Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

2,880 sqft

Lot size

8,642 sqft

Year built

1927

Stories

1

Style

Bungalow

Heating

Forced Air,Zoned

Pool

None

View

None

Status

Active

Days on market

44

MLS #

246555136

About this property

3193 Budau Ave presents a compelling opportunity to acquire a turnkey 5-unit investment with immediate income upside in Metro Los Angeles. Three of the five 2-bedroom residences are currently vacant, giving a new owner the ability to place tenants at current market rents and meaningfully increase income from day one. Based on existing rents plus projected rents for the three vacant units, stabilized annual rental income is approximately $155,748, with additional upside as the remaining units reach market rents over time. Set on an approximately 8,620-square-foot lot, this distinctive bungalow complex features five individual residences, each offering 2 bedrooms and 1 bathroom. The property combines the privacy and appeal of bungalow-style living with the efficiency and income potential of a well-positioned multifamily asset.Extensively renovated around 2023, all five units have been thoughtfully updated with newer windows, electrical, plumbing, flooring, remodeled kitchens and bathrooms, and individual mini-split HVAC systems. The result is a refreshed, low-maintenance property positioned for streamlined ownership and strong tenant appeal.Three units are currently occupied, while two are vacant and ready for lease-up. A new management company was installed in May, further enhancing the property's plug-and-play appeal for an investor seeking existing income with near-term growth potential.Tucked into a quiet neighborhood setting yet conveniently connected to Downtown Los Angeles, major transit hubs, freeways, South Pasadena, Alhambra and surrounding communities, the property offers strong accessibility while maintaining a residential feel.Beyond the current income opportunity, the expansive lot may offer additional future value through ADU development or other expansion potential, subject to buyer verification and applicable approvals.With five 2-bedroom units, two immediate vacancies, extensive renovations, existing income, and clear upside potential, 3193 Budau Ave offers a rare combination of turnkey condition and value-add opportunity in the Los Angeles multifamily market.

Location

3193 Budau Avenue

Los Angeles, Los Angeles, CA, 90032