1192 Exposition Blvd - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$1,949,000 USD
626-242-8197
1192 Exposition Blvd, Los Angeles, CA for Sale
$1,949,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1192 Exposition Blvd
Los Angeles, CA 90007
South Central LA


OVERVIEW

3 of 4 units are vacant at the completely remodeled Bungalows on Exposition ready to get market USC 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. 4 units 3 vacant 2025 rents $130,800 USC Student Housing

FOR SALE DETAILS

PRICE

$1,949,000 USD

PRICE/SF

$857 USD /SF

# OF UNITS

4

PRICE/UNIT

$487,250

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USC Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6660 AC

LAND SF

290,109,600 SF

ZONING

RD1.5

APN/PARCEL ID

5037-014-008

ASK ABOUT THIS PROPERTY

Aram GaboudianKeller Williams RealtyMore Info
626-242-8197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Aram GaboudianKeller Williams RealtyMore Info
626-242-8197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.