3 of 4 units are vacant at the completely remodeled Bungalows on Exposition ready to get market student housing rates. Many buildings in the area get $1500/mo rent per bedroom making the total projected rents $10,900/mo. 3 of the units are en-suite 2 beds 2 baths with projected rents at $9,000/mo. One unit is 1 bed 1 bath with a projected rent of $1900/mo. The very large garage in the back is a 3 bedroom ADU potential. 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 in 2025. 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 exceptional points of attraction for an investor. The building is bungalow style completely remodel in 2019 with new kitchens, bathrooms, flooring, central air & heat, security systems, concrete, and more. Washer/Dryer inside each unit. Designed for USC students looking for a quiet smaller building where security & cleanliness is important. Plenty of parking. Many buildings in the area charge for parking spots. Front patio for hanging out or grilling. Environmentally conscious materials & low maintenance landscaping. There’s a security gate in the front & the perimeter is fenced. The complex is well lighted for safety. Students typically have guarantors, stipends from student loans, and the rental agreements are for one full calendar year.
Property Details
Price:
$1,949,000
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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