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Listing Details

Status
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On Site
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School Ratings & Info

Description

6000 S. Budlong Street, LA (90044) is a 6-unit multifamily property located in South Los Angeles. Theoffering consists of 3 large, single-story, duplex buildings with 5,504 total rentable SF situated on alarge (10,881 SF) corner lot. The offering consists of Five- 1 Bedroom +1 Bath Units, & One- 2 Bedroom +1bath units. Listed at $1,690,000 this offering is priced at $281,667/unit and $307 Per Square foot., a 12.82market GRM; and a 5.42% market CAP. This property offers a great opportunity for either an investorlooking for solid cash flow from Day 1 or an owner-user buyer looking to occupy one of the units. Unique properties like this rarely change hands due to the tenant-friendly layout of the units- it is like each tenant has their own house! Located in a rapidly appreciating South LA submarket (90044),walking distance from Budlong Avenue Elementary as well as John Muir Middle School & 3 miles southof USC, University Park, Banc of California Stadium. With this areas many new construction projects;existing stadiums/attractions & great proximity to DTLA, this property will not be available long.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T15:32:08.883. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
www.marknazzalrealty.com/homes/117241200
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6000 S Budlong Avenue Los Angeles (City), CA 90044

  • Price: $1,649,000
  • Status: Active
  • Updated: 18 min ago
  • ID#: PW21103618
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1924
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
6000 S. Budlong Street, LA (90044) is a 6-unit multifamily property located in South Los Angeles. Theoffering consists of 3 large, single-story, duplex buildings with 5,504 total rentable SF situated on alarge (10,881 SF) corner lot. The offering consists of Five- 1 Bedroom +1 Bath Units, & One- 2 Bedroom +1bath units. Listed at $1,690,000 this offering is priced at $281,667/unit and $307 Per Square foot., a 12.82market GRM; and a 5.42% market CAP. This property offers a great opportunity for either an investorlooking for solid cash flow from Day 1 or an owner-user buyer looking to occupy one of the units. Unique properties like this rarely change hands due to the tenant-friendly layout of the units- it is like each tenant has their own house! Located in a rapidly appreciating South LA submarket (90044),walking distance from Budlong Avenue Elementary as well as John Muir Middle School & 3 miles southof USC, University Park, Banc of California Stadium. With this areas many new construction projects;existing stadiums/attractions & great proximity to DTLA, this property will not be available long.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.35 Common Interest None Community Features CurbsGutter(S) Electric Expense 1200 Fuel Expense 0 Garage YN No Gross Income 116003 Gross Scheduled Income 116003 Insurance Expense 1926 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 73471 New Construction YN No New Taxes Expense 21125 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 39052 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1200 Water Sewer Expense 1800 Water Source Public Zoning Lar2

Listing provided courtesy of Justin White of Justin White


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T15:32:08.883. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
 
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Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
1473 Ford St., Suite 200
Redlands CA, 92373