This property must be sold as part of a portfolio with another property situated at 2412 5th Avenue, Los Angeles, California 90018. We are pleased to present a four unit multi-family property located in Los Angeles, California. This fourplex is currently occupied entirely by USC students and serves as student housing. The property is within conveniently walking distance of both USC's campus.Built in 1924, this investment consists of a streamlined unit mix of (4) 3 bedroom / 1 bathroom units that is ideal for student housing. This property offers potential investors reliable and increasing rents unusual for a rent controlled building in Los Angeles County due to the high tenant turnover rate associated with students.
Off market
$1,657,700
3023 S Budlong Ave, Los Angeles, CA 90007
12beds
4baths
4,680sqft
MultiFamily
Built in 1913
-- sqft lot
$1,657,700 Zestimate®
$354/sqft
$1,523 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Cooling
- Central
Interior area
- Total interior livable area: 4,680 sqft
Property
Parking
- Total spaces: 6
Lot
- Size: 6,534 sqft
Details
- Parcel number: 5040023022
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1913
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- Heating: Wall
- ListingArea: Mid Los Angeles
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- UnitTypeType: 1, 2, 3, 4
- Equipment: Other
- ParkingGarage: Driveway - Concrete
- SourceLotSizeArea: Other
- ListingStatus: Active Under Contract
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Estimated market value
$1,657,700