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4215 S Budlong Ave, Los Angeles, CA 90037
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4215 S Budlong Ave Los Angeles, CA 90037

$480,000 Sold Price as of 01/26/2021
  • 3 Beds
  • 2 Baths
  • 494 Sq.Ft.
Sold
$480,000 Sold Price as of 01/26/2021 Refinance Your Mortgage
Map preview of 4215 S Budlong Ave, Los Angeles, CA 90037

Property Overview: 4215 S Budlong Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 494 living square feet and 6,033 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PROBATE Sale, subject to Court Confirmation, and overbidding in Court. Sale was confirmed in Court on Oct. 22nd, 2020. Income property with good cash flow and low expenses! For sale after 55 years! Both units have separate gas, electric and water meters. 4217 S Budlong Ave has 2 bedrooms and 1 full bathroom, and the current rent is $1,875.67 per month. 4215 S Budlong Ave is a 1-bedroom, 1-bathroom unit, and the current rent is $1,285.44 per month. Both units on month-to-month tenancy.Property is sold "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 160

Home details

Lot Sq. Ft
6,033
HOA Dues
$0/mo
Year built
1937
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20562732
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,060
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.32
  • Gross Scheduled Income: --
  • Net Operating Income: $27,108
  • Gross Operating Income: $37,933
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $7,993
  • Insurance: $800
  • Maintenance: $1,897

Property Details for 4215 S Budlong Ave

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Off Site
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5020011017
Location / Neighborhood
Location Information
  • Directions: Located North of Vernon Ave, East of Normandie Ave, South of Martin Luther King Jr. Blvd, and West of Vermont Ave
View more facts & features

Local Los Angeles Agent

Sale History for 4215 S Budlong Ave

Last sold for $480,000 on January 26th, 2021

  • January, 2021

  • Jan 26, 2021

    Date

    Sold

    CRMLS: 20562732

    $480,000

    Price

  • Oct 23, 2020

    Date

    Price Change

    CRMLS: 20562732

    $550,000

    Price

  • Sep 11, 2020

    Date

    Price Change

    CRMLS: 20562732

    $504,500

    Price

  • Jun 30, 2020

    Date

    Active Under Contract

    CRMLS: 20562732

    $550,000

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: 20562732

    $550,000

    Price

  • January, 2021

  • Jan 26, 2021

    Date

    Sold (Public Records)

    Public Records

    $480,000

    Price

  • March, 2020

  • Mar 6, 2020

    Date

    Expired

    CRMLS: 19533206

    $695,000

    Price

  • Feb 27, 2020

    Date

    Withdrawn

    CRMLS: 19533206

    $695,000

    Price

  • Dec 6, 2019

    Date

    Active

    CRMLS: 19533206

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    PROBATE SALE, Subject to Court Confirmation and Overbidding. Income property with good cash flow and low expenses! For sale after 55 years! Both units have separate gas, electric and water meters. 4217 S Budlong Ave has 2 bedrooms and 1 full bathroom, and the current rent is $1,875.67 per month. 4215 S Budlong Ave is a 1-bedroom, 1-bathroom unit, and the current rent is $1,285.44 per month. Both units on month-to-month tenancy. Property is sold "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.

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Tax History for 4215 S Budlong Ave

Assessed Value (2020): $35,585
Year Land Value Improved Value Assessed Value
2020 $23,284 $12,301 $35,585

Home Value Compared to the Market

This property vs the competition

4215 S Budlong Ave sold on January 26, 2021 for 50.89% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $1113.36 per/sqft which puts the price per square foot 53.78% higher than the current median sale per square foot for the city of Los Angeles.

About 4215 S Budlong Ave

Detailed summary of property

4215 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 494 living square feet, and sits on an approximately 6,033 square foot lot. 4215 S Budlong Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $480,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.89% lower than the current median priced home. Local homes that are currently for sale include 2061 Mallory St, 982 W 6th St and 4158 N E St. While the average home in Los Angeles, CA is selling in 106 days, 4215 S Budlong Ave has a days on market of 160 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 4215 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 4215 S Budlong Ave

Public county record property details
Beds
3
Baths
2
Year built
1937
Sq. Ft.
1,602
Lot Size
6,033
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5020-011-017

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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