2707 W Jefferson BLVD Active

Los Angeles,CA 90018

$ 1485000

3 Beds

7 Baths

3586 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,586 sqft

Price per Sqft $414

MLS Listing ID 24458823

Bedrooms 3

HOA Y/N No

Year Built 1912

Lot Size 5,000 Sqft

Property Description

We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 6-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 7.19% cap rate.Built in 1912/1950, this opportunity is comprised of two separate structures totaling 3,586 rentable square feet that is situated on a 5,001 square foot LAC2 zoned lot with alley access. The unit mix consists of (2) two front commercial units (1st floor), (1) one-bedroom unit (2nd floor), (1) two-bedroom unit (2nd floor), a nonconforming studio (2nd floor), plus a three-bedroom single family freestanding home located in the rear of the property. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property into a 7.19% pro forma and ultimately provides flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents along with an additional value add component with legalizing the studio unit. 2707 W Jefferson Blvd is situated in a transit-oriented location near numerous bus stops that is realizing tremendous growth and transition due to its proximity to West Adams, Koreatown, USC and Downtown Los Angeles. Local favorite community establishments consist of Harold & Belle's, CAFE5, Highly Likely, and much more throughout this Jefferson Blvd corridor.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Heating None

Cooling None

Fireplace No

Exterior

Garage None

Parking Type None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5051037016

Special Listing Condition Standard

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