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9190 ,9200-14 Exposition Boulevard

Los Angeles (City), CA 90034
  • $6,500,000
  • STATUS: Active
  • ON SITE: 229 Days
  • ID#: 24369499
UPDATED: 52 min ago
$6,500,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1932
County:

School Ratings & Info

Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)


Description

Trust Sale. Court confirmation MAY be required. If required, sale will be subject to overbidding in Court. 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. Both properties are to be sold together to one buyer. Minutes away from I-10, public transportation, shopping centers, restaurants, and recreation. Sold AS IS and WHERE IS. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T13:29:26.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.judyb-armstrong.homes/homes/148691080
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9190 ,9200-14 Exposition Boulevard Los Angeles (City), CA 90034

  • Price: $6,500,000
  • Status: Active
  • On Site: 229 Days
  • Updated: 52 min ago
  • ID#: 24369499
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1932
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - Beverlywood Vicinity
Property Description
Trust Sale. Court confirmation MAY be required. If required, sale will be subject to overbidding in Court. 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. Both properties are to be sold together to one buyer. Minutes away from I-10, public transportation, shopping centers, restaurants, and recreation. Sold AS IS and WHERE IS. 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.
Exterior Features

Construction Materials FrameStucco Lot Features Corner LotIrregular LotNear Public TransitStreet Level Parking Total 6 Roof FlatRolled/Hot Mop

Interior Features

Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash Cap Rate 6.84 Disclosures Trust/Conservatorship Electric Expense 11400 Gross Scheduled Income 49300 Insurance Expense 6500 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Maintenance Expense 11832 Net Operating Income 444847 Other Expense 7116 Security Features Fire Sprinkler SystemSmoke Detector(s) Special Listing Conditions Standard Trash Expense 5400 Water Source Public Zoning HJ (EC)



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T13:29:26.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372526175-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372526175-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372526175-2.jpg
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Judy Barsamian Armstrong | Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)