$999,000

5161 Jefferson Boulevard, Los Angeles 90016

8

Beds

8

Baths

2,886

Square feet

5,641

Lot Size

8

# Of Units

Listing Agent
Obie Nwabuzor - Pacific Playa Realty

Welcome to an exceptional investment opportunity in the heart of West Adams! This fully occupied one-level 8-unit building, formerly a motel, presents a rare chance for investors, end-users and developers alike to capitalize on its unlimited development potential. Comprising seven generously sized single units and one 1-bedroom unit, each equipped with separate kitchen and bathroom, this property is meticulously maintained and ready for its next chapter. Situated on a corner lot in a mixed-use zone in the Archbishop Carl Bean Square, the building offers ample parking directly in front, as well as yard space behind. This property enjoys close proximity to a myriad of amenities, including dining options, the new Costco, light rail public transportation, and more which provides easy access for potential occupants, making it a highly desirable rental destination. With room for rental growth and promising returns on investment, this property presents a lucrative opportunity for savvy buyers. Additionally, its Tier 3 classification and CM-2D-CPIO zoning unlock a world of development possibilities, including potential use as Airbnb units. Pro forma rent is available, showcasing the lucrative potential of this investment. Please note that occupants should not be disturbed, and viewings are drive-by only. Buyers are encouraged to conduct their due diligence and verify all information. Other addresses to look up this property 5163 W Jefferson, 3029 S Sycamore or 3039 S Sycamore.

Facts & Features

MLS® # 24379601
Price $999,000
Bedrooms 8
Bathrooms 8.00
Square Footage 2,886
Lot Size 5,641
Year Built 1949
Type Residential Income
Style Traditional
Status Active
# Of Units 8

Community Information

Address 5161 Jefferson Boulevard
Area C16 - Mid Los Angeles
City Los Angeles
County Los Angeles
Zip Code 90016

Amenities

Parking Spaces 4
Parking Driveway
Garages Driveway
Is Waterfront No
Has Pool No
Pool None

Interior

Cooling None
Has Basement No
Fireplace No
Fireplaces None
Stories One

Exterior

Exterior Stucco
Lot Description Corners Marked
Construction Stucco

Additional Information

Date Listed April 12th, 2024
Days on Market 18
Zoning LACM
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentObie Nwabuzor
OfficePacific Playa Realty

Listing Map

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