11718 S Budlong AVE, Los Angeles, CA 90044
11718 S Budlong AVE, Los Angeles, CA 90044
11718 S Budlong AVE, Los Angeles, CA 90044
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$2,800,000
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16 Beds
16 Baths
8,128 SqFt
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11718 S Budlong AVE Los Angeles, CA 90044

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Brent Cate

Brent Cate

+1(559) 304-6188

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,128 sqft

Price per Sqft $344

MLS Listing ID 26964937

Bedrooms 16

HOA Y/N No

Year Built 1955

Lot Size 0.292 Acres

Property Description

This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a very well-kept, updated and professionally managed 16-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. 5 units have just finished remodels and are now on the rental market and market rent ready. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located two doors away from two of the portfolio assets which provides a rare opportunity of large lot assemblage.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Microwave

Exterior

Parking Features Assigned

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6079018042

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Rawson Avenue Realty Group #02010400

NEARBY SCHOOL & BUSINESS

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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11718 S Budlong AVE

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