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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

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

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

Price £3,972,483
Price Per SF £275
Sale Type Investment or Owner User
Net Initial Yield 9.24%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.32 AC
Rentable Building Area 14,448 SF
Number of Floors 2
Year Built 1932
Tenancy Single
Parking Ratio 1.28/1,000 SF

AMENITIES

  • Air Conditioning
  • Smoke Detector

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4313-021-036
  • 4313-021-035
Land Assessment
£296,770
Improvements Assessment
£58,689
Total Assessment
£355,458

ZONING

Zoning Code HJ (EC)
HJ (EC)
  • Listing ID: 31253463

  • Date on Market: 18/03/2024

  • Last Updated:

  • Address: 9190-9200 Exposition Dr, Los Angeles, CA 90034

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