Search
2327 S Budlong Ave, Los Angeles, CA 90007
Image 2 for 2327 S Budlong Ave, Los Angeles, CA 90007
Image 3 for 2327 S Budlong Ave, Los Angeles, CA 90007
View Photos

2327 S Budlong Ave Los Angeles, CA 90007

$2,350,000
  • 0 Beds
  • 256 Baths
  • 8,062 Sq.Ft.
For Sale
$2,350,000 Get Pre-Qualified
Map preview of 2327 S Budlong Ave, Los Angeles, CA 90007

Property Overview: 2327 S Budlong Ave Los Angeles, CA has -- bedrooms, 256 bathrooms, 8,062 living square feet and 6,801 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent opportunity to acquire a 16 unit apartment building in the West Adams district of Los Angeles by USC at a $147,000 cost per unit and $291.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.05% / CURRENT GRM 14.8 - PRO FORMA CAP RATE 8.73% / PRO FORMA GRM 8.7

Listed by Billy Rojas | BRE #01395544 | Ashby & Graff
Last checked: 12 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 44
Get a $7,050 Cash Reward New

Buy this home with Ardent Real Estate Group and get $7,050 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,801
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24369091
City
Los Angeles
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 0
  • # of Baths: 16
  • Furnishing: Unfurnished
  • Actual Rent: $826
  • Total Rent: $13,211
  • Pro Forma/Market Rent: $22,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: --
  • Net Operating Income: $95,222
  • Gross Operating Income: $163,632
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2327 S Budlong Ave

No upcoming open houses

Schedule Tour

Property Details for 2327 S Budlong Ave

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 16
  • Parcel Number: 5054018012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of the 10 Freeway, East of Normandie Ave., North of West Adams Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2327 S Budlong Ave

Last sold on January 7th, 2014

  • March, 2024

  • Mar 16, 2024

    Date

    Active

    CRMLS: 24369091

    $2,350,000

    Price

  • September, 2021

  • Sep 20, 2021

    Date

    Active

    CRMLS: 21780990

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. 65% upside in rents and 100% collection rate. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $156,250.00 cost per unit and an excellent opportunity for a 1031 exchange buyer.

  • October, 2019

  • Oct 17, 2019

    Date

    Expired

    CRMLS: 18397000

    $2,600,000

    Price

  • Feb 6, 2019

    Date

    Withdrawn

    CRMLS: 18397000

    $2,600,000

    Price

  • Oct 16, 2018

    Date

    Active

    CRMLS: 18397000

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to acquire a 16 unit apartment building in the Los Angeles area just east of West Adams by USC. This 8,062 sq. ft. building resides on a 6,799 sq. ft. corner lot which consists of 16 very large singles each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24TH St. and surrounded by single family homes. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $162,500.00 cost per door and an excellent opportunity for a 1031 exchange buyer.

  • January, 2014

  • Jan 7, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2012

  • Feb 29, 2012

    Date

    Sold (Public Records)

    Public Records

    $226,002

    Price

Show More

Tax History for 2327 S Budlong Ave

Assessed Value (2020): $1,420,770
Year Land Value Improved Value Assessed Value
2020 $859,724 $561,046 $1,420,770

Home Value Compared to the Market

This property vs the competition

2327 S Budlong Ave is listed 88.15% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $291.49 per/sqft which puts the price per square foot 62.34% lower than the median price per square foot for the city of Los Angeles.

About 2327 S Budlong Ave

Detailed summary of property

2327 S Budlong Ave is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers -- bedrooms, 256 bathrooms, roughly 8,062 living square feet, and sits on an approximately 6,801 square foot lot. 2327 S Budlong Ave was first listed on ArdentRealEstateGroup.com on March 17, 2024. The homeowner is currently asking $2,350,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 88.15% higher than the median priced home. Local competing homes currently for sale include 1215 Elden Ave, 1145 S Kingsley Dr and 1139 S Kingsley Dr. While the average home in Los Angeles, CA is selling in 93 days, 2327 S Budlong Ave has a days on market of 44 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2327 S Budlong Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2327 S Budlong Ave

Public county record property details
Beds
--
Baths
18
Year built
1911
Sq. Ft.
8,062
Lot Size
6,798
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5054-018-012

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $7,050.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $7,050 Cash Reward New

Buy this home with Ardent Real Estate Group and get $7,050 back.

Call/Text (714) 706-1823

Homes for Sale Near 2327 S Budlong Ave

Nearby Homes for Sale

2723 S Budlong Ave, Los Angeles, CA 90007
$1,999,999
14 Beds
8 Baths
7294 Sq.Ft.
2723 S Budlong Ave
Los Angeles, CA 90007
2720 Brighton Ave, Los Angeles, CA 90018
$2,500,000
12 Beds
8 Baths
5288 Sq.Ft.
2720 Brighton Ave
Los Angeles, CA 90018
2634 Dalton Ave, Los Angeles, CA 90018
$2,000,000
10 Beds
7 Baths
5621 Sq.Ft.
2634 Dalton Ave
Los Angeles, CA 90018
2927 S Catalina St, Los Angeles, CA 90007
$2,500,000
13 Beds
9 Baths
3407 Sq.Ft.
2927 S Catalina St
Los Angeles, CA 90007
3023 S Budlong Ave, Los Angeles, CA 90007
$2,425,000
16 Beds
11 Baths
4680 Sq.Ft.
3023 S Budlong Ave
Los Angeles, CA 90007
3105 S Walton Ave, Los Angeles, CA 90007
$2,300,000
11 Beds
8 Baths
5264 Sq.Ft.
3105 S Walton Ave
Los Angeles, CA 90007
1147 Fedora St, Los Angeles, CA 90006
$1,890,000
8 Beds
6 Baths
2864 Sq.Ft.
1147 Fedora St
Los Angeles, CA 90006
1142 S Mariposa Ave, Los Angeles, CA 90006
$2,600,000
10 Beds
9 Baths
4168 Sq.Ft.
1142 S Mariposa Ave
Los Angeles, CA 90006

Recently Sold Homes Near 2327 S Budlong Ave

2212 S Budlong Ave, Los Angeles, CA 90007
$575,000 Last Sold Price
2 Beds
2 Baths
980 Sq.Ft.
2212 S Budlong Ave
Los Angeles, CA 90007
2221 S Budlong Ave, Los Angeles, CA 90007
$1,040,000 Last Sold Price
8 Beds
4 Baths
4032 Sq.Ft.
2221 S Budlong Ave
Los Angeles, CA 90007
2315 Raymond Ave, Los Angeles, CA 90007
$1,060,000 Last Sold Price
8 Beds
6 Baths
3745 Sq.Ft.
2315 Raymond Ave
Los Angeles, CA 90007
2319-2321 Raymond Ave, Los Angeles, CA 90007
$1,190,000 Last Sold Price
5 Beds
4 Baths
2860 Sq.Ft.
2319-2321 Raymond Ave
Los Angeles, CA 90007

Related Resources to 2327 S Budlong Ave

New Listings in 90007
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call