Property Description

2506 Budlong Ave is an extremely well maintained 5-Unit apartment in the heart of Jefferson Park, just steps from the USC Patrol Zone. These spacious units feature hardwood flooring, high ceilings, and renovated kitchens. Boasting an excellent unit mix of (3) 2-Bed/1-Bath and (2) 1-Bed/1-Bath Units, this partially renovated asset is ideal for any value-add investor with strong going in income. Priced at $267/Sq Ft, this property will come with two tenant ready units and an additional 78% in Rental Upside! With a new roof installed in 2024 and updated Gas and Sewer lines, this asset comes with very minimal maintenance requirements. Once stabilized, 2506 Budlong will operate at 7.17 GRM and a 10.94% pro forma Cap Rate! The subject property boasts a “Walk Score” of 88-Making this a very walkable neighborhood. The subject property is conveniently located in-between Downtown Culver City, Downtown Los Angeles and the city’s metro line. Renters will enjoy the proximity to the 10, 405, and 110 Freeways, making commuting in Los Angeles a breeze. This is an excellent opportunity to acquire an investment property with strong day one income and immense upside.