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

Powered byLuxury Presence