West Adams Multifamily Investment
For Sale
$1,850,000
2327 S Budlong Ave, Los Angeles, CA 90007
16-unit apartment building near USC with income potential.
Property Size8,062 SF
Lot Size0.16 Acres
Price / SF$229.47
Days on Market187
Property Features for 2327 S Budlong Ave
General Information
Standard status
Active
Size
8,062 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Building Details
Building Size
8,062 SF
Year Built
1911
Listing Agency:
Ashby & Graff
(310) 856-9153
Listed By:
Billy Rojas · License #01395544
Source:
Rochellemaize
Added: Feb 19
Changed: Aug 23
Last Checked: Aug 24 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ashby & Graff
Investment Insights
Based on property information with market context.
This 8,062 square foot, 16-unit apartment building is located in the West Adams district of Los Angeles, near USC. Situated on a 6,801 square foot corner lot, the property features 16 large studio apartments, each with a separate kitchen area. The building is located one block south of the 10 Freeway on Budlong Avenue at 24th Street, in an area characterized by single-family homes and smaller apartment buildings. The property is well-maintained and includes on-site laundry, which generates approximately $425.00 of additional monthly income. Each unit is individually metered for gas and electric. The property is positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, and 2.5 miles from The Crypto.com Arena. The property generates a rental income of $187,986.00 per year, or $15,664.00 per month. The property may be suitable for future student housing.
Key Highlights
- High Rental Income: $187,986.00 per year / $15,664.00 per month.
- 16 Large Studio Units: Each with separate kitchen area.
- Excellent Location: West Adams district, one block south of the 10 Freeway, near USC.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit apartment building near USC with income potential.
Where is this apartment building located?
The property is located at 2327 S Budlong Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: High Rental Income: $187,986.00 per year / $15,664.00 per month.; 16 Large Studio Units: Each with separate kitchen area.; Excellent Location: West Adams district, one block south of the 10 Freeway, near USC.
