4215 S Budlong, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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4215 S Budlong
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,602Sq Ft
6,035Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$644,155
8% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $699,000—positioned well below the $644,156 Fair Market Value by -8%. Featuring two separate tenant-occupied residences on a 6,035 SF lot, this Residential Income asset offers immediate cash flow. With a Condition Rating of 4, the property requires modernization, providing a clear path for value-add improvements. Its proximity to USC and Downtown Los Angeles ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a stable, income-producing asset.
Estimated Market Value
$644,155
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4215 S Budlong Subject | $699,000* List Price | 0 | 0 | 1,602 | $402 | - |
A 1323 W 41st Sold | $699,998 | 0 | 0 | 1,807 | $387 | 0.2 mi |
B 1361 W Vernon Avenue Sold | $690,000 | 0 | 0 | 1,892 | $365 | 0.3 mi |
C 1021 W 48th Sold | $720,000 | 5 | 4 | 2,096 | $344 | 0.5 mi |
D 1233 W 38th St Sold | $808,000 | 3 | 3 | 1,666 | $485 | 0.8 mi |
E 1159 W 54th Street Sold | $670,000 | 0 | 0 | 2,144 | $313 | 0.9 mi |
F 1016 W 51st Active | $795,000 List Price | 0 | 0 | 1,752 | $454 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1937, this property is nearly 90 years old. While the exterior appears well-maintained and the units are currently tenant-occupied (confirming livability), the listing description lacks any mention of recent renovations or upgrades to kitchens, bathrooms, or major systems like HVAC and electrical. Given the age and the focus on 'income-producing' potential rather than interior condition, the property is likely dated and will require modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Income Potential
The property features two separate residences (a 2-bedroom and a 1-bedroom unit) on a single lot, providing diversified rental income streams and maximizing the investment's yield.
- Strategic Location
Situated with convenient access to USC, Exposition Park, and Downtown Los Angeles, the property is positioned in a high-demand rental market near major employment hubs and public transportation.
- Immediate Cash Flow
Both units are currently tenant-occupied, allowing an investor to acquire the property with existing income in place from day one, eliminating initial vacancy concerns.
CONSRISKS & DEFICIENCIES
- Regulatory Constraints
Being a multi-unit property in Los Angeles, it is likely subject to local rent control ordinances, which may limit the ability to quickly adjust rents to current market rates.
- Aging Infrastructure
Originally built in 1937, the property may require significant capital expenditures for maintenance or system upgrades common with older structures to remain competitive.
About 4215 S Budlong
Income-producing opportunity featuring two separate tenant-occupied residences on one approximately 6,035 SF lot. The property consists of a 2-bedroom/1-bath residence and a separate 1-bedroom/1-bath residence, providing two rental income streams. Both units are currently occupied, allowing an investor to acquire a property with existing income in place. The property also offers convenient access to Downtown Los Angeles, USC, Exposition Park, major freeways and public transportation. Two separate residences. Two income streams. One investment opportunity.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1937
- Lot Size
- 6,035 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Normandie Avenue Elementary School
Grades K-5 • 0.3 mi
3/10
Menlo Avenue Elementary School
Grades K-5 • 0.4 mi
5/10
Dr. James Edward Jones Primary Center
Grades K-2 • 0.5 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,602 | 2,187.451 |
| Lot Size | 6,035 | 5,841.385 |
| Price | $699.0K | $841.5K |
| Price per sq ft | $436 | $385 |
| Built year | 1937 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 85 |
Pricing History
Listed for Sale
Aug 13, 2026
$699,000
Initial Listing
Sold
Jan 26, 2021
$480,000
Public Record