2019-Built Eight-Unit
For Sale
$2,025,000
3944 South Budlong Avenue, Los Angeles, CA 90037
2019 construction eight-unit property with individually metered gas and electricity and tenant-paid water, trash, gas, and electricity.
Property Size5,445 SF
Lot Size0.32 Acres
Price / SF$371.90
Days on Market240
Property Features for 3944 South Budlong Avenue
General Information
Standard status
Active
Size
5,445 SF
Total Parking Spaces
8
Lot size
0.32 Acres
Property subtype
Residential Income
Zoning
LARD1.5
Net Operating Income
$276,309
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
8
Amenities
Two
Central
Washer Included
Laminate
Dishwasher, Garbage Disposal, Microwave, Refrigerator, Electric Dryer Hookup, Washer
No
Building Details
Year Built
2019
Buildings
2
Stories
2
Units
4
Listing Agency:
Compass
Listed By:
John Swartz · License #01873487
(310) 779-9929
Source:
Compass
Added: Feb 15
Changed: Oct 10
Last Checked: Oct 12 at 9:58PM
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
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.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,192
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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Market
Vacancy Rate% for Multifamily in West region
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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 South Budlong Avenue 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: 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
