ActiveResidential · sale

3193 Budau Avenue

Los Angeles, CA 90032

$1,395,000

  • 10 beds
  • 5 baths
  • 2,880 sq ft
  • 0.2 acres
  • Built 1927

Listed by Compass · MLS #26874697

3193 Budau Avenue, Los Angeles, CA 90032 — photo 1 View full photo
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3193 Budau Avenue, Los Angeles, CA 90032 · MLS #26874697

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1927.

Property size

0.2 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

3193 Budau Ave presents a rare opportunity to acquire a truly turnkey multi-unit investment in Metro Los Angeles. Set on a generous approximately 8,620-square-foot lot, this distinctive bungalow complex features five individual residences, each offering 2 bedrooms and 1 bathroom, combining the charm and privacy of bungalow 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 designed for today's rental market and positioned for streamlined ownership from day one. Two units are currently vacant, creating an immediate opportunity to place market-rate tenants, while the existing residents are currently on rent payments. A new management company was installed in May, further enhancing the property's plug-and-play appeal for an investor seeking a professionally managed asset with existing income and near-term leasing potential. Tucked into a quiet neighborhood setting yet remarkably connected to the best of Metro LA, 3193 Budau Ave offers convenient access to major transit hubs, freeways, Downtown Los Angeles, and surrounding communities including South Pasadena and Alhambra. This combination of neighborhood atmosphere and central accessibility adds lasting appeal for both residents and investors. Beyond the property's current income potential, the expansive lot may offer an additional avenue for future value creation through ADU development, subject to buyer verification and applicable approvals. Whether the goal is to acquire a stabilized long-term investment, capture additional income by leasing the vacant units, or explore future expansion, 3193 Budau Ave offers a compelling combination of turnkey condition, multiple income streams, strategic location, and upside potential. An increasingly rare find in the Los Angeles multifamily market.
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THE NEIGHBORHOOD

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3193 Budau Avenue, Los Angeles, CA 90032

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1927
Full baths
0
Half baths
0
Heating
ForcedAir,Zoned
Appliances
Microwave,Refrigerator
Pool
No
Pool features
None
Spa
No
Zoning
LARD3
Parcel
5218001041

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$5,812.50
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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  1. Understand the opportunity.

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  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

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Listing information

MLS #26874697 · California Regional MLS

Listing brokerage: Compass
Listing agent: Stephanie Younger

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.