3193 Budau Ave, Los Angeles, CA 90032

Property Description

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.