1613 Exposition Blvd - Multi-Family FOR SALE


Los Angeles, CA 90018- Leimert Park
$995,000 USD
310-836-3638
1613 Exposition Blvd, Los Angeles, CA for Sale
$995,000 USD
Multi-Family - FOR SALE
1/8
null | 6.36% Cap Rate

1613 Exposition Blvd
Los Angeles, CA 90018
Leimert Park


HIGHLIGHTS

  • *Financial Metrics*- 6.36% Current Cap and 10.70 GRM with upside to a 10.68% Cap and 7.33 GRM after ADUs.
  • *ADU Potential for $1 Million in Added Value*- Potential to build and boost income or resale upside significantly by adding 3 ADUs.
  • *Light Rail Metro E Line*- Across from the Light Rail Exposition Line offers tenants quick access to the beach, USC and downtown shopping.
  • *Nearby USC*- Great opportunity to rent out rooms for student housing.
  • *Exposition Park Community*- This neighborhood includes a collection of museums, sports facilities and recreational areas (ex Natural History Museum).
  • *Walk Score*- Very walkable neighborhood with 74 Walk Score and 82 Bike Score.

OVERVIEW

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 6.36% cap rate and 10.70 GRM, the property already performs well, but post-ADU projections push returns to a 10.68% 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

3

PRICE/UNIT

$331,667

CAP RATE

6.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,957 SF

ZONING

C2-2D-O-CPIO

APN/PARCEL ID

5041-036-029

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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Kelly MorganKelly Morgan Multifamily GroupMore Info
310-836-3638

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