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4348 S Budlong Ave, Los Angeles, CA 90037
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4348 S Budlong Ave Los Angeles, CA 90037

$900,000 Sold Price as of 04/05/2023
  • 6 Beds
  • 2 Baths
  • 4,454 Sq.Ft.
Sold
$900,000 Sold Price as of 04/05/2023 Refinance Your Mortgage
Map preview of 4348 S Budlong Ave, Los Angeles, CA 90037

Property Overview: 4348 S Budlong Ave Los Angeles, CA has 6 bedrooms, 2 bathrooms, 4,454 living square feet and 5,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A value-add, mixed-use property at the signalized, northeast corner of Vernon Avenue and Budlong Avenue near USC and Exposition Park. The offering consists of two separate buildings, a market with a beer & wine license and a beauty salon in the Vernon Avenue building, and a Spanish architectural style duplex on Budlong Avenue with two 3 bedroom 1 bath units. All units are one month to month leases with significant rental upside. An owner-user seeking to occupy the retail portion can obtain up to 75% conventional commercial financing, with still historically low interest rates fixed for 20 years.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Last checked: 13 minutes ago | Last updated: April 6th, 2023 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
5,001
HOA Dues
$0/mo
Year built
1979
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23233687
City
Los Angeles
County
Los Angeles
Time on Site
485 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $995
  • Pro Forma/Market Rent: $995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $994
  • Total Rent: $994
  • Pro Forma/Market Rent: $994
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.7%
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $56,371
  • Gross Operating Income: $81,408
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4348 S Budlong Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5020023020
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Northeast corner of Budlong and Vernon.
View more facts & features

Local Los Angeles Agent

Sale History for 4348 S Budlong Ave

Last sold for $900,000 on April 5th, 2023

  • April, 2023

  • Apr 5, 2023

    Date

    Sold

    CRMLS: 23233687

    $900,000

    Price

  • Jan 18, 2023

    Date

    Active

    CRMLS: 23233687

    $995,000

    Price

  • June, 2009

  • Jun 16, 2009

    Date

    Sold (Public Records)

    Public Records

    $318,656

    Price

  • August, 2004

  • Aug 9, 2004

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 4348 S Budlong Ave

Assessed Value (2020): $470,988
Year Land Value Improved Value Assessed Value
2020 $294,369 $176,619 $470,988

Home Value Compared to the Market

This property vs the competition

4348 S Budlong Ave sold on April 5, 2023 for 16.39% 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 $223.39 per/sqft which puts the price per square foot 70.41% lower than the current median sale per square foot for the city of Los Angeles.

About 4348 S Budlong Ave

Detailed summary of property

4348 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 6 bedrooms, 2 bathrooms, roughly 4,454 living square feet, and sits on an approximately 5,001 square foot lot. 4348 S Budlong Ave was first listed on ArdentRealEstateGroup.com on January 18, 2023. The homeowner sold the property for $900,000. 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 16.39% lower than the current median priced home. Local homes that are currently for sale include 1054 W 58th Pl, 5166 S Manhattan Pl and 1823 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 92 days, 4348 S Budlong Ave has a days on market of 61 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 4348 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 4348 S Budlong Ave

Public county record property details
Beds
3
Baths
2
Year built
1979
Sq. Ft.
4,454
Lot Size
5,000
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
5020-023-020

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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Thinking of Selling?
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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