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%… Read More 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.*** Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,024
Lot Size
0.14 Acres
Year Built
1945
MLS Number
25559815
30 Days Snapshot Of 90018
$1.02M
-11%
(avg) sold price
6
-33%
homes sold
63
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1945, Building area total: 3,024, Levels: Two, Living area: 3024, 2 stories, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $92,976, Net operating income: $67,093
Lot
0.1368 acres, 5,957 square feet, Size: 5,957
Parking
3 totals parking, Covered, DoorMulti, Garage
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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