$3,995,000
1885 W Jefferson BLVD Los Angeles, CA 90018
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$3,995,000
Est. payment /mo
2 Beds
2 Baths
13,331 SqFt
UPDATED:
10/17/2024 09:50 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,331 sqft
Price per Sqft $299
MLS Listing ID 24382919
Bedrooms 2
HOA Y/N No
Year Built 1912
Lot Size 0.388 Acres
Property Description
We are thrilled to present a 21 Unit mixed-use compound in Jefferson Park that will be delivered 100% vacant at close of escrow. The property consists of 15 residential units, and 6 commercial units totaling 13,331 RSF. It is perfectly positioined for an investor seeking a high-cash flow property. Potential uses include Project Based Section 8, Permanent Supportive Housing, or a creative application such as "Live-Work" use. With the units being deivered all vacant, a new owner has the opportunity to lease out at Section 8 rents and generate an unheard of 9.09% cap rate! The property has had significant upgrades in the past 5 years including plumbing, electrical service, sewer, HVAC, roof, and interior renovations. There are 14 parking spaces on the 16,906 lot, and the zoning is Lac2. The location is ideal and central to University Park, USC and West Adams. It is 1/2 mile to the Expo Line/Western Station, and in close proximity to Exposition Park, California Science Center, and the Lucas Museum.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Heating Forced Air
Fireplace No
Appliance Disposal
Exterior
Garage Controlled Entrance
Parking Type Controlled Entrance
Total Parking Spaces 14
Building
Faces South
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5053007039
Special Listing Condition Standard
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Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935