NOT LISTED FOR SALE

2922 S Budlong Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood
3 Beds
2 Baths
7,923 Sq Ft
8,712 Sq Ft Lot

Last Sold January 11, 2022

Last sale price $2,700,000 $341 Per Sq Ft

About This Home

We are pleased to present the Price Reduced, 10 Unit Building at 2922 S Budlong. Cap Rate of 4.5% on actual income and the property cash flow's well with a gross income of $16,453/month. Located within walking distance from USC Campus and University Village. The property consists of four 2 bedrooms/1 bath, three 2 bedroom/2 baths, two 1 bedroom/1 bath and a 3 bedroom/3 bathroom unit. Current ownership has extensively remodeled four of the ten units ground up with new kitchens, new appliances, new bathrooms, new flooring and new lighting. The remodeled units are achieving premium rents. Value-add potential for a new owner to continue renovating the remaining six units to achieve superior returns. +/- 48.31% upside in rents. Located in the DPS Patrol Zone. The Property is Separately Metered for Gas, Electric.

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2022 01/11/22 Sold $2,700,000 -5.3% $341 / Sq Ft View Prior Sale
12/27/2021 12/27/21 Pending -- -- --
11/05/2021 11/05/21 Price Changed $2,850,000 -4.8% $360 / Sq Ft
10/19/2021 10/19/21 For Sale $2,995,000 +53.2% $378 / Sq Ft
01/25/2019 01/25/19 Sold $1,955,000 -20.2% $247 / Sq Ft View Prior Sale
12/19/2018 12/19/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $2,450,000 -- $309 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anie Mayelian

    Seller's Agent in 2022

    Anie Mayelian

    Keller Williams Realty Calabasas

    (818) 915-9118

    1 in this area

    29 Total Sales

    Anie Mayelian
    Section Image

  • L

    Seller's Agent in 2019

    Lewie Zettell

    Westside Properties

  • D

    Buyer's Agent in 2019

    Delimiro Ceja Gomez

    Century 21 Diamond

See All Agents

Map

California Los Angeles County Los Angeles 90007 Adams-Normandie

2922 S Budlong Ave, Los Angeles, CA

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