17
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$749,000
Est. payment /mo
5 Beds
2 Baths
1,057 SqFt
New
1109 Exposition BLVD Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,057 sqft
Price per Sqft $708
MLS Listing ID 25549173
Bedrooms 5
HOA Y/N No
Year Built 1912
Lot Size 2,665 Sqft
Property Description
We are pleased to present a rare opportunity to acquire a vacant, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom, 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667 square foot lot zoned LARD2, making it ideal for student housing or co-living arrangements.Given its proximity to USC and the USC Village, this property presents significant income potential, with market rents projected at approximately $1,200 per bedroom. The investment is attractively priced at an 8% cap rate, offering strong returns with minimal operating expenses, as tenants are responsible for covering all utilities including water, trash, gas, and electricity.In addition to its premium location near campus, the property is just a short walk from the Metro Expo Line, providing convenient access to both Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major cultural and sports destinations including the LA Memorial Coliseum, BMO Stadium (home of LAFC), and the upcoming George Lucas Museum of Narrative Art. With Exposition Park set to host key events for the 2028 Los Angeles Olympics, this area continues to grow in both prominence and investment appeal.This is a excellent opportunity to own a well-positioned, high-demand rental property in one of Los Angeles' most dynamic and rapidly developing neighborhoods.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Rooms
Other Rooms Shed(s)
Interior
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5040013029
Special Listing Condition Standard
Listed by Davis Saadian • Keller Williams Hollywood Hills