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$ 1,395,000
Est. payment /mo
New
2705 W Jefferson BLVD Los Angeles, CA 90018
7 Baths
3,586 SqFt
UPDATED:
02/05/2025 08:24 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,586 sqft
Price per Sqft $389
MLS Listing ID 25494677
HOA Y/N No
Year Built 1912
Lot Size 5,000 Sqft
Property Description
We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 7-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 8.72% cap rate.Built in 1912/1950, this opportunity is comprised of two separate structures totaling 3,586 rentable square feet that is situated on a 5,001 square foot LAC2 zoned lot with alley access. The unit mix consists of (2)front commercial units (1st floor), (3)one-bedroom units (2nd floor), a nonconforming studio unit (first floor), plus a three-bedroom single family freestanding home located in the rear of the property. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property into a 8.72% pro forma and ultimately provides flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents along with an additional value add component with legalizing the studio unit. 2707 W Jefferson Blvd is situated in a transit-oriented location near numerous bus stops that is realizing tremendous growth and transition due to its proximity to West Adams, Koreatown, USC and Downtown Los Angeles. Local favorite community establishments consist of Harold & Belle's, CAFE5, Highly Likely, and much more throughout this Jefferson Blvd corridor.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2-HPOZ
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 2
Building
Faces South
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID UNAVAILABLE
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.