5116 S Budlong Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
5116 S Budlong Avenue
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 5116 S Budlong Avenue, Los Angeles, California 90037 is currently available with a list price of $950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1927-built fourplex is well-maintained and currently income-generating, but it shows signs of its age and lacks evidence of a recent comprehensive renovation. While the exterior appears solid and the units are functional with desirable features like in-unit laundry hookups, the century-old infrastructure and dated architectural style suggest that systems and finishes likely require minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Value-Add Opportunity
The upstairs 2-bedroom unit will be delivered vacant, providing an ideal opportunity for an owner-occupant or an investor to immediately secure market-rate rental income.
- Stable Income & Lease Flexibility
The property features a reliable tenant base with a history of on-time payments, all currently on month-to-month leases which allows for maximum management flexibility.
- In-Unit Laundry Hookups
All units are equipped with individual laundry hookups, a highly desirable amenity in the Los Angeles rental market that significantly increases tenant retention and property appeal.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1927, the property may require significant capital expenditures for maintenance or upgrades to its century-old plumbing, electrical, and structural systems.
- Limited Parking Ratio
With only two covered parking spaces available for a four-unit building, the lack of a 1:1 parking ratio may be a drawback for prospective tenants in a high-density urban neighborhood.
About 5116 S Budlong Avenue
An excellent opportunity to own a well-maintained, income-generating fourplex in Los Angeles! This property offers four spacious units making it perfect for long-term tenants or short-term rentals. All tenants pay on time and they are month to month. The upstairs unit features a spacious 2-bedroom, 1-bath with a dining area and a large living room and it will be vacant! The downstairs units offer 1 bedroom and 1 bathroom all with individual laundry hookups. Additionally, there are two covered parking spaces available for the residents. Run, don't walk! You don't want to miss this opportunity!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1927
- Lot Size
- 5,522 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Dr. James Edward Jones Primary Center
Grades K-2 • 0.4 mi
Normandie Avenue Elementary School
Grades K-5 • 0.5 mi
Fifty-Second Street Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.5 | 50% |
| Baths | - | 1.0 | 50% |
| Square foot | 3,632 | 2,555.5 | 50% |
| Lot Size | 5,522 | 3,769.5 | 50% |
| Price | $950.0K | $807.5K | 50% |
| Price per sq ft | $262 | $356 | 50% |
| Built year | 1927 | 1968 | 50% |
| HOA | $0 | $58 | 50% |
| Days on market | 4 | 123 | 50% |
Pricing History
Listed for Sale
Mar 2, 2026
$950,000
Initial Listing
Sold
May 12, 2017
$635,000
Public Record
Sold
Feb 20, 2004
$289,000
Public Record
Sold
Sep 13, 2001
$191,000
Public Record