NOT LISTED FOR SALE

3578 S Budlong Ave Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $1,656,000 - $2,511,929

3 Beds
2 Baths
1,402 Sq Ft
$1,524/Sq Ft Est. Value

Last Sold January 22, 2018

Last sale price $908,500 $648 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $13,920/month

100 Days on Market

About This Home

As of January 2018

Student housing development opportunity just one third of a mile from the University of Southern California in Los Angeles. The offering features a 6,064 square foot lot that is zoned LARD 1.5. Because of it's zoning and lot size, the property could be developed into four units by right (buyer to verify with the city, broker makes no warranties).

The subject property currently features a 1,402 square foot single family house which will be delivered vacant, that contains four bedrooms and two baths. The property will likely not qualify for conventional financing.

3578 S Budlong Avenue is located in a core student housing location west of USC and within the CSC and DPS patrol boundaries. Additionally, it is less than one half mile from the brand new $700-Million mixed use University Village Project. Constructed by USC, the University Village Project offers student housing and over 500,000 square feet of academic spaces, restaurants and major retailers that include Trader Joe's, Target, Bank of America and Starbucks.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/02/2017

Co-Listed By

Dan Lewin

Younglewin Advisors, Inc. License #01932742

Last Buyer's Agent

Dan Lewin

Younglewin Advisors, Inc. License #01932742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,715

Year Built

  • Built in 1907

Lot Details

  • 6,064 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,402 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Listing and Financial Details

  • Tax Lot 018
  • Tax Tract Number 222600
  • Assessor Parcel Number 5040018026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,715

Year Built

Built in 1907

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5040018026
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 648.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6064.00

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2226.00
  • Tax Lot: 018
  • Tax Tract Number: 222600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2020
Sold by
3578 S Budlong Wip Ii Llc
Bought by
Api Usc Holdings I Llc
Current Estimated Value
$2,192,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,072
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2017
Closed on
Dec 29, 2017
Sold by
Dorhan Eric
Bought by
3578 Budlong Wip Ii Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$995,000
Sold Price
$908,500
Premium/Discount to List
-$86,500
-8.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%

Purchase Details

Closed on
Jun 5, 1987
Sold by
Lane Mary H
Bought by
Hawkins Ida
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Api Usc Holdings I Llc $1,803,000 First American Title Ins Co
3578 Budlong Wip Ii Llc $908,500 Ticor Title
Hawkins Ida -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Api Usc Holdings I Llc $13,619,419
Closed Api Usc Holdings I Llc $13,072
Previous Owner Dorhan Lin Eric $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $908,500 -8.7% $648 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $995,000 -- $710 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,715 $1,971,839 $1,476,420 $495,419
2024 $23,715 $1,933,176 $1,447,471 $485,705
2023 $23,258 $1,895,272 $1,419,090 $476,182
2022 $22,179 $1,858,111 $1,391,265 $466,846
2021 $21,900 $1,821,679 $1,363,986 $457,693
2020 $16,919 $1,377,518 $832,218 $545,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    97 Total Sales

    Section Image
  • Dan Lewin

    Seller Co-Listing Agent in 2018

    Dan Lewin

    Younglewin Advisors, Inc.

    (310) 720-7939

    2 in this area

    23 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17226549

California Regional Multiple Listing Service (CRMLS)

APN: 5040-018-032

California Los Angeles County Los Angeles 90007 Exposition Park

3578 S Budlong Ave, Los Angeles, CA

This home is located at 3578 S Budlong Ave, Los Angeles, CA 90007 since 02 October 2017 and is currently estimated at $2,136,982, approximately $1,524 per square foot. This property was built in 1907. 3578 S Budlong Ave is a home located in Los Angeles County with nearby schools including John W. Mack Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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