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$1,195,000
Est. payment /mo
7 Beds
7 Baths
5,264 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,264 sqft
Price per Sqft $227
Subdivision Jefferson Park
MLS Listing ID 26829003
Bedrooms 7
HOA Y/N No
Year Built 1908
Lot Size 5,218 Sqft
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 Jfpk - Jefferson Park
Zoning LAC2
Interior
Fireplace No
Exterior
Parking Features One Space
View Y/N No
View None
Total Parking Spaces 6
Building
Faces North
Entry Level Two,Multi/Split
Architectural Style Colonial
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5042002003
Special Listing Condition Standard
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Listed by Jerry Hsieh Keller Williams Realty Los Feliz #01701809
NEARBY SCHOOL & BUSINESS