Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1885 Jefferson Boulevard, Los Angeles, CA 90018
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    1885 Jefferson Boulevard
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    • MLS#: 24382919 ( )
    • Street Address: 1885 Jefferson Boulevard
    • Viewed: 25
    • Price: $3,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1912
    • Bldg sqft: 0
    • Days On Market: 349
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90018
    • Provided by: Lyon Stahl Investment Real Estate, Inc.
    • Contact: Keith Keith
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We are thrilled to present a 21 Unit mixed use compound in Jefferson Park that will be delivered 100% vacant at close of escrow. The property consists of 15 residential units, and 6 commercial units totaling 13,331 RSF. It is perfectly positioined for an investor seeking a high cash flow property. Potential uses include Project Based Section 8, Permanent Supportive Housing, or a creative application such as "Live Work" use. With the units being deivered all vacant, a new owner has the opportunity to lease out at Section 8 rents and generate an unheard of 9.09% cap rate! The property has had significant upgrades in the past 5 years including plumbing, electrical service, sewer, HVAC, roof, and interior renovations. There are 14 parking spaces on the 16,906 lot, and the zoning is Lac2. The location is ideal and central to University Park, USC and West Adams. It is 1/2 mile to the Expo Line/Western Station, and in close proximity to Exposition Park, California Science Center, and the Lucas Museum.
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    Features
    Appliances
    1. Disposal
    Building Area Total
    1. 13331.00
    Country
    1. US
    Direction Faces
    1. South
    Heating
    1. Forced Air
    Levels
    1. Two
    Netoperatingincome
    1. 363314.00
    Parcel Number
    1. 5053007039
    Parking Features
    1. Controlled Entrance
    Postalcodeplus4
    1. 3434
    Sourcesystemkey
    1. 24-382919:CLAW
    Totalexpenses
    1. 150701.00
    Uncovered Spaces
    1. 14.00
    Views
    1. 25
    Year Built
    1. 1912
    Zoning
    1. LAC2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836