2019-Built Eight-Unit
3944 S Budlong Ave Los Angeles, CA 90037
For Sale
$2,197,500
2019 construction eight-unit property with individually metered gas and electricity and tenant-paid water, trash, gas, and electricity.
Property Size10,887 SF
Lot Size0.32 Acres
Price / SF$201.85
Days on Market135
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 Agency:
Compass
Listed By:
John Swartz
Source:
Rochellemaize
Added: Mar 18
Changed: Jul 10
Last Checked: Jul 29 at 10:56AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
