1400 Exposition Boulevard

    Los Angeles (City), CA 90018
    • $1,300,000
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: SB18259413
    UPDATED: 77 min ago
    $1,300,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,996
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to present 1400 Exposition Blvd! This large 4-unit building is situated in a great location of Los Angeles just minutes away from USC and less than a five-minute walk from the Western / Expo line which runs to the Westside and Downtown. Each unit is roughly 1,000 sq ft and contains all 3 bedroom / 1 bath units. Each unit comes with one covered carport space which is located in the rear of the building. 1400 Exposition Blvd is a 3,996 sq ft building sitting on a 6,002 sq ft lot. The subject property is being offered over a 6% CAP rate and 11 GRM!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T10:26:53.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88899455

    1400 Exposition Boulevard Los Angeles (City), CA 90018

    • Price: $1,300,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: SB18259413
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,996
    SQFT
    $325
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present 1400 Exposition Blvd! This large 4-unit building is situated in a great location of Los Angeles just minutes away from USC and less than a five-minute walk from the Western / Expo line which runs to the Westside and Downtown. Each unit is roughly 1,000 sq ft and contains all 3 bedroom / 1 bath units. Each unit comes with one covered carport space which is located in the rear of the building. 1400 Exposition Blvd is a 3,996 sq ft building sitting on a 6,002 sq ft lot. The subject property is being offered over a 6% CAP rate and 11 GRM!
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features 2-5 Units/AcreNear Public TransitPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 999 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Flooring Tile Heating Forced Air Heating YN Yes Interior Features Granite Counters Laundry Features None Room Type Living Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.29 Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 112800.00 Gross Multiplier 11.52 Gross Scheduled Income 112800.00 Insurance Expense 1398.00 Land Lease YN No Laundry YN No Maintenance Expense 3528.00 Net Operating Income 81727.00 New Construction YN No New Taxes Expense 16250.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 25577.00 Other Expense 3200.00 Other Expense Description Utility Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 25577.00 Trash Expense 0.00 Vacancy Allowance 5640 Vacancy Allowance Rate 5.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T10:26:53.383. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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