tomo logo

$1,485,000

Beds
3
sq ft
3,586

2707 W Jefferson Blvd, Los Angeles, CA 90018

2707 W Jefferson Blvd

Los Angeles, CA 90018

  • 53 days on market
We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 6-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 7.19% 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) two front commercial units (1st floor), (1) one-bedroom unit (2nd floor), (1) two-bedroom unit (2nd floor), a nonconforming studio (2nd 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 7.19% 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.

Details

Property type

Lot size

5,001 sq ft

Price per sq ft

$415

Year built

1912

HOA

No

Price History

10/31/2024
CLAW

CLAW #24458823

Listed
$1,485,000

Schools & Community

Neighborhood: 

Jefferson Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 8:30 AM

Listing updated: 12/05/2024 at 3:05 AM

Listed by: Casey Lins, Kidder Mathews of California, Inc. Phone #: (858) 369-3010

MLS: CLAW #24458823

CLAW logo

Recently listed in Los Angeles