Los Angeles, Residential Income – 1100 Exposition Blvd, Los Angeles, CA 90007, USA -001-11-30T00:00:00-08:00
We are pleased to offer for sale seven (7) contiguous non-rent control apartment buildings, one block from the Exposition / Vermont Metro Station, and the internationally renowned University of Southern California (USC). This is the largest contiguous, devel
1100 Exposition Blvd, Los Angeles, CA 90007, USA
$10,000,000 USD
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Address1100 Exposition, Los Angeles
Price$10,000,000
Year Built1999
Bedrooms Total0
Living Area39,881
Lot Size (Sq.Ft.)42,875
Listing ID17237604
StatusPending
Parcel Number5037015014
ZoningLAR3
Special ConditionsStandard
Days on Market115

Detailed Description: We are pleased to offer for sale seven (7) contiguous non-rent control apartment buildings, one block from the Exposition / Vermont Metro Station, and the internationally renowned University of Southern California (USC). This is the largest contiguous, development parcel left in the USC student housing submarket, and there are a total of seventy-six non-rent control (76) bedrooms. These two-story buildings were constructed of wood frame and stucco on a raised foundation built in the years of 1983-2002 with a square footage of 39,881 on a 43,000-square foot lot. The investment is not subject to rent control ordinance.

Cooling
Laundry
Parking

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Address Information
Address1100 Exposition, Los Angeles
CityLos Angeles
Location (MLS Area)C34 – Los Angeles Southwest
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90007
Financial Information
Purchase Contract DateJuly 3, 2017
Price per Square Foot$250.75
Price per Lot Square Foot$233.24
Special ConditionsStandard
Total Expenses$172,550
Gross Operating Income$594,400
Net Operating Income$414,503
Gross Multiplier16%
Improvements Amount$419,426
Land Value$6,598
Tax Year2000
Full Descriptions
Parcel Number5037015014
Detailed DescriptionWe are pleased to offer for sale seven (7) contiguous non-rent control apartment buildings, one block from the Exposition / Vermont Metro Station, and the internationally renowned University of Southern California (USC). This is the largest contiguous, development parcel left in the USC student housing submarket, and there are a total of seventy-six non-rent control (76) bedrooms. These two-story buildings were constructed of wood frame and stucco on a raised foundation built in the years of 1983-2002 with a square footage of 39,881 on a 43,000-square foot lot. The investment is not subject to rent control ordinance.
Laundry FeaturesSee Remarks
Cooling DescriptionSee Remarks
Parking FeaturesCarport
Property parameters
Year Built1999
Living Area (Sq.Ft.)39,881
Lot Size (Sq.Ft.)42,875
Lot Size (Acres)0.98
Lot Size SourceAssessor
Number of Buildings7
Number of Units Total23
ZoningLAR3
Stories Total2
Units Total23
Listed withDavis Saadian (BRC Advisors)