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5116 S Budlong Ave, Los Angeles, CA 90037
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5116 S Budlong Ave Los Angeles, CA 90037

$1,100,000
  • 5 Beds
  • 4 Baths
  • 3,632 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 5116 S Budlong Ave, Los Angeles, CA 90037

Property Overview: 5116 S Budlong Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 3,632 living square feet and 5,520 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: Discover a hidden gem in South Los Angeles! This exceptional Quadroplex unit is situated on one lot with two buildings and is an opportunity not to be missed. Whether you're a savvy investor or seeking a place to call home with rental income, this property has it all. Two of the units have been thoughtfully updated, showcasing modern upgrades and a desirable two-story layout. The upstairs unit features, a spacious 2-bedroom, 1-bath layout with a dining area and a large living room, providing ample space for comfortable living. The downstairs unit offers 1 bedroom and 1 bathroom, perfect for accommodating various living arrangements. Additionally, there are two covered parking spaces available for residents' convenience. Located in a prime location, you'll have easy access to various amenities, schools, parks, and transportation options. Don't miss out on this must-see 4plex. Schedule a viewing today and unlock the potential of this hidden gem!

Listed by Frank Peters | BRE #01902313 | FRANK PETERS, BROKER
Last checked: 1 minute ago | Last updated: February 29th, 2024 | Source CRMLS | DOM: 274
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Home details

Lot Sq. Ft
5,520
HOA Dues
$0/mo
Year built
1927
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
CV23131008
City
Los Angeles
County
Los Angeles
Time on Site
288 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,091
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 5116 S Budlong Ave

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Property Details for 5116 S Budlong Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Room Information
  • Main Floor Primary Bedroom, Primary Bathroom
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5017024032
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, See Remarks, Sewer Available, Sewer Connected, Water Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: West of Vermont Ave., East of Normandie Ave., North of Slauson Ave., South of Martin Luther King Jr. Blvd
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 5116 S Budlong Ave

Last sold for $635,000 on May 12th, 2017

  • July, 2023

  • Jul 17, 2023

    Date

    Active

    CRMLS: CV23131008

    $110,000

    Price

  • May, 2017

  • May 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $635,000

    Price

  • June, 2012

  • Jun 15, 2012

    Date

    Sold (Public Records)

    Public Records

    $559,796

    Price

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Tax History for 5116 S Budlong Ave

Assessed Value (2020): $673,865
Year Land Value Improved Value Assessed Value
2020 $539,093 $134,772 $673,865

Home Value Compared to the Market

This property vs the competition

5116 S Budlong Ave is listed 11% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $302.86 per/sqft which puts the price per square foot 60.82% lower than the median price per square foot for the city of Los Angeles.

About 5116 S Budlong Ave

Detailed summary of property

5116 S Budlong Ave is a fourplex located in Los Angeles, CA 90037 and is currently for sale. This fourplex offers 5 bedrooms, 4 bathrooms, roughly 3,632 living square feet, and sits on an approximately 5,520 square foot lot. 5116 S Budlong Ave was first listed on ArdentRealEstateGroup.com on July 17, 2023. The homeowner is currently asking $1,100,000 and was originally asking $110,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11% lower than the median priced home. Local competing homes currently for sale include 1306 W Martin Luther King Jr Blvd, 4112 Dalton Ave and 5302 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 96 days, 5116 S Budlong Ave has a days on market of 274 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5116 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 5116 S Budlong Ave

Public county record property details
Beds
5
Baths
4
Year built
1927
Sq. Ft.
3,632
Lot Size
5,520
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5017-024-032

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.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
33
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), 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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