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๐ฃ Following is the detail of house for sale at 2639 S Budlong Ave , Adams Normandie, Los Angeles, CA 90007, Adams Normandie, Los Angeles, CA 90007, USA:
$2,274,000
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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โณ Location of this Property on Google Maps:
https://www.google.com/maps/@34.020161300000,-118.691920800000,13z
๐ฅ Nearest Hospitals to this Property:
Providence Saint John’s Health Center
Sinai Tarzana Medical Center
West Hills Hospital and Medical Center
Woodland Hills Medical Center
UCLA Medical Center Santa Monica
โ๏ธ Nearest Schools to this Property:
Our Lady of Malibu School
Webster Elementary School
Santa Monica-Malibu Unified School District
Malibu Presbyterian Nursery School
Our Lady of Malibu Catholic School
๐ Nearest Restaurants to this Property:
Ralphs
Malibu Yogurt
SUBWAY
Ollo
Bui Sushi
๐ Nearest Train Stations to this Property:
Amtrak-Van Nuys
Amtrak-Burbank Airport
Amtrak-Simi Valley
Amtrak-Chatsworth
Northridge Station
๐ฌ Nearest Shopping Malls to this Property:
Malibu Village
Point Dume Plaza
Malibu Lumber Yard
Pine Tree Circle Center
Malibu Country Mart
๐ผ Nearest Parks to this Property:
Legacy Park
Malibu Colony Playground
Malibu Bluffs Park
Malibu Parks & Rec
Malibu Lagoon State Beach
๐ฅ Nearest Movie Theaters to this Property:
Hollywood Theater
Malibu Export Service
Regency Agoura Hills 8
Regency Theatres
Malibu Theater
โ Nearest Cafes to this Property:
Alfred Coffee
Malibu Farm
Starbucks
Hawc Cafe
โ๏ธ Nearest Airports to this Property:
Van Nuys Airport
Hollywood Burbank Airport
Santa Monica Airport
Hawthorne Municipal Airport
Los Angeles Int’l Airport
๐ข Nearest Stores to this Property:
Star Roofing Malibu
La Chaussure Footwear Etc
Bungalow
Vitamin Barn
Malibu Hardwood Floors
โ Nearest Doctors to this Property:
Milica Simpson MD
Malibu Medical Group
Malibu Urgent Care
Pax Emmanuel, MD
Malibu Chiropractic and Wellness
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