8 months on rocket

2327 S Budlong Ave, Los Angeles, CA, 90007

$2,050,000

Home List Price

$10,000*

Closing Credit

16 Baths
8,062 SqFt
$254/SqFt
House

Location

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2327 S Budlong Ave, Los Angeles$2,050,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1911
HeatingFloor Furnace
MLS #24369091
Lot Size0.16 Acres
StatusActive

About 2327 S Budlong Ave

Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $128,125.00 cost per unit and $254.00 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.68% / CURRENT GRM 12.9 PRO FORMA CAP RATE 10.01% / PRO FORMA GRM 7.6

Property Details

Property Features

Property Information:

  • Year Built: 1911
  • Stories: 2
  • Living Area: 8,062 SqFt

Listing Office:

  • Office Name: Ashby & Graff
  • Office Phone: (310) 856-9153
  • Listing Agent: Billy Rojas

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace

Other

Directions Information:

  • Directions: South of the 10 Freeway, East of Normandie Ave., North of West Adams Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,050,000
  • Price Per SqFt: $254/SqFt

Tax Information:

  • Annual Amount: $18,243
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2327 S Budlong Ave vs Los Angeles

251 DAYS ON ROCKET

+213 Days

$2,050,000

+$1.0M More

$254/SqFt

-$387 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $387/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24369091

Listing Office:

  • Office Name: Ashby & Graff
  • Office Phone: (310) 856-9153
  • Listing Agent: Billy Rojas

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 29, 2012Home Sold
$226,000
Feb 15, 2005Home Sold
$850,000
Feb 04, 2004Home Sold
$85,000
Jul 17, 2003Home Sold
$550,000
Nov 16, 2001Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,243$1,435,482
2020$17,719$1,420,170
2019$17,621$1,392,324
2018$17,214$1,365,025
2017$17,214$1,338,261

History based on county public records data.

Payment Calculator

$10.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,213

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-743637
6
/10

  • Vermont Avenue Elementary

  • 1435 W 27th St

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-743638
3
/10

  • John W. Mack Elementary

  • 3020 S Catalina St

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-743639
3
/10

  • STEM Preparatory Elementary School

  • 1374 W 35th St

  • 0.73 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,054. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2327 S Budlong Ave

What is the listing price of this property?

The listing price of 2327 S Budlong Ave property is $2,050,000.

What type of property is this?

The property 2327 S Budlong Ave is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 2327 S Budlong Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,243 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 29, 2012 for $226,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2327 S Budlong Ave has 16 bathrooms..

What is the square footage of this property?

The property 2327 S Budlong Ave is 8,062 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2327 S Budlong Ave is 1911.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›2327 S Budlong Ave

This home is located at 2327 S Budlong Ave in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 8,062 square foot home, which was built in 1911, sits on a 0.16 acre lot. Features: 16 bathrooms. It has been listed on Rocket Homes since March 17, 2024 and is currently priced at $2,050,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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