3023 S Budlong Avenue Los Angeles, CA 90007
USC Student housing investment opportunity! 6.5% CAP rate and 11.78 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site109 Days
- MLS StatusActive
- MLS ID Number24367617
- Home Size Source N/A
- Year Built1913
- Lot Size0.1541 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Community StructureControlled EntranceDrivewayUncovered
- Parking Spaces 6
- Sewer Other
- Number of Stories 22
- Acreage 0.1541
- Security Gated Community
- Zoning LAR2
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
- Direction Faces East
Interior Features
- Cooling None
- Heating Wall Furnace
Exterior Features
- View City Lights
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles
- Security Features Gated Community