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    11420 S Budlong Avenue

    Athens, CA 90044
    • $1,265,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • ID#: PW20256302
    Under Contract
    UPDATED: 63 min ago
    $1,265,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,100
      SQFT
    • $248
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers); and a mere 12-minute local drive without traffic to LAX.11420 South Budlong Ave features one building with six three-bedroom one-bathroom units that are per title two-bedroom one-bath. The non-conforming third bedrooms all possess a separate window and a closet.Because 11420 South Budlong Avenue is in an opportunity zone, an investor may be eligible for significant tax benefits. This offering presents an investor the opportunity to acquire an asset with a strong unit mix and huge potential upside in rents.The building boasts a brand-new roof that was installed in 2019, and most units feature ceramic tile flooring throughout. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. The units are also separately metered for gas and electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-17T07:29:03.793. 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 Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/112568830
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    11420 S Budlong Avenue Athens, CA 90044

    • Price: $1,265,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: PW20256302
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,100
    SQFT
    $248
    $/SQFT
    1965
    Built
    Neighborhood:
    ATHN - Athens
    County:
    Los Angeles
    Area:
    ATHN - Athens
    Property Description
    The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers); and a mere 12-minute local drive without traffic to LAX.11420 South Budlong Ave features one building with six three-bedroom one-bathroom units that are per title two-bedroom one-bath. The non-conforming third bedrooms all possess a separate window and a closet.Because 11420 South Budlong Avenue is in an opportunity zone, an investor may be eligible for significant tax benefits. This offering presents an investor the opportunity to acquire an asset with a strong unit mix and huge potential upside in rents.The building boasts a brand-new roof that was installed in 2019, and most units feature ceramic tile flooring throughout. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. The units are also separately metered for gas and electricity.
    Exterior Features

    Garage Spaces 11.00 Lot Features Walkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 11.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 850 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Outside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.53 Community Features Urban Country Us Elevation Units Feet Gardener Expense 600.00 Gross Income 96000.00 Gross Multiplier 13.18 Gross Operating Income 93120.00 Gross Scheduled Income 96000.00 Insurance Expense 2040.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5200.00 Net Operating Income 57321.00 New Construction YN No New Taxes Expense 17913.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 35799.00 Operating Expense Percent 38.44 Pest Control Expense 450.00 Professional Management Expense 4656.00 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Supplies Expense 960.00 Total Actual Rent 8000.00 Total Expenses 35799.00 Trash Expense 1200.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Public Records Zoning Lcr320u*

    Listing provided courtesy of Alex Colombo of Lyon Stahl Investment Real Est


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-17T07:29:03.793. 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 Powerhouse Real Estate. Licensed in the State of California, USA.

     
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