11718 S Budlong Avenue, Los Angeles, CA 90044
- $2,800,000
- 16
- BD
- 16
- BA
- 8,128
- SqFt
Listing courtesy of Listing Agent: Jonathan Rawson (jon@avenuerg.com) from Listing Office: Avenue Realty Group.
- List Price
- $2,800,000
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 26964937
- Subtype
- Residential Income
- Year Built
- 1955
- Bedrooms
- 16
- Bathrooms
- 16
- Living Area
- 8,128
- Lot Size
- 12,709
- Acres
- 0.29
- MLS Area Major
- Metropolitan Southwest (C36)
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.
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Additional Information
- Interior Features
- Ceiling Fan(s)
- Zoning
- LCR320U*
- Appliances
- Dishwasher, Disposal, Microwave
- Heating
- Wall Furnace
- Stories
- Two Levels
- Levels
- Two
- Parking Features
- Assigned
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.