$995,000

Estimated payment $6,452/month

Total Views 1,030
8 Beds
4 Baths
3,024 Sq Ft
$329 Price per Sq Ft

About This Home

This prime triplex in the heart of Exposition Park offers investors a rare opportunity to add tremendous value and boost cash flow through the development of three ADUs. With a current 6.74% cap rate and 10.70 GRM, the property already performs well, but post-ADU projections push returns to a 11.11% cap and 7.33 GRM, with an estimated $1 million in added value. Positioned directly across from the Metro E Line (Exposition Line), tenants benefit from immediate access to Downtown LA, Santa Monica, and key employment and entertainment hubs. This strategic location also just blocks from USC, making it ideal for student housing and maximizing rental income per bedroom.The property sits in a vibrant cultural and recreational hub, walking distance to: Natural History Museum, California Science Center, Los Angeles Memorial Coliseum, Banc of California Stadium, The Rose Garden, IMAX Theater and much more.With a Walk Score of 74 and a Bike Score of 82, this area is highly accessible and increasingly attractive to young professionals and students alike. ***Contact us today to request the OM or schedule a private tour.***

Listing Agent

Kelly Morgan

KW Advisors License #01898026 Listed on: 07/01/2025

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,483

Year Built

  • Built in 1945

Lot Details

  • 5,957 Sq Ft Lot

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5041-036-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,483

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3024
  • Lot Acreage: 0.1367
  • Stories: 2
  • Year Built: 1945
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 329.03

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Covered Parking, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 41.18
  • Assessed Improvement Value: 375269
  • Assessed Land Percent: 58.82
  • Assessed Land Value: 536099
  • Total Assessed Value: 911368
  • Assessor Parcel Number: 5041-036-029
  • Lot Size Area: 5957

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.70
  • Number Of Units: 3
  • Total Annual Expense: 23094
  • Type Of Units: Apartments
  • Vacancy Rate: 2

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,483 $911,368 $536,099 $375,269
2023 $11,265 $893,499 $525,588 $367,911
2022 $10,746 $875,981 $515,283 $360,698
2021 $10,599 $858,806 $505,180 $353,626
2019 $3,975 $303,160 $191,141 $112,019
2018 $3,888 $297,217 $187,394 $109,823
2016 $3,688 $285,677 $180,118 $105,559
2015 $3,636 $281,387 $177,413 $103,974
2014 $3,666 $275,876 $173,938 $101,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $995,000 +17.1% $329 / Sq Ft
08/13/2019 08/13/19 Sold $850,000 0.0% $281 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $850,000 -- $281 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $850,000 Fidelity National Title
Interfamily Deed Transfer -- Pacific Coast Title
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Ticor Title Company
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $722,500 New Conventional
Previous Owner $460,000 Adjustable Rate Mortgage/ARM
Previous Owner $335,775 FHA
Previous Owner $20,000 Credit Line Revolving
Previous Owner $255,000 Unknown
Previous Owner $230,000 Unknown
Previous Owner $209,447 Unknown
Previous Owner $36,206 Unknown
Previous Owner $11,750 Stand Alone Second
Source: Public Records

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Source: The MLS

MLS Number: 25559815

The MLS

APN: 5041-036-029