Los Angeles CA home offered at $995,000
Call Lisa DiNoto Group at (909)921-2544 to see this home.
4348
S
Budlong Avenue,
Los Angeles,
California
CA
90037-2319
Sold For: $900,000
Listing ID: 23233687
Price/SqFt:
$223.39
Status:
Closed
Sold Date:
4/05/2023
SqFt:
4,454
Sq Ft
Acres:
0.115
Acres
Year Built:
1979
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.
Primary Features
County:
Los Angeles
Price/SqFt:
223.39
Property Type:
Residential Income
Year Built:
1979
Zoning:
LAC2
Interior
Cooling:
no
Cooling Type:
None
Heating:
yes
Heating Type:
Wall Furnace
Stories Total:
2
External
Lot Size Area:
5001
Lot Size Source:
Assessor
Lot Size Square Feet:
5001
Number Of Buildings:
2
Parking:
yes
Parking Features:
Garage - Two Door
Parking Total:
2
Location
Country:
US
MLS Area Major:
C34 - Los Angeles Southwest
Additional
Association:
no
Days On Market:
61
List Agent State License:
01366902
List Office State License:
01946490
Lot Size Units:
Square Feet
New Construction:
no
Number Of Units Total:
4
Parcel Number:
5020023020
Senior Community:
no
Year Built Source:
Assessor
Financial
Cap Rate:
5.7
Gross Multiplier:
17
Gross Operating Income:
81408
Net Operating Income:
56371
Special Listing Conditions:
Standard
Total Expenses:
25037
Zoning Info
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 04:13:01 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Thursday, April 18th, 2024 04:13:01 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Contact - Listing ID 23233687
Lisa DiNoto
9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544
Data services provided by IDX Broker
