$3,995,000
1885 W Jefferson Boulevard Los Angeles, CA 90018
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$3,995,000
Est. payment /mo
13,331 SqFt
UPDATED:
10/17/2024 11:57 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,331 sqft
Price per Sqft $299
MLS Listing ID CL24382919
HOA Y/N No
Year Built 1912
Lot Size 0.388 Acres
Acres 0.39
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 Listing
Zoning LAC2
Interior
Heating Forced Air
Fireplace No
Building
New Construction No
Others
Tax ID 5053007039
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Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122