3023 S Budlong Avenue, Los Angeles, CA 90007

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Property Description

USC Student housing investment opportunity! 6.6% CAP rate and 10.6 GRM! All current tenants are students at USC! Property is located within short walking distance to the University of Southern California. The property is located within the USC Department of Public Safety Patrol Zone and the USC Lyft Ride Safe program. The property has a total of 16 Bedrooms and 11 Bathrooms in 4 separate units. One - 5 Bed+4 Bath unit, two - 4 bed+3 bath units, and one - 3 Bed+1 Bath unit. The building is 4,680 Sq. Ft. and sits on a 6,708 Sq. Ft. lot zoned LAR2. There are 6 on-site parking spaces. Potential to add ADU on the lot. *Buyer to verify all information* Please do not disturb tenants, drive by only.

Interior Features

Bedroom Information
Bedrooms 16
Bathroom Information
Bathrooms 11
Interior Information
Cooling Type None

Listing Information

Address 3023 S Budlong Avenue
City Los Angeles
State CA
Zip 90007
County Los Angeles
Listing Agent Michael R. Fukushima DRE #01380445
Co-Listing Agent Stephen F. Watson DRE #01187813
Courtesy Of Keller Williams Downtown LA
List Price $2,200,000
Status Active
Type Residential Income
Structure Size 4,680
Lot Size 6,711
Year Built 1913

Listing information courtesy of: Michael R. Fukushima, Stephen F. Watson, Keller Williams Downtown LA. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 7:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.