We are pleased to present a 5-unit (4 units + Single FamilyHome) property located in the heart of Jefferson Park, juststeps from the USC Patrol Zone. 2 Units will be deliveredTenant Ready by COE! These spacious units feature newflooring, high ceilings, and renovated kitchens. Boasting anexcellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-add investor with strong income.Priced at $252/Sq Ft, this property will come with twotenant ready units and an additional 77% in Rental Upside!With a new roof installed in 2024 and updated Gas andSewer lines, this asset comes with very minimalmaintenance requirements, as tenants are responsible forGas, Electricity and Trash. Once stabilized, 2506 Budlongwill operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!The subject property boasts a "Walk Score" of 88-Makingthis a very walkable neighborhood.The subject property is conveniently located in-betweenDowntown Culver City, Downtown Los Angeles and thecity's metro line. Renters will enjoy the proximity to the 10,405, and 110 Freeways, making commuting in Los Angelesa breeze. This is an excellent opportunity to acquire aninvestment property with strong day one income andimmense upside.
|
DAYS ON MARKET
|
125
|
LAST UPDATED
|
9/26/2024
|
|
YEAR BUILT
|
1921
|
COMMUNITY
|
Mid Los Angeles
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Aug 20, '24
|
$1,195,000
|
|
Aug 20, '24 - Sep 26, '24 |
$1,150,000
|
| Sep 26, '24 - Today |
$1,125,000 |
| AREA |
Mid Los Angeles |
| GARAGE |
Yes |
| LOT |
6752 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAR2 |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 3:21 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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