2019 Eight-Unit Apartment
For Sale
$2,025,000
3944 S Budlong Ave, Los Angeles, CA 90037
Residential Income, Los Angeles, CA
Property Size5,445 SF
Lot Size0.16 Acres
Price / SF$371.90
Days on Market223
Property Features for 3944 S Budlong Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
12
Bathrooms
12
Full bathrooms
3
Rooms
Bathroom 9, Bathroom 2, Bedroom 11, Bedroom 5, Bedroom 10, Bathroom 3, Bathroom 6, Bedroom 7, Bathroom 11, Bathroom 8, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 5, Bathroom 7, Bathroom 10, Bedroom 8, Bedroom 12, Bedroom 6, Bedroom 9, Bathroom 12, Bedroom 2, Bathroom 1, Bedroom 1
Parking
8
Parking features
Driveway
Directions
Located on South Budlong Ave between w 39th Pl and Leighton Ave.
Subdivision
Los Angeles Southwest
Standard status
Active
APN
5037-021-026
Size
5,445 SF
Lot size
0.16 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
2
Number of units
4
Flooring type
Laminate
Listing Agency:
Compass
(310) 230-5478
Listed By:
John Swartz · License #01873487
(310) 779-9929
Added: Mar 18
Changed: Oct 18
Last Checked: Oct 26 at 4:06AM
MLS# 26665109
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.
Built in 2019, this multifamily property contains eight apartment units, each configured with three bedrooms and three bathrooms. The units feature laminate flooring, central heating and cooling, tankless water heaters, and separate gas and electric metering. Tenants are responsible for water, trash, gas, and electricity expenses, while the property is subject to the Los Angeles Rent Stabilization Ordinance.
The offering includes 3944 S Budlong Ave and 1135 Leighton Avenue, which must be acquired together. The properties are located in Exposition Park near the University of Southern California, the California Science Center, Exposition Park museums, BMO Stadium, and USC Village. Regional access includes the I-110 and I-10 freeways and the Metro E Line, with connectivity to Downtown Los Angeles and the Westside.
The offering includes 3944 S Budlong Ave and 1135 Leighton Avenue, which must be acquired together. The properties are located in Exposition Park near the University of Southern California, the California Science Center, Exposition Park museums, BMO Stadium, and USC Village. Regional access includes the I-110 and I-10 freeways and the Metro E Line, with connectivity to Downtown Los Angeles and the Westside.
Key Highlights
- Eight three‑bedroom, three‑bathroom apartment units
- Constructed in 2019
- Separate gas and electric metering for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,857
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,617,140
$1.6M
Cap Rate 7%
$1,155,100
$1.2M
Cap Rate 9%
$898,411
$898.4K
Market Conditions
NOI Build-Up for 5,445 SF
Gross rent
$148.0K $27.19/SF
− Vacancy
−$1.0K −$0.19/SF
EGI
$147.0K $27.00/SF
− OpEx
−$66.2K −$12.15/SF
NOI
$80.9K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,617,140
Cap Rate 7%
$1,155,100
Cap Rate 9%
$898,411
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern multifamily property with individually metered apartments and tenant-paid utilities in Exposition Park.
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: Eight three‑bedroom, three‑bathroom apartment units; Constructed in 2019; Separate gas and electric metering for each unit
