About this home

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.

Facts and features

Schools

• Sierra Park Elementary School

  elementary · K-6 · 0.1 mi

  6

• El Sereno Middle School

  middle · 6-8 · 0.5 mi

  7

• All Saints Elementary School

  elementary · K-8 · 0.3 mi

• Anahuacalmecac International University Preparatory Of North America

  elementary · K-12 · 0.7 mi

  7

• Cesar Chavez Elementary School

  elementary · K-6 · 0.4 mi

  5

• El Sereno Elementary School

  elementary · K-6 · 0.7 mi

  6

Price history

• Aug 31, 2026 · Listed$1,395,000
• Aug 2, 2025 · Listing Removed—
• May 27, 2025 · Listed$1,650,000
• Feb 27, 2025 · Listing Removed—
• Jan 23, 2025 · Listed$1,595,000
• Jan 13, 2023 · Sold$1,350,000
• May 22, 2020 · Sold$700,000
• May 2, 2019 · Listing Removed—

Tax history

• 2025$17,663 tax · $1,432,630 assessed
• 2024$17,460 tax · $1,404,540 assessed
• 2023$9,766 tax · $735,823 assessed
• 2022$9,341 tax · $721,396 assessed
• 2021$9,223 tax · $707,252 assessed
• 2020$8,557 tax · $636,467 assessed
• 2019$8,246 tax · $623,989 assessed
• 2018$8,117 tax · $611,755 assessed

Home value

$743,000

• Collateral Analytics$743,000

Where it is