$999,000
- Beds
- 8
- sq ft
- 2,886
5161 W Jefferson Blvd, Los Angeles, CA 90016
5161 W Jefferson Blvd
Los Angeles, CA 90016
- 79 days on market
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.
Details
Property type
Lot size
5,641 sq ft
Price per sq ft
$347
Year built
1949
Price History
04/12/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24379601
Listed
$999,000
-20.02%
03/31/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #23312021
Removed
$1,249,000
10/09/2023
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #23312021
Listed
$1,249,000
Schools & Community
Neighborhood:
West Adams
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/01/2024 at 8:20 AM
Listing updated: 04/20/2024 at 5:22 AM
Listed by: Obie Nwabuzor, Pacific Playa Realty Phone #: (310) 256-3040
MLS: CLAW #24379601
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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