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1400 Exposition Blvd, Los Angeles, CA 90018
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1400 Exposition Blvd Los Angeles, CA 90018

$1,500,000 Sold Price as of 12/01/2021
  • 12 Beds
  • 4 Baths
  • 3,996 Sq.Ft.
Sold
$1,500,000 Sold Price as of 12/01/2021 Refinance Your Mortgage
Map preview of 1400 Exposition Blvd, Los Angeles, CA 90018

Property Overview: 1400 Exposition Blvd Los Angeles, CA has 12 bedrooms, 4 bathrooms, 3,996 living square feet and 6,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 1400 Exposition Blvd, just a short distance from the internationally renowned University of Southern California (USC). This two-story building is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation built in 1963 with a square footage of 3,996 on a 6,002-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) spacious 3-bedroom+ 1-bathroom units. The subject property is 100% occupied, and all tenants are current with rental payments.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, Ten (10) on-site parking spaces, and individually metered for gas and electricity.

Listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Co-listed by Davis Saadian | BRE #01921748 | Keller Williams Beverly Hills
Last checked: 8 minutes ago | Last updated: March 31st, 2023 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
6,002
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21778240
City
Los Angeles
County
Los Angeles
Time on Site
993 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.95
  • Gross Scheduled Income: --
  • Net Operating Income: $89,978
  • Gross Operating Income: $115,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1400 Exposition Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 4
  • Parcel Number: 5036002023
Location / Neighborhood
Location Information
  • Directions: 1400 Exposition Blvd, LA 90018
View more facts & features

Local Los Angeles Agent

Sale History for 1400 Exposition Blvd

Last leased for $2,800 on March 31st, 2023

  • March, 2023

  • Mar 31, 2023

    Date

    Leased

    CRMLS: 22206773

    $2,800

    Price

  • Oct 10, 2022

    Date

    Active

    CRMLS: 22206773

    $2,850

    Price

  • Listing provided courtesy of CRMLS

    Live in Exposition Park! The perfect place for public transportation. This newly remodel 3 bedroom 1 bathroom unit is minutes to USC! Right off the Expo at Western Station and has 1 assigned parking space. Brand new stove, flooring, and bathroom.

  • September, 2021

  • Sep 27, 2021

    Date

    Pending

    CRMLS: 21778240

    $1,500,000

    Price

  • Aug 30, 2021

    Date

    Active

    CRMLS: 21778240

    $1,500,000

    Price

  • August, 2021

  • Aug 24, 2021

    Date

    Canceled

    CRMLS: 21765172

    $1,600,000

    Price

  • Jul 25, 2021

    Date

    Active

    CRMLS: 21765172

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: SB18259413

    $1,300,000

    Price

  • Feb 13, 2019

    Date

    Withdrawn

    CRMLS: SB18259413

    $1,300,000

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: SB18259413

    $1,300,000

    Price

  • Jan 13, 2019

    Date

    Hold

    CRMLS: SB18259413

    $1,300,000

    Price

  • Oct 26, 2018

    Date

    Active

    CRMLS: SB18259413

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 1400 Exposition Blvd! This large 4-unit building is situated in a great location of Los Angeles just minutes away from USC and less than a five-minute walk from the Western / Expo line which runs to the Westside and Downtown. Each unit is roughly 1,000 sq ft and contains all 3 bedroom / 1 bath units. Each unit comes with one covered carport space which is located in the rear of the building. 1400 Exposition Blvd is a 3,996 sq ft building sitting on a 6,002 sq ft lot. The subject property is being offered over a 6% CAP rate and 11 GRM!

  • April, 2007

  • Apr 19, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2006

  • Nov 9, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1400 Exposition Blvd

Assessed Value (2020): $764,721
Year Land Value Improved Value Assessed Value
2020 $509,817 $254,904 $764,721

Home Value Compared to the Market

This property vs the competition

1400 Exposition Blvd sold on December 1, 2021 for 26.05% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $375.38 per/sqft which puts the price per square foot 50.28% lower than the current median sale per square foot for the city of Los Angeles.

About 1400 Exposition Blvd

Detailed summary of property

1400 Exposition Blvd is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 12 bedrooms, 4 bathrooms, roughly 3,996 living square feet, and sits on an approximately 6,002 square foot lot. 1400 Exposition Blvd was first listed on ArdentRealEstateGroup.com on August 30, 2021. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.05% higher than the current median priced home. Local homes that are currently for sale include 4112 Dalton Ave, 2939 Brighton Ave and 1414 W 30th St. While the average home in Los Angeles, CA is selling in 92 days, 1400 Exposition Blvd has a days on market of 70 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1400 Exposition Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1400 Exposition Blvd

Public county record property details
Beds
12
Baths
4
Year built
1963
Sq. Ft.
3,996
Lot Size
6,002
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
5036-002-023

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
52
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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