1192 Exposition Boulevard

Los Angeles, CA 90007

$1,949,000

List Price

7

bed Beds

7

shower Baths

2,275 sqft

straighten / sqft

1931

calendar_month Built

Property Description

3 of 4 units are vacant. For Buyers looking at insurance related investments. All units are completely remodeled. Parking. Bungalow style 2 bed 2 bath units. One unit is a 1 bed 1 bath. The very large garage in the back is a 3 bedroom ADU potential. The new rents potential is $3700/mo for 2 bed units and $2100/mo for the one bedroom unit. The gross income potential is $158,400/yr or $13,200/mo. The projected net income is approx $127,212/yr. The cap is 6.52 and GRM is 12.3. 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 this year. 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 additional points of attraction for an investor. The building is bungalow style completely remodel with new kitchens, bathrooms, flooring, central air & heat, in unit security systems, concrete, and more. Washer/Dryer inside each unit. There's a security gate in the front & the perimeter is fenced. The complex is well lighted for safety. USC students are an additional high income stream.

Listing Information

List Price $1,949,000
Status Active
MLS 24465909
Type Residential Income
Year Built 1931
Lot Size 6,660
Structure Size 2,275
DOM 60
Courtesy Of Keller Williams Realty Downey
Listing Agent Aram Gaboudian DRE#01493911

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 7

Exterior Information

Maps

Listing information courtesy of: Aram Gaboudian, Keller Williams Realty Downey 626-242-8197. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 20th, 2025 at 9:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.