2639 S Budlong Ave

Adams Normandie, Los Angeles, CA 90007

Multi Family Townhouse


Bachir Oueida
  • Licensed Real Estate Salesperson
  • DRE #: 00936311
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

Excellent cash-flowing Student Housing investment grossing $180,078 in rent annually. Actual current Cap Rate at a stunning 6.89%. The property is in a prime location for USC student housing located in the USC DPS Safety Patrol zone and walking distance to Ralph's and USC. Both units are under a Master Lease to a USC student management company until August 2024, with no vacancies. The rear ADU was constructed in 2020. All utilities are covered by tenants. Both units total approximately 4187 square feet of rentable space with an additional 550 square feet of loft space. Front unit has solar panels that are paid in full. The properties sit on a huge 8099 sq ft lot that is rare to find in the 90007 zip code and has LARD1.5 zoning (potentially build 5 units by right) and HPOZ. Buyer to verify all information with city. Property is fully occupied by students - do not disturb tenants. Disturbing tenants will disqualify buyer. Investment property is to be sold As-Is, cash offers preferred.
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  • Interior
    4,187 Sq Ft.
  • Exterior
    .19 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
  • MLS/Listing ID
  • Days On Market


  • Central Air Conditioning
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  • Air Conditioning
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Listing Courtesy of D. Wahl Realty, Mason Shieh - 02020101 - 808-551-5272