9190 Exposition BlvdLos Angeles, CA 90034

Property Details for 9190 Exposition Blvd

Year built

1932

Property size (Sq ft)

14,448 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional mixed-use investment opportunity encompasses two adjoining buildings totaling 14,448 square feet situated on Exposition Boulevard in Los Angeles, CA 90034. The property, offered at $6,500,000 ($449.89/SF), boasts a pro-forma cap rate of 6.84% and a pro-forma NOI of $444,847. Building 1 (9190 & 9200 Exposition Blvd., APN 4313-021-036), a two-story structure built in 1932, features eight recording studios on the ground floor and a second floor with a two-bedroom apartment and large open space suitable for warehouse or office use. Building 2 (9214 Exposition Blvd., APN 4313-021-035), a single-story building constructed in 1922, includes seven sound studios and office space. Both buildings are currently vacant and will be delivered vacant at closing. The 13,736 square foot lot provides six parking spaces. Completed Phase I and II environmental assessments revealed no issues. The property is zoned LAMR1 and is conveniently located near the Metro line, I-10 freeway, shopping, dining, and recreation. This is an "as is, where is" sale

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0281

Longitude

-118.395

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