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Joe Cloninger

[email protected] +1(323) 386-4663

$ 1,195,000

Est. payment | -/mo

7 Beds

7 Baths

5,264 SqFt

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$ 1,195,000

Est. payment | -/mo

Save

7 Beds

7 Baths

5,264 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,264 sqft

Price per Sqft $227

Subdivision Jefferson Park

MLS Listing ID 26829003

Style Colonial

Bedrooms 7

Year Built 1908

Lot Size 5,217 Sqft

Acres 0.1198

Property Sub-Type Multi-Family

Property Description

***Prime Jefferson Blvd Opportunity!*** Classic 2-story mixed-use building comprised of 7 Units. Retail beneath and 4 residential units on 2nd story. Lovingly cared-for by current owners, with stable, long-term tenants. 3 storefront retail units + 4 residential apartments on an LAC2 lot. This property needs some vision and a new owner can maximize their return by improving the building in the future. For now it is sold as-it-looks and sold as-it-is (as-is). Tremendous future potential in an upcoming area, on a prominent commercial corridor, in the heart of the city. Jefferson Blvd is a major thoroughfare that links USC/Downtown (east) to Culver City (west). Along Jefferson Blvd, there are many popular businesses already, including SOUTH LA CAFE, Harold and Belle's and Highly Likely. Great prominent visibility for businesses that want storefront visibility. Great Playground Park and early education center across the street. Property maximum potential will require some construction investment, so please make your offer assuming an as-is purchase (seller will not offer repair concessions during escrow). Convenient access to exposition rail line nearby. Located in HPOZ Jefferson Park neighborhood, which is a very close knit community featuring some of the most classic examples of historic Craftsman homes in the city. With popular neighborhoods in all directions, this property is a perfect investment if you are looking for a mixed-use property to revamp and maximize. Priced with strong ACTUAL cap rates, even with existing under-market lease prices. Pro-forma future potential is even better.

Location

State CA

County Los Angeles

Area Jefferson Park

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Parking Space

Garage Spaces 6.0

View Y/N No

View None

Building

Architectural Style Colonial

Level or Stories Multi/Split, Two

Others

Special Listing Condition Standard

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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 Keller Williams Realty Los Feliz

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CONTACT US

+1(323) 386-4663

[email protected]

2216 W Jefferson Blvd Los Angeles, CA 90018