2506 Budlong Ave is a beautifully maintained 5-unit apartment building located in the heart of Jefferson Park, just steps from the USC Patrol Zone. Each spacious unit features hardwood floors, high ceilings, and updated kitchens, offering a desirable mix of (3) 2-bed/1-bath and (2) 1-bed/1-bath units. This partially renovated property is ideal for value-add investors, with strong current income and substantial upside potential.

Priced at $257/Sq Ft, this property will come with two tenant-ready units and an additional 77% rental upside!

With a new roof installed in 2024 and updated Gas and Sewer lines, this asset comes with very minimal maintenance requirements, as tenants are responsible for Gas, Electricity and Trash. Once stabilized, 2506 Budlong will operate at 6.90 GRM and a 11.32% Pro Forma Cap Rate! The subject property boasts a "Walk Score" of 88-Making this a very walkable neighborhood.

The subject property is conveniently positioned between Downtown Culver City and Downtown Los Angeles with easy access to the city's metro line. Renters will appreciate the proximity to the 10, 405, and 110 freeways, ensuring easy commutes throughout Los Angeles. This is an excellent opportunity to acquire a property with strong day-one income, significant upside potential, and additional cash flow from a potential ADU.