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Listed by: Billy Rojas (310) 486-2328 DRE #01395544 | Ashby & Graff (310) 856-9153
$1,850,000
Monthly Est:$9,208
-- Bed
16 Baths
8,062sqft
2327 S Budlong Ave, Los Angeles, CA 90007
$1,850,000
$9,208/moEst:
Get Pre-Approved
Multi Family
Built in 1911
$-- HOA
6,801 sqft lot
$229/sq.ft
Description
RENTAL INCOME: $187,968.00 per year / $15,664.00 per month. Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $115,625.00 cost per unit and $229.47 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 6.04 % / CURRENT GRM 9.8 PRO FORMA CAP RATE 11.49 % / PRO FORMA GRM 6.4
- Houzeo last checked: 12 hours ago
- Listing updated: February 27, 2026 at 8:18 am
- Source: California Regional MLS-CA | MLS#: 26653611
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1911
HOA Fees
-
Finished Area
8,062 sqft
Lot Size
6,801 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26653611
MLS Status
Active
Days on Market
235
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 16
Interior
Appliances
Dishwasher, Refrigerator
Heating
Floor Furnace
Utilities & Energy
Security Features
Resident Manager
Laundry Features
Common Area
Parking Features
None
Other Features
Lot Features
Corners Marked
Tenant Pays
Cable Tv, Electricity, Gas
Disclosures
Familial Relation
Price History
| Date | Event | Price |
|---|---|---|
02/19/2026 Source: | Listed for Sale | $1,850,000 -2.63% $229/sqft |
02/11/2025 Source: | Price Decreased | $1,900,000 -7.32% $236/sqft |
03/16/2024 Source: | Off Market | $2,050,000 $254/sqft |
Getting Around 2327 S Budlong Ave
Bike Score®
Bikeable
62/100
Walk Score®
Very Walkable
85/100
Transit Score®
Good Transit
63/100
Data provided by Redfin
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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