2019-Built Eight-Unit
3944 S Budlong Ave, Los Angeles, CA 90037
2019 construction eight-unit property with individually metered gas and electricity and tenant-paid water, trash, gas, and electricity.
Type:MULTI_FAMILY
Property size:
10,887 SFLot size:
0.32 AcresPrice / SF:
$201/SF- Added:
- Mar 18, 2026
- Days on Market:
- 88
- Last Refresh:
- Jun 13 at 2:51 am
Property Features for 3944 S Budlong Ave
General Information
- Standard status
- Active
- Size
- 10,887 SF
- Lot size
- 0.32 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 2019
Listing agent John Swartz
Listing office Compass
Listing date Mar 18, 2026
Source Rochellemaize
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 Compass
HighLights
- 8‑unit multifamily built in 2019 in the Exposition Park neighborhood of Los Angeles
- Approximately 10,887 SF rentable building area on two parcels totaling 13,776 SF, zoned RD1.5‑1‑CPIO
- All units are 3‑bedroom, 3‑bath and separately metered for gas and electricity
- Tankless water heater included; tenants pay water, trash, gas, and electricity
- Located in a federally designated Qualified Opportunity Zone (QOZ)
- Subject to the Los Angeles Rent Stabilization Ordinance (LARSO); both 3944 South Budlong and 1135 Leighton Avenue must be sold together
Overview
3944 S Budlong Ave is an eight-unit multifamily property constructed in 2019. The building contains eight three-bedroom, three-bathroom apartment units designed with spacious layouts. Each unit is individually metered for gas and electricity, and includes a tankless water heater. Ownership benefits from limited utility obligations, with tenants responsible for water, trash, gas, and electricity. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO). The rentable building area is approximately 10,887 square feet, and the property is situated on two parcels totaling approximately 13,776 square feet.
The property is located in Los Angeles’ Exposition Park neighborhood. It is zoned RD1.5-1-CPIO and is situated within a federally designated Qualified Opportunity Zone (QOZ). The seller notes the QOZ designation may provide eligible investors with tax advantages and long-term operational flexibility. The area is described as supply-constrained with demand supported by nearby academic, cultural, and employment anchors, including the University of Southern California (USC), the California Science Center, the museums of Exposition Park, and BMO Stadium. The OM also references convenient access to Downtown Los Angeles and major transportation corridors, including the I-110 and I-10 freeways and the Metro E Line.
This is a straightforward eight-unit ownership opportunity for investors or operators seeking a newer-construction multifamily asset with individually metered utilities and tenant-paid operating expenses. With the property’s LARSO requirement and QOZ status noted, interested parties should review applicable regulatory and program details for compatibility with their operating strategy.
The property is located in Los Angeles’ Exposition Park neighborhood. It is zoned RD1.5-1-CPIO and is situated within a federally designated Qualified Opportunity Zone (QOZ). The seller notes the QOZ designation may provide eligible investors with tax advantages and long-term operational flexibility. The area is described as supply-constrained with demand supported by nearby academic, cultural, and employment anchors, including the University of Southern California (USC), the California Science Center, the museums of Exposition Park, and BMO Stadium. The OM also references convenient access to Downtown Los Angeles and major transportation corridors, including the I-110 and I-10 freeways and the Metro E Line.
This is a straightforward eight-unit ownership opportunity for investors or operators seeking a newer-construction multifamily asset with individually metered utilities and tenant-paid operating expenses. With the property’s LARSO requirement and QOZ status noted, interested parties should review applicable regulatory and program details for compatibility with their operating strategy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.0k | $27.19 |
| − Vacancy | −$2.1k | −$0.19 |
| EGI | $293.9k | $27.00 |
| − OpEx | −$132.3k | −$12.15 |
| NOI | $161.7k | $14.85 |
10,887 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,670 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,615 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29577
- Latitude
- 34.01357
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 2019 construction eight-unit property with individually metered gas and electricity and tenant-paid water, trash, gas, and electricity.
Where is this apartment building located?
The property is located at 3944 S Budlong Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,197,500.
What are key features of this property?
This property features: 8‑unit multifamily built in 2019 in the Exposition Park neighborhood of Los Angeles; Approximately 10,887 SF rentable building area on two parcels totaling 13,776 SF, zoned RD1.5‑1‑CPIO; All units are 3‑bedroom, 3‑bath and separately metered for gas and electricity
