9190-9200 Exposition Dr - Manufacturing FOR SALE


Los Angeles, CA 90034
$4,995,000 USD
310-207-2288
9190-9200 Exposition Dr, Los Angeles, CA for Sale
$4,995,000 USD
Manufacturing - FOR SALE
1/29
null | 9.24% Cap Rate

9190-9200 Exposition Dr
Los Angeles, CA 90034


HIGHLIGHTS

  • Probate Sale. Subject to Court confirmation and overbidding in Court.
  • Two adjoined commercial/office/mixed use buildings on Exposition Blvd./Venice Blvd., zoned HJ (EC).
  • For sale after 46 years!
  • Both buildings are currently vacant and will be delivered vacant at close of escrow.
  • Environmental Phase I (completed July 2023), and Phase II (completed Oct. 2023), concluded no issues discovered and no further assessment is warrante
  • Both properties need to be sold together to one buyer.

OVERVIEW

Probate Sale. Subject to Court confirmation and overbidding in Court. Property is being sold AS IS and WHERE IS without warranty expressed or implied. Both properties need to be sold together to one buyer. Two adjoined commercial/office/mixed use buildings on Exposition Blvd./Venice Blvd., zoned HJ (EC). For sale after 46 years! In the heart of bustling Culver City and Palms/Mar Vista, next to Metro line. Building 1: 9190 & 9200 Exposition Blvd. (APN # 4313-021-036) is a 2 story bldg., built in 1932, with 8 recording studios on the 1st floor made in the last 5 years, without permits. The 2nd floor has a 2 bedroom apartment, and large open space for warehouse/storage/some offices. Potential to convert the 2nd floor to creative office spaces. Building 2: 9214 Exposition Blvd. (APN # 4313-021-035) is a single story building, built in 1922, with 7 sound studios and office space. Excellent income potential. Both buildings are currently vacant and will be delivered vacant at close of escrow. Environmental Phase I (completed July 2023), and Phase II (completed Oct. 2023), concluded no issues discovered and no further assessment is warranted. Minutes away from I-10, public transportation, shopping centers, restaurants, and recreation. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the Property. Buyer is advised to independently verify the accuracy of all information through personal inspections and with the appropriate professionals. Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations, and assume all responsibilities.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

9.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.32

LAND SF

13,939

ZONING

HJ (EC)

APN/PARCEL ID

4313-021-035,4313-021-036

ASK ABOUT THIS PROPERTY

Vinny JainIngenious Asset GroupMore Info
310-207-2288

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Vinny JainIngenious Asset GroupMore Info
310-207-2288

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