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4307 S Budlong Ave, Los Angeles, CA 90037
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4307 S Budlong Ave Los Angeles, CA 90037

$1,148,888 Sold Price as of 07/23/2021
  • 8 Beds
  • 5 Baths
  • 2,486 Sq.Ft.
Sold
$1,148,888 Sold Price as of 07/23/2021 Refinance Your Mortgage
Map preview of 4307 S Budlong Ave, Los Angeles, CA 90037

Property Overview: 4307 S Budlong Ave Los Angeles, CA has 8 bedrooms, 5 bathrooms, 2,486 living square feet and 6,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CASH COW PROPERTY!!!! $110,400 Gross Income. CAP Rate is 8.38!! This REMODELED property is located close to USC. Property contains 1,662 sq ft front house (4 beds + 3 baths) with a bonus den (not included in the square footage) & 824 sq ft back unit (3 beds + 2 baths). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: new plumbing and newer roof (GREAT BONES), new laminate flooring, recessed lighting and shutters. Also, remodeled kitchen with new cabinets, granite counters and stainless-steel appliances. BIG ROOMS and OPEN LAYOUT are ideal for USC STUDENT RENTALS. Includes large living and dining room with tons of natural light throughout. High end feel maximizes great room rental prices. Separate washroom, back patio and lots of parking make this an ideal USC student rental. Back house was built in 2019 and has a 10 year warranty. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Also near LA Live, and is the center of all happenings in LA, downtown, Hollywood, the beach/Venice, making it hot for young professionals who want to enjoy the city life and convenience while enjoying very friendly rent comparing to Hollywood or Venice or Downtown. Previously rented to students at $1,300 per Master Suite (3) $900 for sun room (1) and $1,100 for other rooms (4). Property will be delivered vacant.

Listed by Mark Velasco | BRE #01789768 | Sharpstone Realty, Inc.
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,601
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW21118263
City
Los Angeles
County
Los Angeles
Time on Site
1080 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.38%
  • Gross Rent Multiplier: 11.93
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $92,182
  • Gross Operating Income: $110,400
Annual Expense Breakdown
  • Total Operating Expense: $18,218
  • Electric: $0
  • Gas/Fuel: $626
  • New Taxes: $13,200
  • Trash: $0
  • Insurance: $926
  • Water/Sewer: $0
  • Other Expenses: $3,466
  • Other Expense Description: DWP All

Property Details for 4307 S Budlong Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room
Room Information
  • Kitchen, Laundry, Master Suite, Two Masters
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Back Yard, Lawn, Level, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5020010008
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From W Vernon Ave, North on Budlong
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4307 S Budlong Ave

Last sold for $1,148,888 on July 23rd, 2021

  • July, 2021

  • Jul 23, 2021

    Date

    Sold

    CRMLS: DW21118263

    $1,148,888

    Price

  • Jun 13, 2021

    Date

    Pending

    CRMLS: DW21118263

    $1,100,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: DW21118263

    $1,100,000

    Price

  • July, 2021

  • Jul 23, 2021

    Date

    Sold

    CRMLS: DW21121747

    $1,148,888

    Price

  • Jun 10, 2021

    Date

    Pending

    CRMLS: DW21121747

    $1,100,000

    Price

  • Jun 6, 2021

    Date

    Active

    CRMLS: DW21121747

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex!! Live in one and rent the other. Property contains 1,662 sq ft front house (4 beds + 3 baths) with a bonus den (not included in the square footage) & 824 sq ft back unit (3 beds + 2 baths). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: new plumbing and newer roof (GREAT BONES), new laminate flooring, recessed lighting and shutters. Also, remodeled kitchen with new cabinets, granite counters and stainless-steel appliances. BIG ROOMS and OPEN LAYOUT are ideal for USC STUDENT RENTALS OR Multiple families. Includes large living and dining room with tons of natural light throughout. High end feel maximizes great room rental prices. Separate washroom, back patio and lots of parking make this an ideal USC student rental. Back house was built in 2019 and has a 10 year warranty. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Also near LA Live, and is the center of all happenings in LA, downtown, Hollywood, the beach/Venice, making it hot for young professionals who want to enjoy the city life and convenience while enjoying very friendly rent comparing to Hollywood or Venice or Downtown. Previously rented to students at $1,300 per Master Suite (3) $900 for sun room (1) and $1,100 for other rooms (4). CASH COW PROPERTY!!!! $110,400 Gross Income. CAP Rate is 8.38. Property will be delivered vacant.

  • February, 2021

  • Feb 25, 2021

    Date

    Canceled

    CRMLS: DW21015050

    $1,050,000

    Price

  • Feb 15, 2021

    Date

    Price Change

    CRMLS: DW21015050

    $1,050,000

    Price

  • Jan 23, 2021

    Date

    Active

    CRMLS: DW21015050

    $1,100,000

    Price

  • Jan 23, 2021

    Date

    Coming Soon

    CRMLS: DW21015050

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE REDUCTION!!! CASH COW PROPERTY!!!! $110,400 Gross Income. CAP Rate is 9.18!! This REMODELED property is located close to USC. Property contains 1,662 sq ft front house (4 beds + 3 baths) & 824 sq ft back unit (3 beds + 2 baths). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: new plumbing and newer roof (GREAT BONES), new laminate flooring, recessed lighting and shutters. Also, remodeled kitchen with new cabinets, granite counters and stainless-steel appliances. BIG ROOMS and OPEN LAYOUT are ideal for USC STUDENT RENTALS. Includes large living and dining room with tons of natural light throughout. High end feel maximizes great room rental prices. Separate washroom, back patio and lots of parking make this an ideal USC student rental. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,300 per Master Suite (3) $900 for sun room (1) and $1,100 for other rooms (4). Property will be delivered vacant.

  • February, 2021

  • Feb 1, 2021

    Date

    Canceled

    CRMLS: 21682360

    $2,700

    Price

  • Jan 19, 2021

    Date

    Active

    CRMLS: 21682360

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    Location! Location, Location! This turn key lovely home is the back unit a 3 bedroom, with 2 full bath located in the heart of Los Angeles . Property features clean kitchen and clean counter tops , hardwood flooring throughout. Property is turn key and ready to move in. You will be centrally located to nearby fast food chains, USC University, and have close access to the 110 & 10 Freeways. Do not hesitate this opportunity will not last So Act Fast!!!! Call us today for your very own private or virtual tour!!!!!!!!

  • January, 2021

  • Jan 29, 2021

    Date

    Canceled

    CRMLS: 21681956

    $3,650

    Price

  • Jan 19, 2021

    Date

    Active

    CRMLS: 21681956

    $3,650

    Price

  • Listing provided courtesy of CRMLS

    Location! Location, Location! This turn key lovely home is a 4 bedroom, with 2 full bath located in the heart of Los Angeles . Property features clean kitchen and clean counter tops , hardwood flooring throughout , spacious cozy living room , and dinning area. This opportunity does include your very own laundry room located inside the dwelling . Property is turn key and ready to move in. You will be centrally located to nearby fast food chains, USC University, and have close access to the 110 & 10 Freeways. Do not hesitate this opportunity will not last So Act Fast!!!! Call us today for your very own private or virtual tour!!!!!!!!

  • January, 2021

  • Jan 17, 2021

    Date

    Canceled

    CRMLS: WS20260802

    $1,175,000

    Price

  • Jan 16, 2021

    Date

    Withdrawn

    CRMLS: WS20260802

    $1,175,000

    Price

  • Dec 21, 2020

    Date

    Active

    CRMLS: WS20260802

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    KW Executive is proud to present 4307 S Budlong Ave in Los Angeles, CA. 2-unit residential income property located walking distance to USC, LA Memorial Coliseum, and California Science Center. PRIME LOCATION with easy access to 10 FWY and 110 FWY. Occupy one of the units and rent out the other or use as investment property and rent out both units. Front unit (4B+3B) has been recently remodeled (approximately 1,662 SF) and back unit (3B+2B) was brand new build with permits in 2019 (approximately 824 SF). Both units can be delivered vacant at close of escrow.

  • January, 2021

  • Jan 10, 2021

    Date

    Expired

    CRMLS: 20667714

    $3,250

    Price

  • Dec 10, 2020

    Date

    Active

    CRMLS: 20667714

    $3,250

    Price

  • Dec 9, 2020

    Date

    Withdrawn

    CRMLS: 20667714

    $3,250

    Price

  • Dec 6, 2020

    Date

    Active

    CRMLS: 20667714

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Location! Location, Location! This turn key lovely home is a 4 bedroom, with 2 full bath located in the heart of Los Angeles . Property features clean kitchen and clean counter tops , hardwood flooring throughout , spacious cozy living room , and dinning area. This opportunity does include your very own laundry room located inside the dwelling . Property is turn key and ready to move in. You will be centrally located to nearby fast food chains, USC University, and have close access to the 110 & 10 Freeways. Do not hesitate this opportunity will not last So Act Fast!!!! Call us today for your very own private or virtual tour!!!!!!!!

  • September, 2020

  • Sep 15, 2020

    Date

    Canceled

    CRMLS: 20630772

    $1,225,000

    Price

  • Sep 11, 2020

    Date

    Active

    CRMLS: 20630772

    $1,225,000

    Price

  • Listing provided courtesy of CRMLS

    Located in an Opportunity Zone, this Great Investment property is just 5 minutes away from USC, the Coliseum, the LAFC stadium and less than 10 minutes from Downtown L.A.! This recently remodeled 2 unit property features a total of 7 bedrooms, 4 bathrooms, plenty of space for parking and is located in a great rental market because of USC. The front house was recently remodeled in 2019 and the back house was built and finished with permits in 2019. Electrical panels and plumbing have all been upgraded over the last few years as well.

  • March, 2020

  • Mar 25, 2020

    Date

    Canceled

    CRMLS: 20563058

    $3,500

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: 20563058

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Located just a few minutes from USC, the L.A. Coliseum, Downtown Los Angeles and LAFC Stadium, this newly constructed home features 3 bedrooms, 2 baths, driveway parking and plenty of street parking.

  • May, 2017

  • May 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $520,000

    Price

  • July, 2014

  • Jul 31, 2014

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

Show More

Tax History for 4307 S Budlong Ave

Assessed Value (2020): $722,146
Year Land Value Improved Value Assessed Value
2020 $441,462 $280,684 $722,146

Home Value Compared to the Market

This property vs the competition

4307 S Budlong Ave sold on July 23, 2021 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $442.48 per/sqft which puts the price per square foot 41.39% lower than the current median sale per square foot for the city of Los Angeles.

About 4307 S Budlong Ave

Detailed summary of property

4307 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 2,486 living square feet, and sits on an approximately 6,601 square foot lot. 4307 S Budlong Ave was first listed on ArdentRealEstateGroup.com on June 2, 2021. The homeowner sold the property for $1,148,888. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 1557 W 52nd St, 3877 Denker Ave and 5321 Denker Ave. While the average home in Los Angeles, CA is selling in 92 days, 4307 S Budlong Ave has a days on market of 8 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 sale at 4307 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 4307 S Budlong Ave

Public county record property details
Beds
7
Baths
3
Year built
--
Sq. Ft.
2,421
Lot Size
6,600
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5020-010-008

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
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Call, Text or Message
(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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