CA > Los Angeles
Los Angeles, CA 90018,1885 W Jefferson Blvd
Los Angeles, CA 90018,1885 W Jefferson Blvd
Los Angeles, CA 90018,1885 W Jefferson Blvd
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$3,995,000
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2 BD
2 BA
13,331 SqFt
Active

1885 W Jefferson Blvd Los Angeles, CA 90018

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Chance Vanek

Chance Vanek

+1(702) 305-3777

UPDATED:

10/17/2024 09:25 PM

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

Acres 0.3881

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

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Chance Vanek

Agent | RE.S.0066702

+1(702) 305-3777

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1885 W Jefferson Blvd