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
October 17, 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
180
Garage
No
Parking
Controlled Entrance
Parking Total
14
View
No
County
Los Angeles
Pool
No
Zoning
LAC2
Listing History
Date | Event | Price |
---|---|---|
10/11/2024 | Active | — |
9/6/2024 | Under contract | — |
Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-617-2240
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/17/2024