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According to the listing agent, this listing is a bank owned (foreclosed) property. |
3193 Budau Ave presents a compelling opportunity to acquire a turnkey 5-unit investment with immediate income upside in Metro Los Angeles. Three of the five 2-bedroom residences are currently vacant, giving a new owner the ability to place tenants at current market rents and meaningfully increase income from day one. Based on existing rents plus projected rents for the three vacant units, stabilized annual rental income is approximately $155,748, with additional upside as the remaining units reach market rents over time. Set on an approximately 8,620-square-foot lot, this distinctive bungalow complex features five individual residences, each offering 2 bedrooms and 1 bathroom. The property combines the privacy and appeal of bungalow-style living with the efficiency and income potential of a well-positioned multifamily asset.Extensively renovated around 2023, all five units have been thoughtfully updated with newer windows, electrical, plumbing, flooring, remodeled kitchens and bathrooms, and individual mini-split HVAC systems. The result is a refreshed, low-maintenance property positioned for streamlined ownership and strong tenant appeal.Three units are currently occupied, while two are vacant and ready for lease-up. A new management company was installed in May, further enhancing the property's plug-and-play appeal for an investor seeking existing income with near-term growth potential.Tucked into a quiet neighborhood setting yet conveniently connected to Downtown Los Angeles, major transit hubs, freeways, South Pasadena, Alhambra and surrounding communities, the property offers strong accessibility while maintaining a residential feel.Beyond the current income opportunity, the expansive lot may offer additional future value through ADU development or other expansion potential, subject to buyer verification and applicable approvals.With five 2-bedroom units, two immediate vacancies, extensive renovations, existing income, and clear upside potential, 3193 Budau Ave offers a rare combination of turnkey condition and value-add opportunity in the Los Angeles multifamily market.
Property Type(s):
Residential Income
| Last Updated | 8/31/2026 | Year Built | 1927 |
|---|---|---|---|
| Community | 621 - El Sereno | County | Los Angeles |
Additional Details
| APPLIANCES | Microwave, Refrigerator |
|---|---|
| AREA | 621 - El Sereno |
| EXTERIOR | Rain Gutters |
| HEAT | Forced Air, Zoned |
| INTERIOR | Recessed Lighting |
| LOT | 8642 sq ft |
| LOT DIMENSIONS | 8642 |
| PARKING | Assigned, Driveway |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 1 |
| STYLE | Bungalow |
| VIEW DESCRIPTION | None |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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