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3023 S Budlong Ave
Off-Market Call for Pricing
Call for Pricing
- 16 Bedrooms
- 11.00 Bathrooms
- 4,680 Sq Ft
- 6,711 Sq Ft
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.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,680 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1913 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5040023022 |
| MLS # | 24456327 |
| Property ID | 320987311 |
| Lot Sqft | 6,711 |
| Zoning | LAR2 |
| Total Units | 4 |
| Date Updated | October 31, 2024 |
| Date Created | October 23, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 1.00 | $3,050 | $3,200 |
| Unit #2 | 4 | 3.00 | $4,300 | $4,500 |
| Unit #3 | 4 | 3.00 | $4,500 | $4,500 |
| Unit #4 | 5 | 4.00 | $5,400 | $5,600 |
| Gross Income (Yr) | $ 190,440 |
| Operating Expenses | $ 44,320 |
| Net Income (Yr) | $ 146,120 |
| Cap Rate | 6.60% |
Listing Provided By
Michael R. Fukushima an agent of Keller Williams Realty Downey. Lic #01380445
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Robert Crawford
REAL ESTATE AGENT