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11718 S Budlong Ave

West Athens CA 90044

16
16
16
8128 sq. ft.
12709 sq. ft.
Other
Currently for sale - view listing

Overview

This property is part of a rare opportunity to acquire a 4 building, 52-unit portfolio in South Los Angeles. This property is a very well-kept, updated and professionally managed 16-unit asset with all large & open 1 Bed/1 Bath units that has on-site parking for tenants. Low operating expenses as tenants pay for gas, electricity and trash. 5 units have just finished remodels and are now on the rental market and market rent ready. The location is family friendly for tenants being walking distance to Vista Point Community Park & Chester Washington Golf Course, and very mobile being just blocks to/from the 105 freeway and minutes to/from the 110 freeway. The portfolio purchase features an in-place 8.76x GRM and 7.56% cap rate, and all properties are late 1950's construction assets with parking for tenants, and a unit mix of (36) 1 Bed/1 Bath & (16) 2 Bed/1 Bath units -- NO studios, bachelors or singles! This property is located two doors away from two of the portfolio assets which provides a rare opportunity of large lot assemblage.

Features

16 bedrooms
16 bathrooms
16 carspaces
8128 sq. ft. floor area
12709 sq. ft. lot size
Other

Property history for 11718 S Budlong Ave

2015
Sold
Undisclosed
24 Nov 2015

Happy sellers in West Athens

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Local market activity for 16 bedroom other properties in West Athens

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