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We are pleased to present a 5-unit (4 units + Single FamilyHome) property located in the heart of Jefferson Park, juststeps from the USC Patrol Zone. 2 Units will be deliveredTenant Ready by COE! These spacious units feature newflooring, high ceilings, and renovated kitchens. Boasting anexcellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-BathUnits, this partially renovated asset is ideal for any value-add investor with strong income.Priced at $252/Sq Ft, this property will come with twotenant ready units and an additional 77% in Rental Upside!With a new roof installed in 2024 and updated Gas andSewer lines, this asset comes with very minimalmaintenance requirements, as tenants are responsible forGas, Electricity and Trash. Once stabilized, 2506 Budlongwill operate at 6.75 GRM and a 11.70% Pro Forma Cap Rate!The subject property boasts a "Walk Score" of 88-Makingthis a very walkable neighborhood.The subject property is conveniently located in-betweenDowntown Culver City, Downtown Los Angeles and thecity's metro line. Renters will enjoy the proximity to the 10,405, and 110 Freeways, making commuting in Los Angelesa breeze. This is an excellent opportunity to acquire aninvestment property with strong day one income andimmense upside.
Property Type(s):
Residential Income
| Last Updated | 9/26/2024 | Year Built | 1921 |
|---|---|---|---|
| Community | Mid Los Angeles | Garage Spaces | 3.0 |
| County | Los Angeles |
Price History
| Prior to Aug 20, '24 | $1,195,000 |
|---|---|
| Aug 20, '24 - Sep 26, '24 | $1,150,000 |
| Sep 26, '24 - Today | $1,125,000 |
Additional Details
| AREA | Mid Los Angeles |
|---|---|
| GARAGE | Yes |
| LOT | 6752 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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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