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2922 S Budlong Ave, Los Angeles, CA 90007
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2922 S Budlong Ave Los Angeles, CA 90007

$3,500
  • 3 Beds
  • 2 Baths
  • 923 Sq.Ft.
For Lease
$3,500 Get Pre-Qualified
Map preview of 2922 S Budlong Ave, Los Angeles, CA 90007

Property Overview: 2922 S Budlong Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 923 living square feet and 8,752 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: Two units available in this incredible 10 Unit Building at 2922 S Budlong. Located within walking distance from USC Campus and University Village. One unit features 2 bed 2 bath and the other one is a spacious 3 bed 3 bath. They have been extensively remodeled with new kitchens, new appliances, new bathrooms, new flooring and new lighting. Rent it today!

Listed by Bella Hart | BRE #02153362 | Bella Realty Group-Los Angeles
Last checked: 13 minutes ago | Last updated: February 22nd, 2024 | Source CRMLS | DOM: 123

Home details

Lot Sq. Ft
8,752
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
23342343
City
Los Angeles
County
Los Angeles
Time on Site
138 days

Open Houses for 2922 S Budlong Ave

No upcoming open houses

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Property Details for 2922 S Budlong Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Heat Pump
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Parcel Number: 5054035009
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Normandie Ave to left on W 29th st to right on S Budlong Ave
View more facts & features

Local Los Angeles Agent

Sale History for 2922 S Budlong Ave

Last sold for $2,700,000 on January 11th, 2022

  • January, 2024

  • Jan 1, 2024

    Date

    Canceled

    CRMLS: 23332155

    $3,800

    Price

  • Nov 18, 2023

    Date

    Active

    CRMLS: 23332155

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    Fantastic 3 bedroom/ 3 bathroom apartment! The unit which has recently been updated features hardwood floors, an updated kitchen, new appliances and designer finished bathrooms. Close to everything!

  • December, 2023

  • Dec 29, 2023

    Date

    Active

    CRMLS: 23342343

    $2,800

    Price

  • January, 2022

  • Jan 11, 2022

    Date

    Sold

    CRMLS: SR21230367

    $2,700,000

    Price

  • Dec 29, 2021

    Date

    Pending

    CRMLS: SR21230367

    $2,850,000

    Price

  • Nov 5, 2021

    Date

    Price Change

    CRMLS: SR21230367

    $2,850,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.

  • October, 2021

  • Oct 19, 2021

    Date

    Canceled

    CRMLS: SR21211725

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the 10 units at 2922 S Budlong, Four Units will be delivered vacant (see Rent Roll) Gross income of $217,140, current Cap rate of 4.8%, current GRM 13.79. 100% paying tenants. Located within walking distance from USC Campus and & University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 36.5% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric. 10 parking on site spaces.

  • October, 2019

  • Oct 22, 2019

    Date

    Expired

    CRMLS: 19468978

    $2,695,000

    Price

  • Oct 2, 2019

    Date

    Withdrawn

    CRMLS: 19468978

    $2,695,000

    Price

  • May 21, 2019

    Date

    Active

    CRMLS: 19468978

    $2,695,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer for sale this ten (10) unit, Student Housing investment opportunity located at 2922 S. Budlong Avenue, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, was constructed of wood frame and stucco on a raised foundation built in 1964 with a square footage of 7,923 on a 8,749-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of five (5) 1+1 units, and five (5) 2+1 units. The owner has approved plans & permits to convert the property into 26-bedrooms + 23-bathrooms. The subject property is 80% occupied, and is subject to the City of Los Angeles rent control regulation.The current income for the property is about $11,000/ month, and the proforma gross income is about $31,200/month ($1,200/bedroom).

  • April, 2019

  • Apr 25, 2019

    Date

    Sold

    CRMLS: 18376014

    $1,955,000

    Price

  • Dec 20, 2018

    Date

    Pending

    CRMLS: 18376014

    $2,150,000

    Price

  • Oct 1, 2018

    Date

    Price Change

    CRMLS: 18376014

    $2,150,000

    Price

  • Aug 15, 2018

    Date

    Active

    CRMLS: 18376014

    $2,450,000

    Price

  • Listing provided courtesy of CRMLS

    300K PRICE REDUCTION !!! OWNER SAYS SELL !!! BRING OFFERS !!!! CLEAN USC ADJACENT BLDG WITH 70% UPSIDE !!!! ALL TENANTS ARE MONTH TO MONTH. COURTYARD BLDG WITH GREAT UNIT MIX AND LARGE APARTMENTS. BLDG HAS INDIVIDUAL GAS & ELECTRIC METERS AND 10 PARKING SPACES.

  • January, 2019

  • Jan 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,955,000

    Price

  • June, 2009

  • Jun 24, 2009

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

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Tax History for 2922 S Budlong Ave

Assessed Value (2020): $1,994,400
Year Land Value Improved Value Assessed Value
2020 $1,530,000 $464,400 $1,994,400

Home Value Compared to the Market

This property vs the competition

2922 S Budlong Ave is currently listed for lease 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 $1,250,000. The median price per/sqft for Los Angeles is $777. 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 $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment.

About 2922 S Budlong Ave

Detailed summary of property

2922 S Budlong Ave is a single family home for lease located in Los Angeles, CA 90007. This house offers 3 bedrooms, 2 bathrooms, roughly 923 living square feet, and sits on an approximately 8,752 square foot lot. 2922 S Budlong Ave was first listed on ArdentRealEstateGroup.com on January 2, 2024. The homeowner is currently asking $3,500. Local homes that are currently for sale include 2906 S Hobart Blvd, 1817 S Catalina St and 1959 S La Salle Ave. While the average home in Los Angeles, CA is selling in 92 days, 2922 S Budlong Ave has a days on market of 123 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for lease at 2922 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 2922 S Budlong Ave

Public county record property details
Beds
14
Baths
10
Year built
1964
Sq. Ft.
7,923
Lot Size
8,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
50,51
APN
5054-035-009

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
$1,198,999
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%)

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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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