NOT LISTED FOR SALE

4348 S Budlong Ave Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated Value: $1,002,949

3 Beds
3 Baths
4,454 Sq Ft
$225/Sq Ft Est. Value

Sale Details

Date Sold: April 5, 2023

Last sale price $900,000 $202 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,499 / mo

63 Days on Market

About This Home

As of April 2023

A value-add, mixed-use property at the signalized, northeast corner of Vernon Avenue and Budlong Avenue near USC and Exposition Park. The offering consists of two separate buildings, a market with a beer & wine license and a beauty salon in the Vernon Avenue building, and a Spanish architectural style duplex on Budlong Avenue with two 3 bedroom 1 bath units. All units are one month to month leases with significant rental upside. An owner-user seeking to occupy the retail portion can obtain up to 75% conventional commercial financing, with still historically low interest rates fixed for 20 years.

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 01/18/2023

Last Buyer's Agent

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 01/18/2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 5,001

Parking

  • 2 Car Garage

Interior Spaces

  • 4,454 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,001 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5020-023-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

5,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4454
  • Lot Acreage: 0.1148
  • Stories: 2
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 223.39

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 37.50
  • Assessed Improvement Value: 182016
  • Assessed Land Percent: 62.5
  • Assessed Land Value: 303366
  • Total Assessed Value: 485382
  • Assessor Parcel Number: 5020-023-020
  • Lot Size Area: 5001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 4
  • Type Of Units: Mixed Use

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Mar 27, 2023
Sold by
Bought by
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
Darin Spillman
Kidder Mathews of California, Inc.
List Price
$995,000
Sold Price
$900,000
Premium/Discount to List
-$95,000
-9.55%
Views
19
Current Estimated Value
$1,002,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,949
Avg. Annual Appreciation
3.31%

Purchase Details

Closed on
Jun 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Vermont Square, CA

  • Rudy Kusuma Real Estate Agent - LPT Realty, Inc

    Rudy Kusuma

    LPT Realty, Inc

    (916) 249-4078

    153 Total Sales

    2 in Vermont Square

    $530,000 Price Range

    Rudy Kusuma
     Section Image
  • 'Vic' Vartan Markarian Real Estate Agent - Markarian Realty

    'Vic' Vartan Markarian

    Markarian Realty

    (626) 240-5877

    116 Total Sales

    1 in Vermont Square

    $785,000 Price

    'Vic' Vartan Markarian
     Section Image
  • Harry Eaves Real Estate Agent - Keller Williams Coastal Prop.

    Harry Eaves

    Keller Williams Coastal Prop.

    (669) 208-7941

    31 Total Sales

    1 in Vermont Square

    $650,000 Price

    Harry Eaves
     Section Image
  • Linda Ojeda Real Estate Agent - Luxury Collective

    Linda Ojeda

    Luxury Collective

    (424) 372-0165

    111 Total Sales

    2 in Vermont Square

    $722,000 Price Range

    Linda Ojeda
     Section Image
  • Mike Chou Real Estate Agent - K.W. EXECUTIVE

    Mike Chou

    K.W. EXECUTIVE

    (626) 653-4295

    172 Total Sales

    1 in Vermont Square

    $725,000 Price

    Mike Chou
     Section Image
  • Erica Walden Real Estate Agent - Compass

    Erica Walden

    Responds Quickly

    Compass

    (424) 372-0972

    39 Total Sales

    1 in Vermont Square

    $2,075,000 Price

    Erica Walden
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title
$900,000 Lawyers Title Company
$318,656 Chicago Title
-- None Available
$400,000 Fidelity National Title Co
-- Fidelity
$215,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $215,000
Previous Owner $256,000
Previous Owner $36,000
Previous Owner $220,000
Previous Owner $20,000
Previous Owner $152,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $900,000 -9.5% $202 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $995,000 +10.6% $223 / Sq Ft
02/28/2023 02/28/23 Off Market $900,000 -- --
01/18/2023 01/18/23 For Sale $995,000 -- $223 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,848 $936,360 $728,280 $208,080
2024 $11,672 $918,000 $714,000 $204,000
2023 $6,601 $495,089 $309,433 $185,656
2022 $6,316 $485,382 $303,366 $182,016
2021 $6,214 $475,866 $297,418 $178,448
2020 $6,269 $470,988 $294,369 $176,619
2019 $6,039 $461,754 $288,598 $173,156
2018 $5,920 $452,701 $282,940 $169,761
2016 $5,625 $435,124 $271,954 $163,170
2015 $5,548 $428,589 $267,869 $160,720
2014 $5,578 $420,194 $262,622 $157,572
Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman Real Estate Agent - Kidder Mathews of California, Inc.

    Seller's Agent in 2023

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    2 in this area

    19 Total Sales

    Darin Spillman
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Map

Source: The MLS

MLS Number: 23-233687

The MLS

APN: 5020-023-020

California Los Angeles County Los Angeles 90037 Vermont Square

4348 S Budlong Ave, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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