Active
5161 W Jefferson Blvd
Los Angeles CA, 90016
$999,000
$346.15 per sqft
Active
8 Beds
2,886 sqft
Residential
Built in 1949
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.
24-379601
MLSⓇ ID
April 12, 2024
Listed
April 24, 2024
Updated
Map
5161 W Jefferson Blvd
Los Angeles CA, 90016
Interior Features
Total Stories
0
Bedrooms
8
Appliances
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Corners Established, Fenced Yard
Architectual Style
Traditional
Other Property Details
Area Name
Mid Los Angeles
Days on Market
8
Garage
No
Parking
Driveway
Parking Total
4
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LACM
Listed by Obie Nwabuzor with Pacific Playa Realty
Listing Contact: 310-200-4649
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/24/2024