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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.

Features
: Forced air
2
0
Additional Information
Lyon Stahl Investment Real Estate, Inc.
0
CLW-X91371
CLW-X82195
Keith
5053007039
: Standard
Two
32

Multi-Family For Sale

1885 Jefferson Boulevard, Los Angeles, California 90018

13,331 Sqft
$3,995,000
Listing ID #24382919
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24382919
Price : $3,995,000
Living Area : 13,331 Sqft
Lot Size : 16,906 Sqft
Year Built : 1912
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90018
Price Per Square Foot : $300
ModificationTimestamp : 2024-04-28 05:23:17
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