Active

1885 W Jefferson Blvd

Los Angeles CA, 90018

$3,995,000


$299.68 per sqft

Active

2 Beds

2 Baths

13,331 sqft

Multi-family

Built in 1912

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.

24-382919

MLS ID

April 22, 2024

Listed

July 13, 2024

Updated

Map

1885 W Jefferson Blvd
Los Angeles CA, 90018

Interior Features

Total Stories

2


Bedrooms

2


Total Bathrooms

2


Appliances

Garbage Disposal


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.39 Acres

Other Property Details

Area Name

Mid Los Angeles


Days on Market

8


Garage

No


Parking

Controlled Entrance


Parking Total

14


View

No


County

Los Angeles


Pool

No


Zoning

LAC2

Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-617-2240 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Aspire Los Angeles shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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