2871 Budau Avenue 2, El Sereno, California 90032, El Sereno, 90032 - 0 bed, 0 bath
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El Sereno, California 90032
This Versatile Income Property presents a Strong Value Opportunity with a List Price of $950,000, reflecting a stable entry point at its $950,000 Fair Market Value. The property features a Condition Rating of 4, boasting a vacant front unit with Hardwood Floors and Quartz Countertops, plus a rear unit with Granite Counters. Located in the high-demand El Sereno area near Cal State LA and USC Medical, the asset includes Gated Parking and a private Patio. It is a strategic choice for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2871 Budau Avenue 2 Subject | $950,000* List Price | 0 | 0 | 1,783 | $533 | - |
A 5141 Oakland Sold | $750,000 | 4 | 3 | 1,764 | $425 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this property is well-maintained and has received some updates, such as quartz countertops and a stainless-steel range hood in the front unit kitchen, and granite counters in the rear unit kitchen, along with hardwood flooring in living areas. However, both bathrooms feature dated fixtures and tiling (e.g., green tiled counter in front unit, classic terrazzo in rear unit), and the rear unit kitchen cabinets are older. A significant factor is the absence of central air conditioning, with portable and window units visible, indicating a need for a major system update for modern comfort. While functional and livable, the property shows clear signs of being aged with components that are outdated in style and technology, requiring minor to moderate updates to meet current standards.
This well-maintained income property features a vacant front unit, offering immediate rental income or owner-occupancy flexibility, supported by strong market rent estimates of $3,200-$3,400/month for the front unit.
Located in the desirable El Sereno, the property offers excellent accessibility to the 710 and 10 freeways, Cal State LA, USC Medical Center, Downtown LA, Chinatown, and Old Town Pasadena, appealing to commuters and urban dwellers.
The duplex configuration is ideal for various needs, including multi-generational living, owner-occupancy with rental income, or a pure investment property, broadening its market appeal.
Built in 1952, while described as well-maintained, the property's age suggests potential for outdated major systems (e.g., plumbing, electrical, HVAC) that may require future investment, as comprehensive upgrades are not specified.
The description mentions ceiling fans but no central cooling system, which could be a significant comfort drawback and a competitive disadvantage in Los Angeles' warm climate.
The property does not offer any notable scenic views, which can be a missed opportunity for added value and appeal in the Los Angeles real estate market.
Discover this well-maintained income property in the desirable City of El Sereno—perfect for the commuting professional, multi-generational living or rental income. Front Unit (3 Bed / 1 Bath) Bright and inviting, featuring hardwood floors, mirrored closets, and ceiling fans throughout. One bedroom opens to a private patio/carport area. The kitchen offers quartz countertops, a stainless-steel range hood, and in-unit laundry hookups. Gated parking adds convenience. Potential market rents between $3,200 and $3,400 per month. Rear Unit (2 Bed / 1 Bath) Cozy and well-lit with granite counters, ceiling fans, and space for a breakfast table. The bathroom highlights classic terrazzo flooring and accents. Laundry hookups are located under a covered patio. Gated parking for two vehicles. Location Centrally located near the 710 and 10 freeways, Cal State LA, and USC Medical Center. Just minutes to Downtown LA, Chinatown, and Old Town Pasadena. This versatile property combines comfort, convenience, and strong income potential—an excellent investment opportunity in one of Los Angeles’ most vibrant communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,783 | 1,558 | 86% |
| Lot Size | 4,792 | 6,306 | 14% |
| Price | $950.0K | $705.0K | 86% |
| Price per sq ft | $533 | $463 | 57% |
| Built year | 1952 | 1938 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 366 | 244 | 0% |
Apr 21, 2025
$950,000
Initial Listing