11718 S Budlong Avenue, Los Angeles, CA 90044
List Price: $2.8M
Listing Status: Active
0Days on Market: 0
16 Bedrooms · 16 Bathrooms · 8,128 sq ft
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 12,709 sq ft
MLS Number: 26964937
About This Property
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.
Listing provided by: Jonathan Rawson DRE #02010400 310-433-4293 jon@avenuerg.com, Avenue Realty Group
Source: CRMLS, MLS #: 26964937
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.