3193 Budau Avenue, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath
ACTIVE$1,595,000
3193 Budau Avenue, Los Angeles, California 90032
0Bed
0Bath
2,880Sqft
8,642Lot
Year Built
1927
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
SB25009117
Home ConditionGood
Features
Good View: Bluff
ViewBluff
About this home
We found 2 Cons,3 Pros. Rank: price - $1.59M(92th), sqft - 2880(92th), beds - undefined(50th), baths - undefined(50th).
Fantastic opportunity to purchase a plug and play multi unit complex in Metro-LA. Delivered fully remodeled in 2023 with an approved set of plans for an additional 6th unit, this property is close to everything with stable tenants and is performing at a good CAP rate. This would be a good fit for that investor just looking to park a good amount of cash and then just reap the good returns, or for the investor who wants to build the additional 6th unit to increase both property value and income potential. o Call to schedule your showing today!
Price History
Date
Event
Price
01/13/23
Sold
$1,350,000
05/22/20
Sold
$700,000
04/20/16
Sold
$588,000
Condition Rating
Good
The property was built in 1927 but fully remodeled in 2023. The images show updated kitchens and bathrooms with modern finishes and appliances. While the building is older, the recent remodel suggests a 'good' condition, as it's move-in ready with no immediate renovation required.
Pros & Cons
Pros
Remodeled Units: The property was fully remodeled in 2023, offering modern living spaces and potentially attracting higher-quality tenants.
Development Potential: Approved plans for an additional 6th unit provide a significant opportunity to increase property value and income potential.
Stable Income: The property has stable tenants and is performing at a good CAP rate, offering immediate returns for investors.
Cons
Year Built: Built in 1927, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Information: The description lacks specific details about the current CAP rate and tenant profiles, requiring further due diligence.