3572 South Budlong Ave, Los Angeles, CA
Multi-family for Sale - $749,000 - 1,825 Sq. Ft. on 5167 acres
Property Info
CIMLS# | 807397 |
Location 3572 South Budlong Ave Los Angeles CA 90007 | |
Updated | June 8th, 2015 |
Type | Multi-family |
Price | $749,000 |
Building | 1,825 Sq. Ft. |
Land | 5167 acres |
Property Description
Sperry Van Ness is pleased to present for sale a Turnkey, Furnished, Student Housing Investment opportunity of a completely remodeled Single Family Home at the prestigious University of Southern California. The property benefits from its close proximity to Campus and the new Expo Metro line station, both just blocks away. Beginning August 1, 2015 there is a 1 year lease in place for $5,500.00 per month and all utilities paid by tenants. Property has 4 bedrooms + 2 study rooms with closets making it a total of 6 bedrooms and 4 baths. The property has been completely remodeled with permits including New Roof and Raised Foundation, Copper Plumbing and New Electrical. Other great features include a Tank Less Water Heater, LED Lights throughout the house including the bedrooms, Hard-wired CAT5 for Network Connectivity in each room, new Heating and Air Conditioning system, a Whirlpool in-closet stackable Washer Dryer, Dual Pane Windows and Security Cameras for added security. Every bedroom is beautifully Furnished and Equipped with a 15 inch TV, a Bed, Desk and a Chair. The Living room comes with a 55 inch TV, large Couch, Love Seat and a Table. Kitchen comes with Samsung Stainless Steel Appliances. Outdoor front landscaping is beautifully done and needs little maintenance. The driveway allows for parking of between 4-6 cars. This great investment opportunity has very low expenses, minimal landlord responsibilities and generates a 10% Cash On Cash Return. Do NOT disturb tenants, Drive By Only.
Location Description:
Located just 2.5 Blocks from the USC Campus makes this property the perfect student housing investment. Only 1/2 mile to new Metro Station at Vermont and Exposition. The property also benefits from its close proximity to University Village, Downtown Los Angeles and L.A. Live.
Highlights:
>> 10% Cash on Cash Return
>> Turnkey Investment
>> Fully Remodeled in 2014 - New Everything!
>> Completely Furnished Student Housing at Prestigious University of Southern California
>> Low Expenses
* Email for additional photos
Financials
Sales Info:
>> Commision split: 1.0%