1254 Exposition Boulevard, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,274,999
1254 Exposition Boulevard, Los Angeles, California 90007
0Bed
0Bath
1,872Sqft
4,692Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Directly adjacent to USC (half a mile, steps from campus), ensuring high demand for student housing and a prime University Park location.
Top Cons:
Significant Price Appreciation: The current list price of $1.27M represents a substantial increase from its $500K sale price in 2019, necessitating thorough due diligence on valuation and market comparables.
Compared to the nearby listings
Price:$1.27M vs avg $1.25M (+$24,999)80%
Size:1,872 sqft vs avg 4,858 sqft20%
Price/sqft:$681 vs avg $25780%
More Insights
Built in 1923 (102 years old).
Condition: Despite being built in 1923, the property has undergone a full and meticulous renovation, as explicitly stated in the description and clearly evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes. Bathrooms are updated with contemporary vanities, subway tile surrounds, and modern fixtures. Throughout the units, there are consistent hardwood floors (or high-quality laminate), fresh paint, and modern recessed lighting or ceiling fans. All components appear new or virtually new, meeting current quality standards and indicating no deferred maintenance, making it a turnkey property.
Year Built
1923
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
DW25032532
Home ConditionExcellent
Features
View-
About this home
PRIME USC-Adjacent Investment Opportunity! Fully Remodeled Triplex | Steps from Campus Stunning, fully renovated triplex just half a mile from USC. This turnkey investment property features three similar 2-bed/1-bath units, each meticulously updated. With 1,872 total square feet of living space – perfect for student housing or long-term tenants. Maximize your rental income in this prime University Park location. Don't miss this exceptional opportunity to own a completely refreshed, low-maintenance income property in one of LA's most stable rental markets.
Price History
Date
Event
Price
05/10/19
Sold
$500,000
Condition Rating
Excellent
Despite being built in 1923, the property has undergone a full and meticulous renovation, as explicitly stated in the description and clearly evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes. Bathrooms are updated with contemporary vanities, subway tile surrounds, and modern fixtures. Throughout the units, there are consistent hardwood floors (or high-quality laminate), fresh paint, and modern recessed lighting or ceiling fans. All components appear new or virtually new, meeting current quality standards and indicating no deferred maintenance, making it a turnkey property.
Pros & Cons
Pros
Exceptional Location: Directly adjacent to USC (half a mile, steps from campus), ensuring high demand for student housing and a prime University Park location.
Turnkey Investment: The triplex is fully renovated, meticulously updated, and described as 'turnkey' and 'low-maintenance,' minimizing immediate capital expenditures for a new owner.
Strong Income Potential: Features three similar 2-bed/1-bath units, ideal for maximizing rental income, particularly in the robust student housing market.
Stable Rental Market: Located in one of Los Angeles's most stable rental markets, suggesting consistent occupancy rates and reliable cash flow.
Multi-Unit Property: As a triplex, it offers diversified income streams and potentially higher cash flow compared to single-family residential investments.
Cons
Significant Price Appreciation: The current list price of $1.27M represents a substantial increase from its $500K sale price in 2019, necessitating thorough due diligence on valuation and market comparables.
Age of Building: Built in 1923, the property's age, despite renovations, may still present underlying structural or systemic issues (e.g., plumbing, electrical) that could lead to future maintenance costs.
Specific Tenant Niche: While ideal for students, the consistent 2-bed/1-bath unit configuration might limit appeal to other tenant demographics or future resale value if market preferences shift away from student housing.