Los Angeles, CA 90018,1613 Exposition Blvd
Los Angeles, CA 90018,1613 Exposition Blvd
Los Angeles, CA 90018,1613 Exposition Blvd
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$995,000
Est. payment /mo
8 Beds
4 Baths
3,024 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $329

MLS Listing ID 25559815

Bedrooms 8

Year Built 1945

Lot Size 5,957 Sqft

Acres 0.1367

Property Sub-Type Multi-Family

Property Description

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.***

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR2

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Covered Parking, Garage - 3 Car

Garage Spaces 3.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by KW Advisors

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Phone*

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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