1235 Exposition Blvd - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$900,000 USD
310-993-7600
1235 Exposition Blvd, Los Angeles, CA for Sale
$900,000 USD
Apartments - FOR SALE
1/9
null | 5.45% Cap Rate

1235 Exposition Blvd
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • 57% 2 Bedroom Units
  • Walking Distance to USC - Possible Conversion to Student Housing
  • Within the USC DPS Patrol Zone
  • Along the Exposition Light Rail Line
  • Huge Upside in Rents

OVERVIEW

The Mogharebi Group is proud to present for sale a seven-unit apartment community located adjacent to the University of Southern California (USC) campus. Constructed in 1962, the property consists of two studio units, one one-bedroom/one-bath unit, and four two-bedroom/one-bath units. The building totals approximately 4,306 square feet of improvements situated on a 6,480 square foot lot. The property is located within the USC Department of Public Safety (DPS) Patrol Zone. Situated at 1235 Exposition Boulevard, the property is positioned on the north side of the street between Normandie Avenue and Vermont Avenue. The Exposition Light Rail line runs along Exposition Boulevard, with a nearby station within walking distance at Exposition Boulevard and Vermont Avenue. The property also benefits from its close proximity to the USC campus, the Lucas Museum of Narrative Art, the Natural History Museum of Los Angeles County, the Los Angeles Memorial Coliseum, and is just a short drive to Downtown Los Angeles.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

7

PRICE/UNIT

$128,571

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rail Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LARD2

APN/PARCEL ID

5040-012-027

ASK ABOUT THIS PROPERTY

Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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Peter StraussThe Mogharebi GroupMore Info
310-993-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.