We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 7-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 8.72% cap rate.Built in 1912/1950, this opportunity is comprised of two separate structures totaling 3,586 rentable square feet that is situated on a 5,001 square foot LAC2 zoned lot with alley access. The unit mix consists of (2)front commercial units (1st floor), (3)one-bedroom units (2nd floor), a nonconforming studio unit (first floor), plus a three-bedroom single family freestanding home located in the rear of the property. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property into a 8.72% pro forma and ultimately provides flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents along with an additional value add component with legalizing the studio unit. 2707 W Jefferson Blvd is situated in a transit-oriented location near numerous bus stops that is realizing tremendous growth and transition due to its proximity to West Adams, Koreatown, USC and Downtown Los Angeles. Local favorite community establishments consist of Harold & Belle’s, CAFE5, Highly Likely, and much more throughout this Jefferson Blvd corridor.
Property Details
Price:
$1,395,000
MLS #:
25494677
Status:
Active
Baths:
0
Address:
2705 W Jefferson Boulevard
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 5, 2025
State:
CA
ZIP:
90018
Lot Size:
5,001 sqft / 0.11 acres (approx)
Year Built:
1912
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Gated
Parking Spots
2.00
Stories Total
2
Financial
Map
Community
- Address2705 W Jefferson Boulevard Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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2705 W Jefferson Boulevard
Los Angeles, CA
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