Commercial > Multi-family / Apartments
Active
03/16/2024
List Price
$2,350,000$291/ft²
2327 Budlong Ave
Los Angeles, CA 90007
- -Bed
- 18Baths
- 8,062ft²Living Area
- 6,800ft²Lot Size
- -Pool
- -Car
- 1911Year Built
- 53DOM
- 7Permits
2327 Budlong Ave, Los Angeles, CA 90007 is a 18 bath, 8,062 ft² multi-family/apartments property built in 1911 on a 0.156 acre lot with 7 construction permits. This multi-family/apartments is currently on the market for $2,350,000, and it was last sold in 2014.
MLS Description
The listing agent's description. Original Listing
Excellent opportunity to acquire a 16 unit apartment building in the West Adams district of Los Angeles by USC at a $147,000 cost per unit and $291.00 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 4.05% / CURRENT GRM 14.8 - PRO FORMA CAP RATE 8.73% / PRO FORMA GRM 8.7
Listing Agents
The listing agent for 2327 Budlong Ave is Billy Rojas.
BR
Billy Rojas
Ashby & Graff
Phone: (310) 856-9153
Permits
2327 Budlong Ave has 7 permit records.
Permit History
7
Permits
September 14, 2012
Description: Replace wall heaterStatus: finalType: HVACSub Type: ApartmentBusiness Name: One Hour Air Conditioning & HeatingEffective Date: 2012-09-14Permit Number: 12044-30000-08213
July 31, 2012
Description: Installing wall heater in the livingroomStatus: finalType: plumbingSub Type: ApartmentBusiness Name: Paredes Carlos PlumbingEffective Date: 2012-07-31Permit Number: 12042-30000-13766
September 25, 2008
Description: Bathroom remodel for residential buildings (no structural changes). (re-tile bathrom) valuation to be verified by field inspectorStatus: finalType: Bldg-alter/repairSub Type: ApartmentEffective Date: 2008-09-25Permit Number: 08016-20000-13534
October 28, 2003
Description: Repair wood siding and shingles at extension. Walls. Repair windows. (4)Status: issuedType: Bldg-alter/repairSub Type: ApartmentEffective Date: 2003-10-28Permit Number: 03016-70000-18408
October 22, 2001
Description: Replace vented heaters as requiredStatus: finalType: HVACSub Type: CommercialBusiness Name: Martinez RolandoEffective Date: 2001-10-22Permit Number: 01044-10000-04677
October 19, 2001
Description: Replace lavatories/faucets in bathroomsStatus: finalType: plumbingSub Type: CommercialBusiness Name: Martinez RolandoEffective Date: 2001-10-19Permit Number: 01042-10000-07802
June 18, 1999
Description: Reroof: remove existing roof-covering; install 1/2"cdx plywood; & class a fiberglass shingles 48 squares & 11 squares of hot-mopStatus: finalType: Bldg-alter/repairSub Type: ApartmentEffective Date: 1999-06-18Permit Number: 99016-70000-10014
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$19,363.51From latest Total Assessed Value1.3%Total Assessed Value$1,493,450=Land+
Assessed Value$903,722Additions
Assessed Value$589,728
In 2023, taxes billed for 2327 Budlong Ave were $19,363.51, which is 1.30% from latest Total Assessed Value of $1,493,450.
Property History
2327 Budlong Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 2327 Budlong Ave
Hazard Risks
Earthquake356Carb Mono134Particulates114Ozone109Air Pollution109Lead108Nat'l Avg100Tornado93Weather34Hurricane7Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 2327 Budlong Ave.
Walkability Index
14 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
2327 Budlong Ave has a walkability score of 14 out of 20, which means that it is in a somewhat walkable area.
Noise Level
56 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 2327 Budlong Ave is around 56dBs, which is comparable to a Urban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
46°F
High
67°F
Summer
Average
Low
61°F
High
79°F
In the winter at 2327 Budlong Ave, temperatures range from 46.31°F to 66.91°F with an average of 56.61°F. In the summer, the temperature ranges from 60.82°F to 79.22°F with and average of 70.02°F.
School Information
Public/private schools serving 2327 Budlong Ave
Public Schools
Foshay Learning Center
Grades: 6-12
1.22 mi
C
Vermont Avenue Elementary
Grades: KG-5
0.34 mi
C-
West Adams Preparatory High School
Grades: 9-12
0.53 mi
D-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 2327 Budlong Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Adams Normandie, Los Angeles, CA 90007.
Seasonal Housing units 90007
3%of housing is for seasonal rent.
Daytime Population for 90007
-7%of people during work hours.
Boundary map of Adams/Normandie.
Crime Index for 90007
165
165
The crime index in 90007 is 165, which is 1.6 times higher than national average.
Market Trends
Historical market data near 2327 Budlong Ave over selected time period.
Nearby Properties on Budlong Ave
- 2731 S Budlong Ave, Los Angeles, CA 90007 (2731 South Budlong Avenue) is a 9,730 square foot, 17 bedroom, 14 bathroom, 0.3 acre property. It was built in 1961 and has an estimate of $6,423,503 with a price per ft² of $660.
- 2701 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 5,323 square foot, 8 bedroom, 7 bathroom, 0.37 acre property. It was built in 1941 and has an estimate of $1,934,104 with a price per ft² of $363.
- 2633 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 1,862 square foot, 3 bedroom, 1 bathroom, 0.15 acre property. It was built in 1909 and has an estimate of $1,006,289 with a price per ft² of $540.
- 2639 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,988 square foot, 5 bedroom, 1 bathroom, 0.19 acre property. It was built in 1905 and has an estimate of $1,100,999 with a price per ft² of $368.
- 2643 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 4,688 square foot, 8 bedroom, 8 bathroom, 0.23 acre property. It was built in 1923 and has an estimate of $1,872,045 with a price per ft² of $399.
- 2657 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 0.26 acre property.
- 2511 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,161 square foot, 5 bedroom, 3 bathroom, 0.14 acre property. It was built in 1924 and has an estimate of $850,110 with a price per ft² of $393.
- 2512 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,097 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1957 and has an estimate of $838,727 with a price per ft² of $400.
- 2504 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 4,460 square foot, 4 bedroom, 5 bathroom, 0.15 acre property. It was built in 1921 and has an estimate of $1,371,237 with a price per ft² of $307.
- 2400 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,706 square foot and 0.16 acre property. It was built in 1908 and has an estimate of $1,396,629 with a price per ft² of $516.
- 2412 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,752 square foot, 8 bedroom, 5 bathroom, 0.15 acre property. It was built in 1985 and has an estimate of $1,082,830 with a price per ft² of $393.
- 2614 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 1,224 square foot, 4 bedroom, 1 bathroom, 0.07 acre property. It was built in 1907 and has an estimate of $695,441 with a price per ft² of $568.
- 2658 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 3,798 square foot, 4 bedroom, 4 bathroom, 0.13 acre property. It was built in 1915 and has an estimate of $1,161,468 with a price per ft² of $306.
- 2670 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 9,795 square foot, 13 bedroom, 16 bathroom, 0.24 acre property. It was built in 1965 and has an estimate of $3,395,765 with a price per ft² of $347.
- 2814 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,394 square foot, 4 bedroom, 2 bathroom, 0.13 acre property. It was built in 1912 and has an estimate of $1,490,145 with a price per ft² of $622.
- 2820 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 2,440 square foot, 5 bedroom, 2 bathroom, 0.13 acre property. It was built in 1921 and has an estimate of $1,435,372 with a price per ft² of $588.
- 2902 S Budlong Ave, Los Angeles, CA 90007 (Adams/Normandie) is a 1,411 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1950 and has an estimate of $1,028,306 with a price per ft² of $729.
- 4410 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 31,024 square foot and 0.66 acre property.
- 4610 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 2,464 square foot, 5 bedroom, 4 bathroom, 0.15 acre property. It was built in 1950 and has an estimate of $1,194,874 with a price per ft² of $485.
- 4720 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 7,636 square foot, 12 bedroom, 6 bathroom, 0.26 acre property. It was built in 1930 and has an estimate of $3,611,139 with a price per ft² of $473.
- 4215 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 1,602 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1937 and has an estimate of $1,093,750 with a price per ft² of $683.
- 4225 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 2,098 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1917 and has an estimate of $1,098,623 with a price per ft² of $524.
- 4243 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 1,470 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1922 and has an estimate of $1,015,554 with a price per ft² of $691.
- 4249 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 1,367 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1922 and has an estimate of $1,120,944 with a price per ft² of $820.
- 4171 S Budlong Ave, Los Angeles, CA 90037 (Vermont Square) is a 2,493 square foot, 4 bedroom, 2 bathroom, 0.15 acre property. It was built in 1911 and has an estimate of $1,381,966 with a price per ft² of $554.
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