2639 S Budlong Ave Los Angeles, CA 90007

$830,000 Sold Price as of 09/04/2018

5 Beds
1 Baths
2,988 Sq.Ft.

Off Market

$830,000 Sold Price as of 09/04/2018 Refinance Your Mortgage

Map preview of 2639 S Budlong Ave, Los Angeles, CA 90007

Property Overview: 2639 S Budlong Ave Los Angeles, CA has 5 bedrooms, 1 bathrooms, 2,988 living square feet and 8,132 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2639 S Budlong Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $63,700. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2639 S Budlong Ave

Last sold for $830,000 on September 5th, 2018

April, 2023
Apr 7, 2023

Date

Canceled

CRMLS: 22220757

$2,274,000

Price
Nov 27, 2022

Date

Active

CRMLS: 22220757

$2,349,000

Price
Listing provided courtesy of CRMLS

Excellent cash-flowing Student Housing investment grossing $180,078 in rent annually. Actual current Cap Rate at a stunning 6.89%. The property is in a prime location for USC student housing located in the USC DPS Safety Patrol zone and walking distance to Ralph's and USC. Both units are under a Master Lease to a USC student management company until August 2024, with no vacancies. The rear ADU was constructed in 2020. All utilities are covered by tenants. Both units total approximately 4187 square feet of rentable space with an additional 550 square feet of loft space. Front unit has solar panels that are paid in full. The properties sit on a huge 8099 sq ft lot that is rare to find in the 90007 zip code and has LARD1.5 zoning (potentially build 5 units by right) and HPOZ. Buyer to verify all information with city. Property is fully occupied by students - do not disturb tenants. Disturbing tenants will disqualify buyer. Investment property is to be sold As-Is, cash offers preferred.

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September, 2021
Sep 27, 2021

Date

Price Change

CRMLS: 21769724

$2,495,000

Price
Aug 11, 2021

Date

Active

CRMLS: 21769724

$2,498,888

Price
Listing provided courtesy of CRMLS

Excellent cash-flowing Student Housing investment grossing $173,220 in rent annually. Cap rate at a stunning 6.7%. The property is in a prime location for USC student housing located in the USC DPS Safety Patrol zone and walking distance to Ralph's and USC. The front SFR is fully leased to USC students until August 2023 with annual rent increase of 3% in August 2022. The rear ADU was constructed in 2020 and is fully rented to USC students with parental guarantor. All utilities are covered by tenants in both properties and are separately metered. Both units total approximately 4187 square feet of rentable space with an additional 550 square feet of attic loft space that could potentially be converted to a junior ADU by a savvy developer. Front unit has solar panels that are paid in full. Front unit pictures taken in 2019 at the start of the master lease. The properties sit on a huge 8099 sq ft lot that is rare to find in the 90007 zip code and has LARD1.5 zoning and is HPOZ. Buyer to verify all information. Property is fully occupied by students - do not disturb tenants. Disturbing tenants will disqualify buyer. Investment property to be sold As-Is.

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September, 2018
Sep 5, 2018

Date

Sold

CRMLS: RS18160426

$830,000

Price
Jul 16, 2018

Date

Pending

CRMLS: RS18160426

$750,000

Price
Jul 4, 2018

Date

Active

CRMLS: RS18160426

$750,000

Price
Listing provided courtesy of CRMLS
September, 2018
Sep 4, 2018

Date

Sold (Public Records)

Public Records

$830,000

Price
September, 1997
Sep 9, 1997

Date

Sold (Public Records)

Public Records

$166,000

Price

Tax History for 2639 S Budlong Ave

Assessed Value (2020): $846,600

Year	Land Value	Improved Value	Assessed Value
2020	$677,280	$169,320	$846,600

About 2639 S Budlong Ave

Detailed summary of property

2639 S Budlong Ave is a single family home in Los Angeles, CA 90007 and last sold on September 4, 2018 for $830,000. This house has 5 bedrooms, 1 bathrooms, roughly 2,988 living square feet, and sits on an approximately 8,132 square foot lot. Homes in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.85% lower than the current median priced home. 2639 S Budlong Ave was last sold on September 4, 2018 for $830,000. Local nearby listings include 3670 S Western Ave, 1787 W 35th St and 2134 W 29th St. The average home in Los Angeles, CA is selling in 100 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. If you are the homeowner and looking to sell the home at 2639 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 2639 S Budlong Ave

Public county record property details

Beds: 5
Baths: 1
Year built: 1905
Sq. Ft.: 2,988
Lot Size: 8,132
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 34,36
APN: 5054-016-014

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

$1,380,000

Median List Price/Sq.Ft.

$501

Median Sold Price

$525,000

Median Sold Price/Sq.Ft.

$589

Total Inventory

Median Sale to List Price %

102.94%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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