*** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heart of rapidly evolving
Exposition Park, one of Los Angeles’ most active rental markets e The property features an attractive and versatile unit mix
consisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit,
and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for
investors pursuing student housing, traditional multifamily rentals, or alternative housing strategies in a consistently highdemand location .Ideally situated 10 minutes walk distance to the University of Southern California, the property benefits from
close proximity to some of Los Angeles’ most iconic destinations, including the Los Angeles Memorial Coliseum, a featured
venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum of Narrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, the historic Rose Garden,
BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .The
property also provides easy access to major freeways and public transportation, further strengthening its long-term
desirability and tenant demand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be
delivered almost vacant, offering investors a rare opportunity to immediately reposition the property, establish market rents,
and maximize future income potential .This is an outstanding opportunity to acquire a well-located multifamily asset in one of
Los Angeles’ most dynamic and transformative neighborhoods.
Property Sub Type:
Mixed Use
Property Attached:
No
Lot Area:
9,897 sq. ft.919 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1972
(Age: 54)
General Listing Location:
Los Angeles, C42 - Downtown L.A.
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$196,939
Gross Scheduled Income:
$196,939
Net Operating Income:
$119,989
Rent Control:
Yes
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$0
Operating Expense:
$76,950
Professional Management Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$0
Tax Lot:
15
West of Freeway 110 - South of Freeway 10
View:
None
Inclusions:
2 of the units have tenants and the rest units have temporary tenants.
Appliances:
Water Heater
Number of Buildings:
1
# of Electric Meters:
5
# of Gas Meters:
5
# of Water Meters:
1
Community Features:
Sidewalks
Senior Community:
No
Laundry Features:
Washer Hookup, In Kitchen
Pool Features:
None
Private Pool:
No
Lot Features:
0-1 Unit/Acre, Corner Lot, Near Public Transit, Rectangular Lot
Fireplace Features:
None
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
Construction Materials:
Stucco
New Constr.:
No
Roof:
Shingle
Common Walls:
No Common Walls
# Units:
5
Heating:
Wall Furnace
Fireplace:
No
Cooling:
Wall/Window Unit(s)
Utilities:
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected