Eight-Unit Multifamily
3944 S Budlong Ave Los Angeles, CA 90037
3944 S Budlong Ave, Los Angeles, CA, 90037
$2,025,000
For Sale
$2,025,000
Newer eight-unit apartment property with individually metered utilities and tenant-paid water, trash, gas, and electricity.
Property Size5,445 SF
Lot Size0.32 Acres
Price / SF$371.90
Days on Market128
Property Features for 3944 S Budlong Ave
General Information
- Standard status
- Active
- Size
- 5,445 SF
- Lot size
- 0.32 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 2019
Listing agency
Compass
(310) 230-5478
Listed by
John Swartz · License #01873487
Source
Benbelack
Added: Mar 18 Updated: Jul 23 at 3:59AM Checked: Jul 23 at 3:59AM
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 investment opportunity constructed in 2019. The building includes eight three-bedroom, three-bathroom apartments with tankless water heaters and individually metered gas and electricity in each unit. Tenants are responsible for water, trash, gas, and electricity, keeping ownership utility obligations minimal. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO).
The asset is located in the Exposition Park neighborhood of Los Angeles and is situated on two parcels totaling 13,776 square feet. The property is zoned RD1.5-1-CPIO and is within a federally designated Qualified Opportunity Zone (QOZ), which may provide tax advantages for eligible investors.
This sale requires both properties to be sold together, including 3944 S Budlong Ave in conjunction with 1135 Leighton Avenue. In addition to being near major local anchors such as the University of Southern California (USC), the California Science Center, Exposition Park museums, and BMO Stadium, the location offers access to key transportation corridors and transit, including the I-110 and I-10 freeways and Metro E Line service.
The asset is located in the Exposition Park neighborhood of Los Angeles and is situated on two parcels totaling 13,776 square feet. The property is zoned RD1.5-1-CPIO and is within a federally designated Qualified Opportunity Zone (QOZ), which may provide tax advantages for eligible investors.
This sale requires both properties to be sold together, including 3944 S Budlong Ave in conjunction with 1135 Leighton Avenue. In addition to being near major local anchors such as the University of Southern California (USC), the California Science Center, Exposition Park museums, and BMO Stadium, the location offers access to key transportation corridors and transit, including the I-110 and I-10 freeways and Metro E Line service.
Key Highlights
- Newer 8‑unit multifamily property built in 2019 in Los Angeles’ Exposition Park neighborhood
- Approximately 10,887 rentable SF on two parcels totaling 13,776 SF, zoned RD1.5‑1‑CPIO
- All units are 3‑bedroom, 3‑bath with individual metering for gas and electricity
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 | $148.0k | $27.19 |
| − Vacancy | −$1.0k | −$0.19 |
| EGI | $147.0k | $27.00 |
| − OpEx | −$66.2k | −$12.15 |
| NOI | $80.9k | $14.85 |
5,445 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,857 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,348 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newer eight-unit apartment property with individually metered utilities 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 $2,025,000.
What are key features of this property?
This property features: Newer 8‑unit multifamily property built in 2019 in Los Angeles’ Exposition Park neighborhood; Approximately 10,887 rentable SF on two parcels totaling 13,776 SF, zoned RD1.5‑1‑CPIO; All units are 3‑bedroom, 3‑bath with individual metering for gas and electricity
