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$1,125,000
Est. payment /mo
6,751 Sqft Lot
UPDATED:
12/05/2024 03:41 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24149982
HOA Y/N No
Year Built 1921
Lot Size 6,751 Sqft
Property Description
We are pleased to present a 5-unit (4 units + Single Family
Home) property located in the heart of Jefferson Park, just
steps from the USC Patrol Zone. These spacious units feature new
flooring, high ceilings, and renovated kitchens. Boasting an
excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-
add investor with strong income.
Priced at $252/Sq Ft, this property will come with two
tenant ready units and an additional 77% in Rental Upside!
With a new roof installed in 2024 and updated Gas and
Sewer lines, this asset comes with very minimal
maintenance requirements, as tenants are responsible for
Gas, Electricity and Trash. Once stabilized, 2506 Budlong
will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!
The subject property boasts a "Walk Score" of 88-Making
this a very walkable neighborhood.
The subject property is conveniently located in-between
Downtown Culver City, Downtown Los Angeles and the
city's metro line. Renters will enjoy the proximity to the 10,
405, and 110 Freeways, making commuting in Los Angeles
a breeze. This is an excellent opportunity to acquire an
investment property with strong day one income and
immense upside.
Home) property located in the heart of Jefferson Park, just
steps from the USC Patrol Zone. These spacious units feature new
flooring, high ceilings, and renovated kitchens. Boasting an
excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-
add investor with strong income.
Priced at $252/Sq Ft, this property will come with two
tenant ready units and an additional 77% in Rental Upside!
With a new roof installed in 2024 and updated Gas and
Sewer lines, this asset comes with very minimal
maintenance requirements, as tenants are responsible for
Gas, Electricity and Trash. Once stabilized, 2506 Budlong
will operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!
The subject property boasts a "Walk Score" of 88-Making
this a very walkable neighborhood.
The subject property is conveniently located in-between
Downtown Culver City, Downtown Los Angeles and the
city's metro line. Renters will enjoy the proximity to the 10,
405, and 110 Freeways, making commuting in Los Angeles
a breeze. This is an excellent opportunity to acquire an
investment property with strong day one income and
immense upside.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Dog Park, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5054020003
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
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