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9190-9200 Exposition Dr
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9190-9200 Exposition Dr
14,448 SF Industrial Building Los Angeles, CA 90034 £3,972,483 (£275/SF) 9.24% Net Initial Yield
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INVESTMENT HIGHLIGHTS
- Probate Sale. Subject to Court confirmation and overbidding in Court.
- For sale after 46 years!
- Environmental Phase I (completed July 2023), and Phase II (completed Oct. 2023), concluded no issues discovered and no further assessment is warrante
- Two adjoined commercial/office/mixed use buildings on Exposition Blvd./Venice Blvd., zoned HJ (EC).
- Both buildings are currently vacant and will be delivered vacant at close of escrow.
- Both properties need to be sold together to one buyer.
EXECUTIVE SUMMARY
Probate Sale. Subject to Court confirmation and overbidding in Court. Property is being sold AS IS and WHERE IS without warranty expressed or implied. Both properties need to be sold together to one buyer. Two adjoined commercial/office/mixed use buildings on Exposition Blvd./Venice Blvd., zoned HJ (EC). For sale after 46 years! In the heart of bustling Culver City and Palms/Mar Vista, next to Metro line. Building 1: 9190 & 9200 Exposition Blvd. (APN # 4313-021-036) is a 2 story bldg., built in 1932, with 8 recording studios on the 1st floor made in the last 5 years, without permits. The 2nd floor has a 2 bedroom apartment, and large open space for warehouse/storage/some offices. Potential to convert the 2nd floor to creative office spaces. Building 2: 9214 Exposition Blvd. (APN # 4313-021-035) is a single story building, built in 1922, with 7 sound studios and office space. Excellent income potential. Both buildings are currently vacant and will be delivered vacant at close of escrow. Environmental Phase I (completed July 2023), and Phase II (completed Oct. 2023), concluded no issues discovered and no further assessment is warranted. Minutes away from I-10, public transportation, shopping centers, restaurants, and recreation. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Neither Seller nor Broker/Agents guarantee the accuracy of the square footage, lot size, permits or other information concerning the conditions or features of the Property. Buyer is advised to independently verify the accuracy of all information through personal inspections and with the appropriate professionals. Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations, and assume all responsibilities.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
£470,495
![]() |
£32.56
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
£470,495
![]() |
£32.56
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
£79,722
![]() |
£5.52
![]() |
Net Operating Income |
£390,773
![]() |
£27.05
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FINANCIAL SUMMARY (PRO FORMA - 2024)
Gross Rental Income | |
---|---|
Annual | £470,495 |
Annual Per SF | £32.56 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £470,495 |
Annual Per SF | £32.56 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £79,722 |
Annual Per SF | £5.52 |
Net Operating Income | |
---|---|
Annual | £390,773 |
Annual Per SF | £27.05 |
PROPERTY FACTS
AMENITIES
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £58,689 | |
Land Assessment | £296,770 | Total Assessment | £355,458 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£296,770
Improvements Assessment
£58,689
Total Assessment
£355,458
ZONING
Zoning Code | HJ (EC) |
HJ (EC) |
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9190-9200 Exposition Dr
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