5116 S Budlong Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$925,000
5116 S Budlong Avenue, Los Angeles, California 90037
0Bed
0Bath
3,632Sqft
5,522Lot
Year Built
1927
Close
-
List price
$925K
Original List price
$980K
Price/Sqft
$255
HOA
-
Days on market
-
Sold On
-
MLS number
SR24215187
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $925.0K(50th), sqft - 3632(50th), beds - undefined(50th), baths - undefined(50th).
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. 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!
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.5mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.6mi
2/10
Western Avenue Elementary School
Public,•K-5•0.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.9mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.6mi
3/10
Trinity Street Elementary School
Public,•K-5•1.8mi
/10
Maple Primary Center
Public,•K-1•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
2/10
John Muir Middle School
Public,•6-8•0.7mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.9mi
1/10
Horace Mann Junior High School
Public,•6-8•1.6mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.7mi
5/10
Santee Education Complex
Public,•9-12•3.0mi
Price History
Date
Event
Price
05/12/17
Sold
$635,000
02/20/04
Sold
$289,000
09/13/01
Sold
$191,000
Condition Rating
Fair
The property was built in 1927 and described as well-maintained, suggesting regular upkeep but likely outdated features. The description mentions individual laundry hookups, which is a plus, but doesn't indicate any recent major renovations to the kitchens or bathrooms. Given the age, it likely requires minor updates or repairs to bring it up to modern standards.
Pros & Cons
Pros
Income Potential: The property is a fourplex, offering significant income-generating potential through long-term or short-term rentals.
Well-Maintained: The property is described as well-maintained, suggesting lower immediate repair costs and higher tenant appeal.
Laundry Hookups: Each downstairs unit has individual laundry hookups, a desirable amenity for tenants.
Cons
Month-to-Month Leases: All tenants are on month-to-month leases, which could lead to higher tenant turnover and income instability.
Year Built: Built in 1927, the property may require updates to meet modern standards and could have potential maintenance issues associated with older buildings.