$ 995,000
-
$995,000
Price -
8
Bed -
4
Bath -
3,024
SqFt
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About the Listing CLW-X71068 - CLW-C121229
This prime triplex in the heart of Exposition Park offers investors a rare opportunity to add tremendous value and boost cash flow through the development of three ADUs. With a current 6.74% cap rate and 10.70 GRM, the property already performs well, but post-ADU projections push returns to a 11.11% cap and 7.33 GRM, with an estimated $1 million in added value. Positioned directly across from the Metro E Line (Exposition Line), tenants benefit from immediate access to Downtown LA, Santa Monica, and key employment and entertainment hubs. This strategic location also just blocks from USC, making it ideal for student housing and maximizing rental income per bedroom.The property sits in a vibrant cultural and recreational hub, walking distance to: Natural History Museum, California Science Center, Los Angeles Memorial Coliseum, Banc of California Stadium, The Rose Garden, IMAX Theater and much more.With a Walk Score of 74 and a Bike Score of 82, this area is highly accessible and increasingly attractive to young professionals and students alike. ***Contact us today to request the OM or schedule a private tour.***
Listing Highlights for 1613 Exposition Boulevard
Status
Pending
Days on Site
66
Property Type
Multi-Family
MLS ®
25559815
Year Built
1945
Total Square Footage
3,024
Lot/Acreage
0.14
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: LAR2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Covered,Garage - Three Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5041036029
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
1613 Exposition Boulevard Los Angeles, CA 90018
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