Skip To Content

11507 S Budlong Ave

Los Angeles, CA 90044
  • $5,500,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 21-109623
UPDATED: 174 min ago
$5,500,000
  • 1
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,320
    SQFT
  • $751
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

11507 S Budlong Avenue is a 28-unit property located in the up-and-coming neighborhood of South Los Angeles. The property consists of twenty-seven studio units and one 1 bed/1 bath unit. All apartments are detached bungalow style buildings, providing great privacy for tenants. 26 of the 28 units have been tastefully renovated, including new appliances and reimagined kitchens and bathrooms. The property is landscaped with drought tolerant plants, and there is ample outdoor space for parking, storage, and tenant enjoyment. There is also on-site laundry room for added income. The property is located in the County Strip, meaning it's subject to LA County rent control. Superbly located near multiple transportation corridors, 11507 S Budlong Avenue provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. The property is 0.5 miles away from a Metro Station, a 10-minute drive from popular Inglewood, and a 15-minute drive to the University of Southern California and Downtown LA. Tenants with young children will enjoy the nearby proximity to a variety of different schools and the 7-minute drive to Jesse Owens Park. This is an excellent opportunity to acquire an investment property with great cash flow with additional future upside.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/123914257
Print Image

11507 S Budlong Ave Los Angeles, CA 90044

  • Price: $5,500,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 174 min ago
  • MLS #: 21-109623
1
Beds
0
Baths
0
½ Baths
0.76
Acres
7,320
SQFT
$751
$/SQFT
1948
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
11507 S Budlong Avenue is a 28-unit property located in the up-and-coming neighborhood of South Los Angeles. The property consists of twenty-seven studio units and one 1 bed/1 bath unit. All apartments are detached bungalow style buildings, providing great privacy for tenants. 26 of the 28 units have been tastefully renovated, including new appliances and reimagined kitchens and bathrooms. The property is landscaped with drought tolerant plants, and there is ample outdoor space for parking, storage, and tenant enjoyment. There is also on-site laundry room for added income. The property is located in the County Strip, meaning it's subject to LA County rent control. Superbly located near multiple transportation corridors, 11507 S Budlong Avenue provides residents with many of the great things LA has to offer right outside their front door. The property is central to major employment, freeways, and points of interest alike. The property is 0.5 miles away from a Metro Station, a 10-minute drive from popular Inglewood, and a 15-minute drive to the University of Southern California and Downtown LA. Tenants with young children will enjoy the nearby proximity to a variety of different schools and the 7-minute drive to Jesse Owens Park. This is an excellent opportunity to acquire an investment property with great cash flow with additional future upside.
Exterior Features

Lot Size Area 33018 Other Structures None Parking Garage AssignedUncovered Style Bungalow Total Parking 28

Interior Features

Baths Total 28.00 Common Walls Detached/No Common Walls Cooling None Equipment RefrigeratorRange/OvenMicrowaveCeiling FanFreezer Flooring Laminate Heating Wall Gas Laundry CommunityRoom Laundry Equipment Own

Property Features

Alley YN No Assessed Total Value 2700000 Gross Income 423360 Gross Operating Income 411859 Like Units1 27 Like Units2 1 Net Operating Income 288068.00 Number Of Buildings 28 Number Of Units 28 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 123791 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lcr320u*

Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-109623-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-109623-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-109623-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210