$999,000
5161 W Jefferson BLVD Los Angeles, CA 90016
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$999,000
Est. payment /mo
8 BD
8 BA
2,886 SqFt
Active
5161 W Jefferson BLVD Los Angeles, CA 90016
UPDATED:
09/30/2024 06:09 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,886 sqft
Price per Sqft $346
MLS Listing ID 24379601
Bedrooms 8
HOA Y/N No
Year Built 1949
Lot Size 5,641 Sqft
Property Description
Welcome to an exceptional investment opportunity in the heart of West Adams! This fully occupied one-level 8-unit building, formerly a motel, presents a rare chance for investors, end-users and developers alike to capitalize on its unlimited development potential. Comprising seven generously sized single units and one 1-bedroom unit, each equipped with separate kitchen and bathroom, this property is meticulously maintained and ready for its next chapter. Situated on a corner lot in a mixed-use zone in the Archbishop Carl Bean Square, the building offers ample parking directly in front, as well as yard space behind. This property enjoys close proximity to a myriad of amenities, including dining options, the new Costco, light rail public transportation, and more which provides easy access for potential occupants, making it a highly desirable rental destination. With room for rental growth and promising returns on investment, this property presents a lucrative opportunity for savvy buyers. Additionally, its Tier 3 classification and CM-2D-CPIO zoning unlock a world of development possibilities, including potential use as Airbnb units. Pro forma rent is available, showcasing the lucrative potential of this investment. Please note that occupants should not be disturbed, and viewings are drive-by only. Buyers are encouraged to conduct their due diligence and verify all information. Other addresses to look up this property 5163 W Jefferson, 3029 S Sycamore or 3039 S Sycamore.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LACM
Interior
Cooling None
Fireplaces Type None
Fireplace No
Exterior
Garage Driveway
Pool None
Parking Type Driveway
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corners Marked
Faces East
Entry Level One
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5049022038
Special Listing Condition Standard
Listed by Obie Nwabuzor • Pacific Playa Realty
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