Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

3,024 sqft

Lot size

5,953 sqft

Year built

1945

Stories

2

Heating

Wall Furnace

Status

Active

Days on market

65

MLS #

244087724

About this property

RICE IMPROVEMENT! Exceptional trophy investment opportunity in one of Los Angeles' most sought-after rental corridors. This extensively upgraded triplex offers strong in-place income, pride of ownership, and substantial value-add potential through planned unit expansion and the opportunity to add ADUs (buyer to verify).Positioned directly across from the Metro E Line, tenants enjoy immediate access to Downtown Los Angeles, Santa Monica, and major employment centers, creating a highly desirable transit-oriented living experience. Located just blocks from USC, the property is ideally suited for student housing and maximizing rental income potential. The property features three clean, well-maintained units, significant recent capital improvements, and multiple avenues for future revenue growth. Situated within walking distance of Exposition Park, the Natural History Museum, California Science Center, Los Angeles Memorial Coliseum, BMO Stadium, the Rose Garden, IMAX Theater, and numerous dining and entertainment destinations, the location offers an exceptional lifestyle and rental appeal. With a Walk Score of 74 and Bike Score of 82, this vibrant and rapidly growing neighborhood continues to attract students, young professionals, and long-term residents alike. Rarely does an asset combine turnkey condition, premier location, transit accessibility, and meaningful development upside in such a compelling package. A true legacy investment delivering immediate cash flow today with significant long-term appreciation and income growth potential. Contact listing agent for additional information.

Location

1613 Exposition Boulevard

Los Angeles, Los Angeles, CA, 90018