16-Unit Apartment
For Sale
$1,850,000
2327 S Budlong Ave, Los Angeles, CA 90007
MULTI_FAMILY - Los Angeles, CA
Property Size8,062 SF
Lot Size0.16 Acres
Price / SF$229.47
Days on Market177
Property Features for 2327 S Budlong Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR2
Bathrooms
16
Full bathrooms
1
Rooms
Bathroom 7, Bathroom 3, Bathroom 6, Bathroom 14, Bathroom 15, Bathroom 9, Bathroom 8, Bathroom 12, Bathroom 13, Bathroom 2, Bathroom 4, Bathroom 11, Bathroom 5, Bathroom 16, Bathroom 1, Bathroom 10
Lot features
Corners Established
Directions
South of the 10 Freeway, East of Normandie Ave., North Of West Adams Blvd.
Subdivision
Mid Los Angeles
Standard status
Active
APN
5054-018-012
Size
8,062 SF
Lot size
0.16 Acres
Utilities
Heating system
Floor Furnace
Cooling system
Window Unit(s), Ceiling Fan(s)
Amenities
onsite laundry
Building Details
Year built
1911
Floors in Building
2
Number of units
16
Listing Agency:
Ashby & Graff
(310) 856-9153
Listed By:
Billy Rojas · License #01395544
(310) 856-9153
Added: Feb 19
Changed: Aug 3
Last Checked: Aug 15 at 12:06AM
MLS# 26653611
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16-unit apartment building offers 16 very large studio apartments, each with its own separate kitchen area. The property is situated on a 6,801 square foot corner lot, with an 8,062 square foot building. Units are individually metered for gas and electric, and the building includes on-site laundry. Heating is provided by floor furnaces, with window unit(s) and ceiling fan(s) for cooling. The building was built in 1911.
Located in the West Adams district of Los Angeles, the property is one block south of the 10 Freeway on Budlong Ave at 24th St, surrounded by single-family homes and smaller apartment buildings. Distance to USC is 1.8 miles, and to The Arena is 2.5 miles.
From an underwriting perspective, the current cap rate is 6.04% and current GRM is 9.8, with pro forma cap rate of 11.49% and pro forma GRM of 6.4. The property is zoned LAR2.
Located in the West Adams district of Los Angeles, the property is one block south of the 10 Freeway on Budlong Ave at 24th St, surrounded by single-family homes and smaller apartment buildings. Distance to USC is 1.8 miles, and to The Arena is 2.5 miles.
From an underwriting perspective, the current cap rate is 6.04% and current GRM is 9.8, with pro forma cap rate of 11.49% and pro forma GRM of 6.4. The property is zoned LAR2.
Key Highlights
- 16 studio units, each with a separate kitchen area
- 8,062 SF building on a 6,801 SF corner lot (0.1561 acres)
- Individually metered for gas and electric plus on‑site laundry
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,348
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 studio units on a corner lot with individual gas and electric meters, on-site laundry, and LAR2 zoning.
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: 16 studio units, each with a separate kitchen area; 8,062 SF building on a 6,801 SF corner lot (0.1561 acres); Individually metered for gas and electric plus on‑site laundry
