2928 Budlong Avenue, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,660,000
2928 Budlong Avenue, Los Angeles, California 90007
0Bed
0Bath
3,554Sqft
10,009Lot
Year Built
1930
Close
-
List price
$1.66M
Original List price
$166M
Price/Sqft
$467
HOA
-
Days on market
-
Sold On
-
MLS number
WS25199679
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.66M(80th), sqft - 3554(40th), beds - undefined(50th), baths - undefined(50th).
Excellent location near USC, great investment property, to live in the property or keep it as a rental income, front house 7 bedrooms and 3 bathrooms, back building contain upstairs 1 bedroom 1 bathroom downstairs n 1 bedroom 1 bathroom, total square foot on both buildings 3554, huge lot size 10,009 square foot, parking spaces about 6 or more cars. seller is selling subject to find the property of his choice and both escrows to close concurrently,
Price History
Date
Event
Price
09/05/25
Price Change
$1,660,000
09/04/25
Listing
$166,000,000
Condition Rating
Poor
Built in 1930, this property is 94 years old. The listing description provides no details about any renovations or updates, and crucially, there are no interior images to assess the condition of the kitchen, bathrooms, flooring, or major systems. Given its age and the lack of renovation information, it is highly probable that the kitchens and bathrooms are severely outdated in style, features, and functionality, requiring substantial repairs and rehabilitation. Major systems like electrical, plumbing, and HVAC are likely original or very old, necessitating significant upgrades to meet modern safety and efficiency standards. While the exterior appears maintained, the overall condition, particularly for interior components, suggests a need for considerable investment to bring the property up to contemporary living standards.
Pros & Cons
Pros
Prime Investment Location: Excellent location near USC, ensuring high rental demand and potential for strong appreciation in a desirable Los Angeles neighborhood.
Significant Income Potential: Configured as a triplex with a total of 9 bedrooms and 5 bathrooms across multiple units, offering substantial rental income opportunities.
Large Lot Size: A generous 10,009 square foot lot provides ample outdoor space, potential for future expansion, or enhanced property value.
Ample Parking: The property offers parking spaces for 6 or more cars, a significant advantage in a dense urban environment like Los Angeles, enhancing tenant appeal.
Versatile Property Use: Suitable for owner-occupancy with supplemental rental income, or as a pure investment property, offering flexibility to various buyer profiles.
Cons
Age and Potential for Deferred Maintenance: Built in 1930, the property is likely to require significant capital expenditure for updates, repairs, and modernization to meet current market expectations and maximize rental value.
Contingent Sale Clause: The seller's condition of finding a replacement property and requiring concurrent closings introduces uncertainty and potential delays for the buyer, complicating the transaction.
High Bedroom Count in Main House: The front house's 7-bedroom, 3-bathroom configuration is atypical for standard family rentals and may necessitate specific tenant demographics (e.g., student housing, shared living) which can present unique management challenges.