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11507 S Budlong Ave, Los Angeles, CA 90044
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11507 S Budlong Ave Los Angeles, CA 90044

$2,795,000 Sold Price as of 10/25/2019
  • 0 Beds
  • 784 Baths
  • 7,320 Sq.Ft.
Sold
$2,795,000 Sold Price as of 10/25/2019 Refinance Your Mortgage
Map preview of 11507 S Budlong Ave, Los Angeles, CA 90044

Property Overview: 11507 S Budlong Ave Los Angeles, CA has -- bedrooms, 784 bathrooms, 7,320 living square feet and 33,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *Unique Property: 28 Bachelor Cottages with full kitchen and bathroom *Unincorporated Los Angeles County Strip *History of long-term tenancy with excellent rent collection record *Turn Key operation *Individually metered for utilities *Strong rental community, rare vacancy *Open parking; one for each unit in addition to a carport along side of each unit which is now used as storage area *Roof is composition shingles *Plumbing is copper and sewer lines replaced with new PVC pipes throughout the building during 2010-2012 *All electrical panels up to the Code and grounded

Listed by Abu Majumder | BRE #01275191 | Abu Majumder, Broker
Last checked: 2 minutes ago | Last updated: March 31st, 2022 | Source CRMLS | DOM: 128

Home details

Lot Sq. Ft
33,018
HOA Dues
$0/mo
Year built
1948
Garage
28 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB19049341
City
Los Angeles
County
Los Angeles
Time on Site
1235 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 4
  • # of Electric Meters: 28
  • # of Gas Meters: 28
  • # of Water Meters: 28
Unit Breakdown 1
  • # of Units: 28
  • # of Beds: 0
  • # of Baths: 28
  • Garage Spaces: 28
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $230,760
  • Total Rent: $230,760
  • Pro Forma/Market Rent: $373,560
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $263,520
  • Net Operating Income: $166,142
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $89,616
  • Electric: $952
  • Gas/Fuel: $685
  • Licenses: $700
  • New Taxes: $43,496
  • Trash: $400
  • Gardener: $1,560
  • Insurance: $4,027
  • Maintenance: $8,400
  • Professional Management: $15,523
  • Water/Sewer: $10,674

Property Details for 11507 S Budlong Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 28
  • # of Parking Spaces: 28
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 28
  • Parcel Number: 6079005020
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W Vermont Ave S Imperial Hwy
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 11507 S Budlong Ave

Last sold for $2,700,000 on October 25th, 2019

  • March, 2022

  • Mar 31, 2022

    Date

    Canceled

    CRMLS: 21109623

    $4,600,000

    Price

  • Dec 9, 2021

    Date

    Active

    CRMLS: 21109623

    $5,500,000

    Price

  • Listing provided courtesy of CRMLS

    11507 S Budlong Avenue is a 28-unit property located in the up-and-coming neighborhood of South Los Angeles. The property consists of twenty-seven studio units and one 1 bed/1 bath unit. All apartments are detached bungalow style buildings, providing great privacy for tenants. 26 of the 28 units have been tastefully renovated, including new appliances and reimagined kitchens and bathrooms. The property is landscaped with drought tolerant plants, and there is ample outdoor space for parking, storage, and tenant enjoyment. There is also on-site laundry room for added income. The property is located in the County Strip, meaning it's subject to LA County rent control. Superbly located near multiple transportation corridors, 11507 S Budlong Avenue provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. The property is 0.5 miles away from a Metro Station, a 10-minute drive from popular Inglewood, and a 15-minute drive to the University of Southern California and Downtown LA. Tenants with young children will enjoy the nearby proximity to a variety of different schools and the 7-minute drive to Jesse Owens Park. This is an excellent opportunity to acquire an investment property with great cash flow with additional future upside.

  • July, 2020

  • Jul 9, 2020

    Date

    Expired

    CRMLS: 20548224

    $3,700,000

    Price

  • Jul 8, 2020

    Date

    Withdrawn

    CRMLS: 20548224

    $3,700,000

    Price

  • Feb 12, 2020

    Date

    Pending

    CRMLS: 20548224

    $3,700,000

    Price

  • Jan 28, 2020

    Date

    Active

    CRMLS: 20548224

    $3,700,000

    Price

  • Listing provided courtesy of CRMLS

    25 of the 28 units will be delivered vacant! Individual cottages on 33,000 SQFT lot. Individually metered with upgraded electric and plumbing. Units have full kitchen and bathrooms, and the property has gates access. Parking for each unit and on-site common area laundry. Close proximity to the Metro rail, freeway access, and major employment centers.

  • October, 2019

  • Oct 28, 2019

    Date

    Sold

    CRMLS: SB19049341

    $2,795,000

    Price

  • Aug 28, 2019

    Date

    Pending

    CRMLS: SB19049341

    $2,795,000

    Price

  • Aug 20, 2019

    Date

    Price Change

    CRMLS: SB19049341

    $2,795,000

    Price

  • Jun 26, 2019

    Date

    Active

    CRMLS: SB19049341

    $2,850,000

    Price

  • Jun 26, 2019

    Date

    Pending

    CRMLS: SB19049341

    $2,850,000

    Price

  • May 6, 2019

    Date

    Price Change

    CRMLS: SB19049341

    $2,850,000

    Price

  • Apr 10, 2019

    Date

    Price Change

    CRMLS: SB19049341

    $2,950,000

    Price

  • Mar 5, 2019

    Date

    Active

    CRMLS: SB19049341

    $3,360,000

    Price

  • October, 2019

  • Oct 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

  • May, 2014

  • May 21, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11507 S Budlong Ave

Assessed Value (2020): $2,700,000
Year Land Value Improved Value Assessed Value
2020 $2,000,000 $700,000 $2,700,000

Home Value Compared to the Market

This property vs the competition

11507 S Budlong Ave sold on October 25, 2019 for 134.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $381.83 per/sqft which puts the price per square foot 49.43% lower than the current median sale per square foot for the city of Los Angeles.

About 11507 S Budlong Ave

Detailed summary of property

11507 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered -- bedrooms, 784 bathrooms, roughly 7,320 living square feet, and sits on an approximately 33,018 square foot lot. 11507 S Budlong Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,795,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 134.87% higher than the current median priced home. Local homes that are currently for sale include 4436 Lima St, 1258 W 37th Dr and 5600 W 78th St. While the average home in Los Angeles, CA is selling in 95 days, 11507 S Budlong Ave has a days on market of 128 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 11507 S Budlong Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11507 S Budlong Ave

Public county record property details
Beds
1
Baths
4
Year built
1948
Sq. Ft.
7,320
Lot Size
33,018
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
6079-005-020

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
81
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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