Sixteen-Unit Multifamily Building Near
2327 S Budlong Ave, Los Angeles, CA 90007
MULTI_FAMILY - Los Angeles, CA
Property size:
8,062 SFLot size:
0.16 AcresPrice / SF:
$229/SF- Added:
- Feb 19, 2026
- Days on Market:
- 86
- Last Refresh:
- May 16 at 1:06 am
Property Features for 2327 S Budlong Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR2
- Bathrooms
- 16
- Rooms
- Bathroom 4, Bathroom 8, Bathroom 12, Bathroom 13, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 6, Bathroom 14, Bathroom 10, Bathroom 9, Bathroom 11, Bathroom 16, Bathroom 3, Bathroom 15, Bathroom 7
- Standard status
- Active
- APN
- 5054-018-012
- Size
- 8,062 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Floor Furnace
- Cooling system
- Ceiling Fan(s), Window Unit(s)
Building Details
- Year built
- 1911
- Floors in Building
- 2
- Number of units
- 16
Listing agent Billy Rojas License #01395544 (310) 856-9153
Listing office Ashby & Graff 925 N. La Brea Suite 400, Los Angeles, CA (310) 856-9153
Listing date Feb 19, 2026
MLS# 26653611
Listing URL
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.
HighLights
- High Rental Income: $187,968 annually / $15,664 monthly.
- Excellent Location: West Adams district, one block south of the 10 Freeway, near USC (1.8 miles).
- Strong Investment Opportunity: Current Cap Rate 6.04%, Pro Forma Cap Rate 11.49%.
- Low Maintenance: On‑site manager and individually metered units for gas and electric.
- 16 Large Studio Units: Each with a separate kitchen area.
- Additional Income: Onsite laundry generating approximately $425 monthly.
Overview
This 8,062 square foot, sixteen-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 consists of sixteen large studios, each with its own separate kitchen area. The building is located one block south of the 10 Freeway on Budlong Avenue at 24th Street, surrounded by single-family homes and smaller apartment buildings. The property is well-maintained, with all units individually metered for gas and electric. On-site laundry provides additional monthly income of approximately $425. The property has potential for future student housing. It is located in the northwest area of the 90007 zip code, 1.8 miles from USC, and 2.5 miles from The Arena. The current rental income is $187,968.00 per year, or $15,664.00 per month. The current cap rate is 6.04% and the current GRM is 9.8. The pro forma cap rate is 11.49% and the pro forma GRM is 6.4.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29677
- Latitude
- 34.034691
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Sixteen-unit apartment building in West Adams district near USC.
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: $187,968 annually / $15,664 monthly.; Excellent Location: West Adams district, one block south of the 10 Freeway, near USC (1.8 miles).; Strong Investment Opportunity: Current Cap Rate 6.04%, Pro Forma Cap Rate 11.49%.
