For Sale
$2,050,000
2327 Budlong Ave Los Angeles, CA 90007
16-unit building, high upside potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $2,050,000 asking price for a 16-unit apartment building.
- 100% occupancy with a current NOI of $95,972 and a pro-forma NOI of $205,145.
- Located in Los Angeles, CA, at 2327 S Budlong Ave, in the West Adams district, near USC.
- 8,062 square feet on a 6,801 square foot lot, with a price per square foot of $254 and a price per unit of $128,125.
- Built in 1911, this two-story building features 16 large studios, each with a separate kitchen, and on-site laundry.
- Current cap rate of 4.68%, pro-forma cap rate of 10.01%.
Property Details for 2327 Budlong Ave
- Property type
- Apartment buildings
- Square Feet
- 8,062 SF
- Year Built
- 1911
- Buildings
- 1
- Stories
- 2
- Units
- 16
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0346962
- Longitude
- -118.2969306
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 16-unit building, high upside potential
- Where is the apartment building located?
- The property is located at 2327 Budlong Ave Los Angeles, CA.
- What is the asking price?
- The asking price for this property is $2,050,000.
- What are key features of this property?
- This property features: $2,050,000 asking price for a 16-unit apartment building.; 100% occupancy with a current NOI of $95,972 and a pro-forma NOI of $205,145.; Located in Los Angeles, CA, at 2327 S Budlong Ave, in the West Adams district, near USC.
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