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$749,000
Listing Price5beds
2baths
1,057sqft
2,667sqft lot
1109 Exposition Blvd, Los Angeles, CA 90007
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
We are pleased to present a rare opportunity to acquire a vacant, fully renovated, rent-ready student housing single-family residence located just one block from the University of Southern California (USC) in the highly sought-after DPS Patrol Zone. This 5-bedroom + 2-bathroom home offers approximately 1,057 square feet of rentable space on a 2,667 square foot LARD2-zoned lot, making it ideally suited for student housing or co-living arrangements. The property has recently undergone extensive renovations, including a brand-new kitchen, updated bathrooms with modern tile work and glass shower enclosures, new vinyl plank flooring throughout, and fresh interior and exterior paint. A dedicated on-site laundry area is conveniently located outside of the property. Given its premier location just steps from campus and the USC Village, the property offers exceptional income potential. Each bedroom can achieve approximately $1,500 per month, resulting in a projected gross income of $7,500 per month. Additionally, tenants are responsible for all utilities, including water, trash, gas, and electricity, helping keep operating expenses low and maximizing net income for the owner. The investment is priced at a 8% cap rate, an excellent cash-flow opportunity. Beyond its proximity to USC, the property is within walking distance to the Metro Expo Line, providing easy access to Downtown Los Angeles and the Westside. It is also located near Exposition Park, home to major attractions such as the
Interior Details
1057
5
2
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
2667
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$4,809
$318,362
$79,590
--%
$397,952
2019
$4,809
$312,120
$78,030
--%
$390,150
2018
$4,747
$306,000
$76,500
--%
$382,500
2017
$4,644
$300,000
$75,000
--%
$375,000
2016
$2,292
$49,124
$130,294
--%
$179,418
2014
$3,333
$180,000
$80,000
--%
$260,000
2013
$2,269
$47,226
$125,256
--%
$172,482
2012
$2,009
$102,000
$48,348
--%
$150,348
Average Home Price in 90007
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





