11420 S Budlong Ave, Athens, CA 90044

Property Description

The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers); and a mere 12-minute local drive without traffic to LAX. 11420 South Budlong Ave features one building with six three-bedroom one-bathroom units that are per title two-bedroom one-bath. The non-conforming third bedrooms all possess a separate window and a closet. Because 11420 South Budlong Avenue is in an opportunity zone, an investor may be eligible for significant tax benefits. This offering presents an investor the opportunity to acquire an asset with a strong unit mix and huge potential upside in rents. The building boasts a brand-new roof that was installed in 2019, and most units feature ceramic tile flooring throughout. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. The units are also separately metered for gas and electricity.