2823 Budau Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 0 bed, 0 bath
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Los Angeles, California 90032
This Value-Add Investor Asset is listed at $775,000, aligning with its $770,494 Fair Market Value. Carrying a Condition Rating of 4, the property offers significant upside through its unique Street-to-Street Lot and Converted Garage, which provides immediate Income Generation Potential as a studio with a kitchenette and private entry. While the "Cash Only" requirement reflects the need for modernization, the 2019 roof and proximity to Cal State LA ensure long-term desirability. This is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2823 Budau Avenue Subject | $775,000* List Price | 0 | 0 | 1,130 | $686 | - |
A 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.5 mi |
B 5436 5436 Norwich Sold | $850,000 | 3 | 2 | 1,370 | $620 | 0.7 mi |
C 2417 Richelieu Avenue Sold | $750,000 | 3 | 1 | 947 | $792 | 0.6 mi |
D 5377 Oakland Sold | $754,000 | 2 | 1 | 1,253 | $602 | 1.0 mi |
E 5437 Norwich Avenue Sold | $829,000 | 2 | 1 | 1,206 | $687 | 0.7 mi |
F 2916 Vaquero Sold | $790,000 | 3 | 2 | 1,342 | $589 | 0.3 mi |
G 2334 Highbury Active | $848,000 List Price | 3 | 2 | 1,030 | $823 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1948 build that shows signs of regular upkeep but remains significantly outdated. While it benefits from a newer roof (2019), recessed lighting, and decent hardwood flooring in some areas, the kitchen features dated oak cabinetry and older appliances. The bathrooms and the converted garage unit show aged tiling and fixtures consistent with a home that has not had a major renovation in over 15-20 years. The 'Cash Only' requirement and investor-focused description suggest the property may have deferred maintenance or unpermitted work that prevents traditional financing, aligning with the 'Fair' condition criteria.
The unique lot configuration provides dual access from Budau Avenue and Ballard Street, offering enhanced privacy and separate entry points for the main residence and the rear unit.
The property features a converted garage studio with a kitchenette and bathroom, providing an immediate opportunity for rental income or a guest suite with its own parking.
Situated in the high-demand El Sereno area near Cal State LA and Alhambra, the property is ideally positioned for consistent rental demand and long-term value growth.
The 'Cash Only' sale requirement significantly restricts the buyer pool by excluding traditional mortgage-backed buyers and those utilizing low-down-payment programs.
The investor-focused 'as-is' nature and the mention of a converted garage suggest potential unpermitted work or deferred maintenance that may require substantial capital improvement.
CALLING ALL INVESTORS! CASH ONLY SALE. Located in the HIGHLY DESIRED AREA of EL SERENO, just a couple miles from Cal State University and around the corner from Alhambra, you'll find this unique opportunity to own a property that extends from one street to the next. The front of the home faces Budau Avenue and the back of the home where the garage is located has entry directly from Ballard St. **********UNIT 1: The main home welcomes you with 3 bedrooms, 2 full baths, oak wood cabinets in the kitchen, NEW ROOF installed in 2019 and recessed lighting. *********** 2ND UNIT is the Converted Garage: ADU possibility as the garage has already been converted into living space ~ The studio has its full bathroom, kitchenette, and sleeping area. The converted garage also has its own adjacent uncovered parking area with direct access from Ballard. The property sits on a tri-level lot with each area gated for safety. Fruit Trees: Grape, banana, orange, green lemons. There is an additional half bath on the 2nd level
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 1,130 | 1,236 | 34% |
| Lot Size | 4,798 | 5,420 | 26% |
| Price | $775.0K | $868.0K | 35% |
| Price per sq ft | $686 | $688 | 48% |
| Built year | 1948 | 1940 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 325 | 172 | 0% |
Jun 12, 2025
$775,000
Initial Listing
Dec 7, 1994
$142,000
Public Record