16-Unit Apartment
2327 S Budlong Ave, Los Angeles, CA 90007
For Sale
$1,850,000
Residential Income, Los Angeles, CA
Property Size8,062 SF
Lot Size0.16 Acres
Price / SF$229.47
Days on Market269
Property Features for 2327 S Budlong Ave
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Heating system
Cooling system
Amenities
onsite laundry
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Ashby & Graff
Listed By:
Billy Rojas · License CA #01395544
(310) 856-9153
Added: Feb 19
Changed: Oct 27
Last Checked: Nov 14 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This 16-unit apartment property contains 8,062 square feet within a 6,801-square-foot corner lot. The unit mix consists of 16 studios, each arranged with a separate kitchen area. Gas and electric service are individually metered, and on-site laundry provides an additional property feature. An on-site manager is in place, while building systems include floor-furnace heating, window-unit cooling, and ceiling fans. Constructed in 1911, the property is zoned LAR2.
Located at 2327 S Budlong Ave in Los Angeles, the building sits one block south of the 10 Freeway. The surrounding setting includes single-family homes and smaller apartment buildings. USC is 1.8 miles away, and The Arena is 2.5 miles from the property. Current operating metrics include a 6.04% cap rate and 9.8 GRM; stated pro forma metrics are an 11.49% cap rate and 6.4 GRM.
Located at 2327 S Budlong Ave in Los Angeles, the building sits one block south of the 10 Freeway. The surrounding setting includes single-family homes and smaller apartment buildings. USC is 1.8 miles away, and The Arena is 2.5 miles from the property. Current operating metrics include a 6.04% cap rate and 9.8 GRM; stated pro forma metrics are an 11.49% cap rate and 6.4 GRM.
Key Highlights
- 16‑unit apartment building with 16 studio residences
- 8,062 square feet on a 6,801‑square‑foot corner lot
- Each studio includes a separate kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,724
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,594,480
$2.6M
Cap Rate 7%
$1,853,200
$1.9M
Cap Rate 9%
$1,441,378
$1.4M
Market Conditions
NOI Build-Up for 8,062 SF
Gross rent
$256.4K $31.80/SF
− Vacancy
−$20.5K −$2.54/SF
EGI
$235.9K $29.26/SF
− OpEx
−$106.1K −$13.17/SF
NOI
$129.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,594,480
Cap Rate 7%
$1,853,200
Cap Rate 9%
$1,441,378
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,724 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,619 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
$852,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio layouts feature separate kitchen areas, individual utility metering, and on-site laundry facilities.
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‑unit apartment building with 16 studio residences; 8,062 square feet on a 6,801‑square‑foot corner lot; Each studio includes a separate kitchen area
