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4331 South Budlong Avenue

Updated Dec 4, 2024

David Bensoussan Of Olsen Realty Represents Buyer In Multifamily Sale At 4331 South Budlong Avenue For $2.55M
SOLDMultiFamily

David Bensoussan Of Olsen Realty Represents Buyer In Multifamily Sale At 4331 South Budlong Avenue For $2.55M

4331 South Budlong Avenue

$2,550,000

$515/SF

Building Size

4,949 SF

Asset Type

MultiFamily

Closing

Jul 17, 2024

About this deal

AI

4331 South Budlong Avenue is a newly developed multi-family property located in Los Angeles. This property sold for $2.55 million and encompasses 4,949 square feet, resulting in a price per square foot of $515. The three-story building features a duplex and an ADU, positioned conveniently near major freeways and local attractions, including USC and SOFI Stadium. The units are equipped with modern amenities such as quartz countertops, stainless steel appliances, custom closets, and central HVAC systems, catering to contemporary living needs with stylish finishes and efficient landscaping.

Summary of transaction details:

The transaction involved key brokerage representatives David Bensoussan of Olsen Realty and Christian Limon from Century 21 A Better Service, facilitating the sale of the property. The deal reflects the ongoing interest in multi-family developments in the Los Angeles market.

Players

Christian Limon

Century 21

Broker

$5M

vol

2 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $515 per square foot on a published $2.6M for 4,949 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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