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2717 S Budlong Ave 8 Unit Apartment Building $1,325,000 ($165,625/Unit) 5.75% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- Large Units and HUGE Upside - For Sale By Owner
EXECUTIVE SUMMARY
FOR SALE BY OWNER
Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone!
Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area. The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs. With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.
Exceptional 8-Unit Value-Add Opportunity in Prime USC Secure Zone!
Located directly across from Richardson Family Park, this rare multifamily offering presents tremendous upside with over 80% rental growth potential. At pro-forma rents, the property achieves a double-digit cap rate exceeding 10%, making it one of the most attractive investment opportunities in the USC area. The property features a highly desirable unit mix of six 2BR/1BA units and two 1BR/1BA units, with an impressive average unit size of 822 SF. Situated on a 7,715 SF lot, the building includes 8 on-site parking spaces and is separately metered for gas and electricity, ensuring low operating expenses. Additionally, the electrical service panel has been recently upgraded, further reducing future capital needs. With its unbeatable location in the USC Secure Zone and proximity to USC campus, BMO Stadium, the new Lucas Museum, Exposition Park, and an abundance of dining and entertainment options, this property is a prime investment poised for immediate and long-term growth.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$225,600
|
$30.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$225,600
|
$30.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$67,680
|
$9.25
|
| Net Operating Income |
$157,920
|
$21.59
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $225,600 |
| Annual Per SF | $30.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $225,600 |
| Annual Per SF | $30.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $67,680 |
| Annual Per SF | $9.25 |
| Net Operating Income | |
|---|---|
| Annual | $157,920 |
| Annual Per SF | $21.59 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
- Tub/Shower
- Basement
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 750 |
| 2+1 | 6 | - | 969 |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5054-015-017 | Improvements Assessment | $229,955 |
| Land Assessment | $386,342 | Total Assessment | $616,297 |
PROPERTY TAXES
Parcel Number
5054-015-017
Land Assessment
$386,342
Improvements Assessment
$229,955
Total Assessment
$616,297
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Presented by
Tom Daniel The Magnolia
2717 S Budlong Ave
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