1885 Jefferson Boulevard, Los Angeles, CA 90018
  • MLS#: 24382919 ( )
  • Street Address: 1885 Jefferson Boulevard
  • Viewed: 13
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1912
  • Bldg sqft: 0
  • Days On Market: 273
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90018
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Keith Keith
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Disposal
Building Area Total
  1. 13331.00
Country
  1. US
Direction Faces
  1. South
Heating
  1. Forced Air
Levels
  1. Two
Netoperatingincome
  1. 363314.00
Parcel Number
  1. 5053007039
Parking Features
  1. Controlled Entrance
Postalcodeplus4
  1. 3434
Sourcesystemkey
  1. 24-382919:CLAW
Totalexpenses
  1. 150701.00
Uncovered Spaces
  1. 14.00
Views
  1. 13
Year Built
  1. 1912
Zoning
  1. LAC2