Remodeled Residential Income Corner
For Sale
$1,250,000
4501 S Budlong Ave, Los Angeles, CA 90037
MULTI_FAMILY - Los Angeles, CA
Property Size3,393 SF
Lot Size0.18 Acres
Price / SF$368.41
Days on Market47
Property Features for 4501 S Budlong Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR1
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 10, Bedroom 8, Bedroom 6, Bedroom 9, Bedroom 7, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Parking
6
Parking features
Gated
Directions
4501 S. Budlong Avenue | Los Angeles, CA 90037
Subdivision
Los Angeles Southwest
Standard status
Active
APN
5017-015-001
Size
3,393 SF
Lot size
0.18 Acres
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
1912
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Architectural style
Craftsman
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Added: Jun 20
Changed: Aug 3
Last Checked: Aug 5 at 12:06PM
MLS# 26850291
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.
Investment Insights
Based on property information with market context.
This remodeled Craftsman residence offers 10 bedrooms and 4 bathrooms, with updates completed in 2025. The interior features quartz countertops, stainless steel appliances, vinyl plank flooring, and in-unit washer and dryer, with individual mini-split systems in every bedroom. Each bedroom is currently rented individually, supporting a stated total gross monthly income of $12,000. The home is situated on a corner lot, and includes a spacious backyard and a detached shed at the rear of the property.
The property is located in Los Angeles, with proximity described to the University of Southern California, Exposition Park, the Natural History Museum, the California Science Center, and BMO Stadium, along with nearby access to the Metro Expo Line, Downtown Los Angeles, and major freeways.
With a multi-bedroom configuration designed for individual occupancy and in-place income, this turn-key offering also provides an opportunity noted in the marketing materials to construct an ADU using the detached shed area.
The property is located in Los Angeles, with proximity described to the University of Southern California, Exposition Park, the Natural History Museum, the California Science Center, and BMO Stadium, along with nearby access to the Metro Expo Line, Downtown Los Angeles, and major freeways.
With a multi-bedroom configuration designed for individual occupancy and in-place income, this turn-key offering also provides an opportunity noted in the marketing materials to construct an ADU using the detached shed area.
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 | $92.3k | $27.19 |
| − Vacancy | −$646 | −$0.19 |
| EGI | $91.6k | $27.00 |
| − OpEx | −$41.2k | −$12.15 |
| NOI | $50.4k | $14.85 |
3,393 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$719.8K
$629.8K – $839.8K
NOI $50,385 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,065 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,186
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Fully updated 10-bedroom home with in-unit laundry and mini-split heating in each bedroom, rented individually.
Where is this single family property located?
The property is located at 4501 S Budlong Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
