$3,995,000
1885 Jefferson Boulevard, Los Angeles 90018
13,331
Square feet
16,906
Lot Size
21
# Of Units
Listing Agent
Keith Moret - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
MLS® # | 24382919 |
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Price | $3,995,000 |
Bathrooms | 0.00 |
Square Footage | 13,331 |
Lot Size | 16,906 |
Year Built | 1912 |
Type | Residential Income |
Status | Active |
# Of Units | 21 |
Community Information
Address | 1885 Jefferson Boulevard |
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Area | C16 - Mid Los Angeles |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90018 |
Amenities
Parking Spaces | 14 |
---|---|
Parking | Controlled Entrance |
Garages | Controlled Entrance |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Disposal |
---|---|
Heating | Forced Air |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | April 20th, 2024 |
---|---|
Days on Market | 13 |
Zoning | LAC2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Keith Moret |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |