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8811 S Budlong Ave, Los Angeles, CA 90044
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8811 S Budlong Ave Los Angeles, CA 90044

$520,000 Sold Price as of 11/07/2022
  • 3 Beds
  • 2 Baths
  • 1,659 Sq.Ft.
Sold
$520,000 Sold Price as of 11/07/2022 Refinance Your Mortgage
Map preview of 8811 S Budlong Ave, Los Angeles, CA 90044

Property Overview: 8811 S Budlong Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,659 living square feet and 2,468 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well maintained 2 unit building. 8811 is a 1 + 1 and 8813 is a 2+1. Both units to be delivered with tenants. Each unit is metered separately and have their own garages with parking in front of the garage as well. Property is located in the County of Los Angeles. Great starter investment and buy and hold opportunity. Please do not walk on property. All units are tenant occupied.

Listed by Traci Bates | BRE #01833638 | Keller Williams Larchmont
Co-listed by Lorna Hennington | BRE #01842983 | Keller Williams Larchmont
Last checked: 10 minutes ago | Last updated: November 8th, 2022 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
2,468
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22192825
City
Los Angeles
County
Los Angeles
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.19%
  • Gross Rent Multiplier: 18.56
  • Gross Scheduled Income: --
  • Net Operating Income: $20,816
  • Gross Operating Income: $34,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $3,208
  • Gardener: $600
  • Water/Sewer: $1,440

Property Details for 8811 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 Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door
Property Information
  • Total # of Units: 2
  • Parcel Number: 6047008002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: N of Century, S of Manchester, W of Normandie, E of Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 8811 S Budlong Ave

Last sold for $520,000 on November 7th, 2022

  • November, 2022

  • Nov 7, 2022

    Date

    Sold

    CRMLS: 22192825

    $520,000

    Price

  • Aug 22, 2022

    Date

    Active

    CRMLS: 22192825

    $619,000

    Price

  • May, 2019

  • May 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2000

  • Mar 30, 2000

    Date

    Sold (Public Records)

    Public Records

    $135,000

    Price

Show More

Tax History for 8811 S Budlong Ave

Assessed Value (2020): $189,709
Year Land Value Improved Value Assessed Value
2020 $140,531 $49,178 $189,709

Home Value Compared to the Market

This property vs the competition

8811 S Budlong Ave sold on November 7, 2022 for 55.36% 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 $301.39 per/sqft which puts the price per square foot 58.37% lower than the current median sale per square foot for the city of Los Angeles.

About 8811 S Budlong Ave

Detailed summary of property

8811 S Budlong Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,659 living square feet, and sits on an approximately 2,468 square foot lot. 8811 S Budlong Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $520,000. 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 55.36% lower than the current median priced home. Local homes that are currently for sale include 845 E 80th St, 1507 W 51St St and 1507 W 51St St. While the average home in Los Angeles, CA is selling in 106 days, 8811 S Budlong Ave has a days on market of 42 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 8811 S Budlong Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8811 S Budlong Ave

Public county record property details
Beds
3
Baths
2
Year built
1949
Sq. Ft.
1,659
Lot Size
2,468
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
274
APN
6047-008-002

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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(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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