2327 S Budlong Ave, Los Angeles, CA, 90007
About This Home
RENTAL INCOME: $187,968.00 per year / $15,664.00 per month. Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $115,625.00 cost per unit and $229.47 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 6.04 % / CURRENT GRM 9.8 PRO FORMA CAP RATE 11.49 % / PRO FORMA GRM 6.4
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1911
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range/Oven,Refrigerator,Central Water Heater
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bathrooms: 16
Features
- Built-Ins
Heating & Cooling
- Heating features: Floor Furnace
- Cooling features: Window Unit(s),Ceiling Fan(s)
Interior Area
- Total structure area: 8,062
- Total interior livable area: 8,062 sqft
Property
Details
- Zoning: LAR2
- Special condition: Standard
- Other equipment: Cable
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 6,799 sqft
- Features: Corners Established,Corner Lot
- Lot size dimensions: 50 x 135
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,354 | $112,248 |
| Home Insurance * | $443 | $5,316 |
| Property Taxes | $1,032 | $12,384 |
| Electricity | $1,728 | $20,745 |
| Total | $12,557 | $150,684 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-19 | Listed for sale | $1,850,000 |
| 2025-11-10 | Listing removed | $1,900,000 |
| 2025-02-11 | Listed for sale | $1,900,000 |
| 2024-08-05 | Listing removed | $2,050,000 |
| 2024-08-05 | Price change | $2,050,000 |
| 2024-03-17 | Listed for sale | $2,350,000 |
| 2022-09-20 | Listing removed | -- |
| 2022-07-18 | Listed for sale | $2,500,000 |
| 2022-06-07 | Contingent | $2,500,000 |
| 2021-09-20 | Listed for sale | $2,500,000 |
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