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2717 S Budlong Ave 8 Unit Apartment Building $1,349,800 ($168,725/Unit) 5.19% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Prime USC Secure Zone location directly across from Richardson Family Park and minutes from USC and major attractions.
- Desirable unit mix featuring six 2BR/1BA units and two 1BR/1BA units with ~822 SF average size.
- Spacious 7,715 SF lot with 8 on-site parking spaces.
- Exceptional value-add opportunity with over 80% rental upside and pro-forma cap rate exceeding 10%.
- Strong current income with $114,228 GOI and $70,055 NOI.
- Separately metered gas and electricity help keep operating expenses low.
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,349,800 | Property Subtype | Apartment |
| Price Per Unit | $168,725 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.19% | Lot Size | 0.18 AC |
| Sale Condition | Build to Suit | Building Size | 7,318 SF |
| Gross Rent Multiplier | 12.25 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | LAR3 - Multiple dwelling | ||
| Price | $1,349,800 |
| Price Per Unit | $168,725 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 12.25 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,318 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | LAR3 - Multiple dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
- Basement
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 750 |
| 2+1 | 6 | - | 969 |
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
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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2717 S Budlong Ave
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