2823 Budau Avenue, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

2823 Budau Avenue, Los Angeles, California 90032 home-pic-0
ACTIVE$775,000
2823 Budau Avenue, Los Angeles, California 90032
0Bed
0Bath
1,130Sqft
4,798Lot
Year Built
1948
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$686
HOA
-
Days on market
-
Sold On
-
MLS number
IV25132595
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $775.0K(34th), sqft - 1130(38th), beds - undefined(2th), baths - undefined(2th).

CALLING ALL INVESTORS! CASH ONLY SALE. Located in the HIGHLY DESIRED AREA of EL SERENO, just a couple miles from Cal State University and around the corner from Alhambra, you'll find this unique opportunity to own a property that extends from one street to the next. The front of the home faces Budau Avenue and the back of the home where the garage is located has entry directly from Ballard St. **********UNIT 1: The main home welcomes you with 3 bedrooms, 2 full baths, oak wood cabinets in the kitchen, NEW ROOF installed in 2019 and recessed lighting. *********** 2ND UNIT is the Converted Garage: ADU possibility as the garage has already been converted into living space ~ The studio has its full bathroom, kitchenette, and sleeping area. The converted garage also has its own adjacent uncovered parking area with direct access from Ballard. The property sits on a tri-level lot with each area gated for safety. Fruit Trees: Grape, banana, orange, green lemons. There is an additional half bath on the 2nd level

Price History

Date
Event
Price
06/12/25
Listing
$775,000
12/07/94
Sold
$142,000
Condition Rating
Fair

Built in 1948, this property is aged but has a new roof installed in 2019, indicating some maintenance. However, the kitchen features outdated oak cabinets, older appliances, and dated tile flooring. The bathrooms are also very dated in style and fixtures. While functional, the home requires significant cosmetic updates and potential system upgrades (like central HVAC, as a window AC is visible in the ADU) to meet modern living standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income Potential / ADU Conversion: The property features a converted garage with a full bathroom and kitchenette, offering immediate potential for rental income or multi-generational living, with ADU possibility.
Prime Location: Located in the 'highly desired area of El Sereno,' with close proximity to Cal State University and Alhambra, enhancing desirability and potential appreciation.
Unique Dual Street Access: The property extends from Budau Avenue to Ballard Street, providing convenient separate access points for the main house and the converted unit, adding flexibility.
Recent Major Upgrade: A new roof was installed in 2019, significantly reducing immediate capital expenditure for the new owner and adding long-term value.
Established Fruit Trees & Gated Lot: Mature fruit trees (grape, banana, orange, green lemons) add aesthetic appeal and value, while the tri-level, gated lot enhances privacy and security.

Cons

Cash Only Sale: The 'CASH ONLY SALE' stipulation drastically narrows the potential buyer pool, potentially limiting market reach and competitive offers.
Unverified ADU Status: While the garage is converted into living space, the description states 'ADU possibility,' implying it may not be a fully permitted Accessory Dwelling Unit, which could pose financing or legal challenges.
Age of Property: Built in 1948, the property may have aging infrastructure (e.g., plumbing, electrical, HVAC) not explicitly updated beyond the roof, potentially leading to future maintenance or renovation costs.

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