1885 W Jefferson Blvd Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,331 sqft
Price per Sqft $299
MLS Listing ID 24-382919
Bedrooms 2
Year Built 1912
Lot Size 0.388 Acres
Property 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.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Forced Air
Cooling Ceiling Fan
Equipment Garbage Disposal
Exterior
Garage Controlled Entrance
Garage Spaces 14.0
Building
Story 2
Others
Special Listing Condition Standard