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2506 S Budlong Ave
Los Angeles, CA 90007

$1,125,000 USD

Apartments For Sale  •  4,460 SF

Property Details

• Property Type Apartments
• Total Building Size 4,460 SF
• Lot Size 0.16 AC
• Building Class C
• Year Built 1921
• Cap Rate 5.42 %
• Zoning LAR2

63 Transit Score

88 Walk Score

Highlights

Excellent Unit Mix of massive (2) 1-Bed/1-Bath and (3) 2-Bed/1-Bath Units, with most units well over 1,000 Sq Ft.

Strong Day 1 Income with a 12.70 GRM and 5.04% Cap Rate, stabilizing at 7.22 GRM and a 10.89% Cap Rate.

Priced at only $257/Sq Ft, the subject is one of the Best $/Sq Ft in the neighborhood.

2 Vacant units come renovated and tenant ready, with the opportunity to choose your own tenants.

Steps from USC, BMO Stadium, Lucas Museum, The Reef, Exposition Park and beautiful Downtown Los Angeles.

New Roof Installed in 2024, as well as newer sewer line system and updated Gas Lines.

Property Flyers

Marketing Brochure/Flyer

Financial Summary

Cap Rate:

5.42 %

Amenities

• Kitchen
• Refrigerator
• Oven
• Freezer

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	9 min	-	4.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.9 mi
Airport	Drive	Walk	Distance
Los Angeles International	21 min	-	12.2 mi
Bob Hope	25 min	-	14.6 mi
Long Beach (Daugherty Field)	30 min	-	21.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes