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    11420 S Budlong Avenue

    Athens, CA 90044
    • $1,265,000
    • STATUS: CONTINGENT
    • ON SITE: 42 days
    • ID#: 302981388
    Under Contract
    UPDATED: 83 min ago
    $1,265,000
    • 3
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers); and a mere 12-minute local drive without traffic to LAX. 11420 South Budlong Ave features one building with six three-bedroom one-bathroom units that are per title two-bedroom one-bath. The non-conforming third bedrooms all possess a separate window and a closet. Because 11420 South Budlong Avenue is in an opportunity zone, an investor may be eligible for significant tax benefits. This offering presents an investor the opportunity to acquire an asset with a strong unit mix and huge potential upside in rents. The building boasts a brand-new roof that was installed in 2019, and most units feature ceramic tile flooring throughout. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. The units are also separately metered for gas and electricity.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/112568670
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    11420 S Budlong Avenue Athens, CA 90044

    • Price: $1,265,000
    • Status: CONTINGENT
    • Updated: 83 min ago
    • ID#: 302981388
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    Los Angeles (90044)
    County:
    Los Angeles
    Area:
    Los Angeles (90044)
    Property Description
    The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA The Colombo Group of Lyon Stahl is pleased to present 11420 South Budlong Ave, Los Angeles, CA 90044. Built in 1965, this 6-unit apartment building totals 5,100 rentable SF located in the South Los Angeles unincorporated area within walking distance to grocery stores, restaurants and shops; easy access to I-105 and I-110; adjacent to Los Angeles Southwest College and Crenshaw Imperial Plaza; about 3 miles to the new Clippers Arena (targeted for completion by fall of 2024) and SoFi Stadium (home of the LA Rams and LA Chargers); and a mere 12-minute local drive without traffic to LAX. 11420 South Budlong Ave features one building with six three-bedroom one-bathroom units that are per title two-bedroom one-bath. The non-conforming third bedrooms all possess a separate window and a closet. Because 11420 South Budlong Avenue is in an opportunity zone, an investor may be eligible for significant tax benefits. This offering presents an investor the opportunity to acquire an asset with a strong unit mix and huge potential upside in rents. The building boasts a brand-new roof that was installed in 2019, and most units feature ceramic tile flooring throughout. Additionally, the property offers 11 parking spaces: eight carport, one garage and two surface. The units are also separately metered for gas and electricity.
    Exterior Features

    Pool N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 1

    Property Features

    Actual Cap Rate 4.53 Annual Expense Actual 35799 Buildings 1 Gross Rent Multiplier Actual 13.18 Gross Scheduled Income Actual 96000 Terms Exchange Unit Number For Unit1 1 Unit1 Rent Actual 1333.0 Zoning Public Rec

    Listing provided courtesy of Lyon Stahl Investment Real Est. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130