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11420 S Budlong Ave
Los Angeles, CA 90044
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 5,100 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 2.16/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R320U, County | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,100 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | R320U, County |
About 11420 S BUDLONG AVE , LOS ANGELES, CA 90044
Marcus & Millichap is pleased to present 11420 South Budlong Avenue, a six-unit apartment building in South Los Angeles. The property is located in a strong rental market just south of Imperial Highway between Vermont and Normandie avenues and conveniently near the 105 and 110 freeways. Because 11420 South Budlong Avenue is located in an opportunity zone, a new investor may be eligible for significant tax benefits. The property consists of a 1965 construction building with six units that are operating as three-bed/one-bath units*. The units are separately metered for gas and electricity, and all units feature ceramic tile flooring throughout. The building also boasts a brand new roof that was installed in 2019. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. 11420 South Budlong Avenue presents an excellent opportunity for an investor to acquire an asset located in an opportunity zone with a strong unit mix and huge potential upside in rents.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
Property Taxes
| Parcel Number | 6079-019-038 | Improvements Assessment | $649,458 |
| Land Assessment | $719,817 | Total Assessment | $1,369,275 |
Property Taxes
