
  • Assessed Improvement Percent: 36.38
  • Assessed Land Value: $711,940.00
  • Assessed Land Percent: 63.62
  • Assessed Total Value: $1,119,020.00

Property History for 2639 South Budlong Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2639 South Budlong Avenue

Taxable ValueLand$711,940Additions$407,080Total$1,119,020
Tax Record2023$14,339 ($1,195 / month)
Home Facts
Beds10Total Finished SqFt4,400 SqFtAbove Grade Finished SqFt4,400 SqFtStories2Lot Size8,133 SqFtStyleSingle Family ResidenceYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN5054-016-014

Schools near 2639 South Budlong Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Vermont Avenue Elementary School
Public - K to 5
Foshay Learning Center
Public - K to 12
West Adams Preparatory High School
Public - 9 to 12
Stem Preparatory Academy
Charter - K to 5
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

West Adams Preparatory High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Mid-City

Neighborhoods

Cities

ZIPs

More information about 2639 South Budlong Avenue, Los Angeles, CA 90007

2639 South Budlong Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on September 23, 2024 by KW Advisors, it's currently listed at $2,175,000. It has been on the market for a total of 72 days and was last sold on September 5, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, Foshay Learning Center and West Adams Preparatory High School. 2639 South Budlong Avenue is a 14-bed, 9-bath, 4,400 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.