2506 S Budlong Ave, Los Angeles, CA 90007

5-Unit Section 8 Opportunity Near USC | 10.52 GRM & 62% Upside

Sold: $982,500

Property Highlights

Charming 5-unit built in 1921, 5-min from USC
Property consists of a 4-unit building in the front and a single SFR-style unit in the back
4,460 SF of living space and 6,750 sq ft lot
Current parking is not utilized, immediate upside
Detached ADU potential in uncovered parking area
Brand new roof on back structure
Majority copper re-piped, newer sewer (2022)
The front 4-unit is a two story building with (2) 2BR/1BA upstairs and (1) 1BR/1BA + (1) 2BR/1BA downstairs
Unit in the back of the property is ~400 SF 1+1

The Deal Story

The Glaser Group is proud to announce the successful closing of 2506 S Budlong Avenue.

Located in the heart of Jefferson Park, just steps from the USC Patrol Zone, this charming 5-unit property blends classic 1920s architecture with updated interiors and multiple paths for future growth. With a mix of renovated two-bedroom and one-bedroom units, as well as ADU potential and unused parking spaces, the asset offers immediate cash flow and significant long-term upside.

The Seller had previously listed the property with another agent but ultimately chose to re-list with The Glaser Group because of our strong track record, high deal volume, and ability to navigate challenging sales environments. Having acquired the property in 2023 and executed a focused value-add plan, the Seller is now rolling profits into their next project in Los Angeles.

The Buyer, an out-of-state investor completing a 1031 exchange from two LA properties, saw this opportunity as a strategic addition to their growing portfolio. With over 62% in rental upside and proximity to USC, they plan to hold and optimize the asset over time.

Even in a shifting market, The Glaser Group delivered on a strategy that aligned with the Seller’s exit goals while securing a motivated, qualified Buyer—demonstrating once again the power of experience, communication, and market expertise.

If you’re considering a sale or purchase, contact The Glaser Group at (310) 230-5157.