3 of 4 units are vacant. For Buyers looking at insurance related investments. All units are completely remodeled. Parking. Bungalow style 2 bed 2 bath units. One unit is a 1 bed 1 bath. The very large garage in the back is a 3 bedroom ADU potential. The new rent potential is $3700/mo for 2 bed units and $2100/mo for the one bedroom unit. The gross income potential is $158,400/yr or $13,200/mo. The projected net income is approx $127,212/yr. The cap is 6.52 and GRM is 12.3. The building is 2 short blocks from USC, the Expo/Vermont Metro Station, and the all new Lucas Museum of Narrative Art at Exposition Park opening this year. The museum is on 11 acres with 100,000 SF of restaurants, retail, and two state-of-the-art theaters. Look it up! These are 3 additional points of attraction for an investor. The building is bungalow style completely remodeled with new kitchens, bathrooms, flooring, central air & heat, in unit security systems, concrete, and more. Washer/Dryer inside each unit. There’s a security gate in the front & the perimeter is fenced. The complex is well lighted for safety. USC students are an additional high income stream.
Property Details
Price:
$1,948,900
MLS #:
24465909
Status:
Active
Baths:
0
Address:
1192 Exposition Boulevard
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Nov 21, 2024
State:
CA
ZIP:
90007
Lot Size:
6,660 sqft / 0.15 acres (approx)
Year Built:
1931
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Heating
Central
Exterior
Parking Spots
7.00
Stories Total
1
Financial
Map
Community
- Address1192 Exposition Boulevard Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1192 Exposition Boulevard
Los Angeles, CA
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