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3944 S Budlong Ave, Los Angeles, CA 90037
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3944 S Budlong Ave Los Angeles, CA 90037

$2,200,000 Sold Price as of 08/06/2019
  • 30 Beds
  • 30 Baths
  • 5,487 Sq.Ft.
Sold
$2,200,000 Sold Price as of 08/06/2019 Refinance Your Mortgage
Map preview of 3944 S Budlong Ave, Los Angeles, CA 90037

Property Overview: 3944 S Budlong Ave Los Angeles, CA has 30 bedrooms, 30 bathrooms, 5,487 living square feet and 6,913 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOCATED IN OPPORTUNITY ZONE!!! Excellent 2019 New Construction Building to add to your investment portfolio. Fourplex located in the heart of Los Angeles. 15 minute walk from University of Southern California (USC) with 44,000 students. Secure Gated Private Parking Spaces: Each unit comes with 2 tucked spots with plenty of guest parking in the rear - 8 spots total. Large Open Floorplan, 10' High Ceilings, Stainless Steel Appliances, Premium Laminate Floors, Custom Cabinetry with Ample Storage, Walk-In Closets Each duplex offers 3-bed, 3 bath (est.) 1,342 SF Spacious Units in a Premium Living Complex. Separate meters for Gas and Electric. Can be sold with adjacent fourplex at 1135 W Leighton Ave Two Separate APN's.

Listed by Serena Shlomof | BRE #01986310 | Onward Capital, Inc.
Co-listed by Michael Shlomof | BRE #01961809 | Onward Capital, Inc.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
6,913
HOA Dues
$0/mo
Year built
2019
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19467640
City
Los Angeles
County
Los Angeles
Time on Site
1263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,621
  • Total Rent: $0
  • Pro Forma/Market Rent: $43,452
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,621
  • Total Rent: $0
  • Pro Forma/Market Rent: $43,452
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,621
  • Total Rent: $0
  • Pro Forma/Market Rent: $43,452
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,621
  • Total Rent: $0
  • Pro Forma/Market Rent: $43,452
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.19%
  • Gross Rent Multiplier: 13.42
  • Gross Scheduled Income: --
  • Net Operating Income: $115,387
  • Gross Operating Income: $174,618
  • Improvements Total: $111,218
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 3944 S Budlong Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup
Room Information
  • Flooring: Wood, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Disposal, Counter Top, Refrigerator, Ice Maker, Dishwasher
Interior Features
  • Balcony
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Controlled Entrance
Property Information
  • Has View
  • View: Peek-A-Boo
  • Total # of Units: 4
  • Parcel Number: 5037021026
Location / Neighborhood
Location Information
  • Directions: West of Vermont, South of Exposition
View more facts & features

Local Los Angeles Agent

Sale History for 3944 S Budlong Ave

Last sold for $4,375,000 on August 6th, 2019

  • August, 2019

  • Aug 8, 2019

    Date

    Sold

    CRMLS: 19467640

    $2,200,000

    Price

  • Jul 1, 2019

    Date

    Pending

    CRMLS: 19467640

    $2,225,000

    Price

  • May 17, 2019

    Date

    Active

    CRMLS: 19467640

    $2,225,000

    Price

  • August, 2019

  • Aug 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,375,000

    Price

  • September, 2017

  • Sep 29, 2017

    Date

    Sold

    CRMLS: 17217312

    $1,150,000

    Price

  • Jun 2, 2017

    Date

    Pending

    CRMLS: 17217312

    $1,400,000

    Price

  • Apr 7, 2017

    Date

    Active

    CRMLS: 17217312

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Sale price includes adjacent 3,000 SF single family residence at 1135 Leighton Ave with actual income of $3,000/mo. ($3,500/mo. projected income). Property must be sold together (quadruplex plus SFR). Total building SF = 5,300 on 13,760 SF of land. Pro forma $71,240 annual net income; 5.1% pro forma cap rate. Zoned LA RD1.5. APN 5037-021-026,027. No rent stabilization per Zimas (buyer to verify). Just 1/2 mile west of Los Angeles Coliseum, Exposition Park and USC campus. Upside potential! Total asking price = $1,400,000. Contact broker for more information.

  • July, 2017

  • Jul 24, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 3944 S Budlong Ave

Assessed Value (2020): $2,200,000
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $1,000,000 $2,200,000

Home Value Compared to the Market

This property vs the competition

3944 S Budlong Ave sold on August 6, 2019 for 96.9% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $405.5 per/sqft which puts the price per square foot 46.22% lower than the current median sale per square foot for the city of Los Angeles.

About 3944 S Budlong Ave

Detailed summary of property

3944 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 30 bedrooms, 30 bathrooms, roughly 5,487 living square feet, and sits on an approximately 6,913 square foot lot. 3944 S Budlong Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,200,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 96.9% higher than the current median priced home. Local homes that are currently for sale include 324 W 51st St, 2143 Portland St and 2005 Magnolia Ave. While the average home in Los Angeles, CA is selling in 98 days, 3944 S Budlong Ave has a days on market of 36 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 3944 S Budlong Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3944 S Budlong Ave

Public county record property details
Beds
12
Baths
12
Year built
--
Sq. Ft.
5,445
Lot Size
6,912
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5037-021-026

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$744,990
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

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Recently Sold Homes Near 3944 S Budlong Ave

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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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