3913 S Budlong Avenue, Los Angeles, California 90037, Los Angeles, 90037 - 6 bed, 5 bath

3913 S Budlong Avenue, Los Angeles, California 90037 home-pic-0
ACTIVE UNDER CONTRACT$1,609,000
3913 S Budlong Avenue, Los Angeles, California 90037
6Beds
5Baths
3,690Sqft
10,435Lot
Year Built
1912
Close
-
List price
$1.61M
Original List price
$1.61M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
IV25007837
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.61M(96th), sqft - 3690(70th), beds - 6(83th), baths - 5(91th).

Investor's Dream – VACANT Three Separate Homes on a Huge Lot in an Opportunity Zone! Centrally located property featuring three separate homes on a lot with a spacious lot size of approximately 0.24 acres (10,428 square feet) and a total living space of 3,690 square feet. This triplex includes 6 bedrooms and 5 bathrooms, making it ideal for multiple tenants or multi-generational living. Located in close proximity to USC, Downtown Los Angeles, the Exposition Metro Line, BMO Stadium, and the Los Angeles Memorial Coliseum, this property offers prime rental potential in a high-demand area. With the 2028 Los Angeles Olympics just around the corner, this location will be at the center of the action, further increasing demand and investment opportunities. Whether you're an investor looking to maximize rental income or a USC parent seeking a long-term housing solution with passive income potential, this property is a must-see. Situated in a desirable Opportunity Zone. Keep the triplex as is or explore the endless possibilities. Location, opportunity, and potential.

Price History

Date
Event
Price
02/21/25
Sold
$1,635,000
05/19/22
Sold
$1,610,000
Condition Rating
Fair

The property was built in 1912 and consists of three separate homes. The images show that the kitchens and bathrooms are outdated and require updates. While the property appears to be maintained, it has not undergone major renovations recently. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Investment Opportunity: Three separate homes on a large lot in an Opportunity Zone presents significant potential for rental income and future appreciation.
Prime Location: Close proximity to USC, Downtown Los Angeles, the Exposition Metro Line, BMO Stadium, and the Los Angeles Memorial Coliseum enhances rental appeal.
Large Lot Size: The expansive 10,428 sqft lot offers possibilities for expansion or redevelopment, increasing long-term value.

Cons

Age of Property: Built in 1912, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Active Under Contract: The property's 'Active Under Contract' status indicates a pending sale, which may deter some potential buyers.

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