1613 Exposition Boulevard Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $329
MLS Listing ID CL25559815
Bedrooms 8
Year Built 1945
Lot Size 5,957 Sqft
Property Sub-Type OTHER
Property Description
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% 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.***
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Building
New Construction No