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The Rail Apartments 1235 Exposition Blvd 7 Unit Apartment Building $900,000 ($128,571/Unit) 5.45% Cap Rate Los Angeles, CA 90007
Investment Highlights
- 57% 2 Bedroom Units
- Within the USC DPS Patrol Zone
- Huge Upside in Rents
- Walking Distance to USC - Possible Conversion to Student Housing
- Along the Exposition Light Rail Line
Executive Summary
The Mogharebi Group is proud to present for sale a seven-unit apartment community located adjacent to the University of Southern California (USC) campus. Constructed in 1962, the property consists of two studio units, one one-bedroom/one-bath unit, and four two-bedroom/one-bath units. The building totals approximately 4,306 square feet of improvements situated on a 6,480 square foot lot. The property is located within the USC Department of Public Safety (DPS) Patrol Zone.
Situated at 1235 Exposition Boulevard, the property is positioned on the north side of the street between Normandie Avenue and Vermont Avenue. The Exposition Light Rail line runs along Exposition Boulevard, with a nearby station within walking distance at Exposition Boulevard and Vermont Avenue. The property also benefits from its close proximity to the USC campus, the Lucas Museum of Narrative Art, the Natural History Museum of Los Angeles County, the Los Angeles Memorial Coliseum, and is just a short drive to Downtown Los Angeles.
Situated at 1235 Exposition Boulevard, the property is positioned on the north side of the street between Normandie Avenue and Vermont Avenue. The Exposition Light Rail line runs along Exposition Boulevard, with a nearby station within walking distance at Exposition Boulevard and Vermont Avenue. The property also benefits from its close proximity to the USC campus, the Lucas Museum of Narrative Art, the Natural History Museum of Los Angeles County, the Los Angeles Memorial Coliseum, and is just a short drive to Downtown Los Angeles.
Property Facts In Escrow
| Price | $900,000 | Property Subtype | Apartment |
| Price Per Unit | $128,571 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.45% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 9.87 | Building Size | 4,306 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Zoning | LARD2 - Multiple Family Residential | ||
| Price | $900,000 |
| Price Per Unit | $128,571 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 9.87 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,306 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | LARD2 - Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5040-012-027 | Improvements Assessment | $268,203 |
| Land Assessment | $195,878 | Total Assessment | $464,081 |
Property Taxes
Parcel Number
5040-012-027
Land Assessment
$195,878
Improvements Assessment
$268,203
Total Assessment
$464,081
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The Rail Apartments | 1235 Exposition Blvd
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