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)… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
152
Last Updated
Property Type
Mixed Use
Lot Size
0.15 Acres
Year Built
1921
MLS Number
SB24149982
30 Days Snapshot Of 90007
$883k
-13%
(avg) sold price
2
-33%
homes sold
68
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 4,460, 2 buildings, Common walls: NoCommonWalls
Community
Biking, DogPark, Sidewalks
Expenses
Gardener expense: $600, Insurance expense: $4,460, Maintenance expense: $3,500, New taxes expense: $14,333, Operating expense: $30,151, Water sewer expense: $3,750
Garage
3 spaces
Income
Gross income: $94,089, Net operating income: $60,731
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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