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1109 Exposition Blvd

Los Angeles, CA 90007
  • $925,000
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: 21-762560
UPDATED: 2 min ago
$925,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,057
    SQFT
  • $875
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

We are pleased to offer the opportunity to acquire this vacant six (6) bedroom + two (2) bathroom student housing investment opportunity, located less than 1 block to the University of Southern California (USC).The property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USCs landmarks, academic buildings, and also near the Lucas Museum & LA Coliseum. This investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. The asset features secured gated entry, hardwood floors, on-site parking, and laundry for additional income. The kitchen is spacious and each room as their own air conditioning units. The subject property represents a low risk investment that is poised for continued growth and continued excellent operating fundamentals.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T13:43:03.527. 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.
www.randyplaice.com/homes/119465539
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1109 Exposition Blvd Los Angeles, CA 90007

  • Price: $925,000
  • Status: Active
  • Updated: 2 min ago
  • ID#: 21-762560
6
Beds
0
Baths
0
½ Baths
0.06
Acres
1,057
SQFT
$875
$/SQFT
1912
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
We are pleased to offer the opportunity to acquire this vacant six (6) bedroom + two (2) bathroom student housing investment opportunity, located less than 1 block to the University of Southern California (USC).The property offers residents a highly desirable location, well situated in the DPS Patrol Zone, walking distance to campus and University Village - providing easy access to all of USCs landmarks, academic buildings, and also near the Lucas Museum & LA Coliseum. This investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The growth of the student base continues to outpace the growth of housing and will provide continuous demand for quality housing in premium locations. The asset features secured gated entry, hardwood floors, on-site parking, and laundry for additional income. The kitchen is spacious and each room as their own air conditioning units. The subject property represents a low risk investment that is poised for continued growth and continued excellent operating fundamentals.
Exterior Features

Lot Size Area 2667 Other Structures Shed(S) Parking Garage Assigned Total Parking 2

Interior Features

Baths Total 2.00 Cooling Wall Unit(S) Equipment Range/OvenFreezerIce MakerRefrigeratorOther Heating Other

Property Features

Assessed Total Value 397952 Gross Income 79200 Gross Operating Income 77616 Like Units1 1 Net Operating Income 58251.00 Number Of Buildings 1 Number Of Units 1 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 19365 Type Of Units Sfr Year Built Source Vendor Enhanced Zoning Lard2

Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T13:43:03.527. 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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Randy Plaice and Associates | RE/MAX Gateway
27720 Dickason Drive
Valencia CA, 91355