1885 West Jefferson Boulevard

Los Angeles, CA 90018

$3,995,000
Price
2
Beds
2
Baths
13,331 Sq. Ft.
$300 / Sq. Ft.
13,331
Sq. Ft.
$300
per Sq. Ft.

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...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.
  1. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1885 West Jefferson Boulevard

Zoning
LAC2
Cross Streets
St Andrews & Jefferson Blvd
Parcel Number
5053007039
Total Units
21.0
Living Area
13331
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
5%
LISTING UPDATED: 10/17/2024 02:25 PM

Property Details for 1885 West Jefferson Boulevard

StatusActive
MLS #24-382919
Days on Market241
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.39 AC / 16,906 SF
CountyLos Angeles County

Building Information for 1885 West Jefferson Boulevard

Stories2Residences-Year Built1912Building Size-Lot Size0.39 AC / 16,906 SF

Property Information for 1885 West Jefferson Boulevard

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • Direction Faces: South
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $541,068
  • Net Operating Income: $363,314.00
  • Gross Income: $541,068
  • Cap Rate: 9.09%
  • Gross Rent Multiplier: $8.72
  • Actual Annual Gross Rent: $541,068.00
  • Actual Gross Annual Income: $541,068
  • Actual Rent Total: $541,068.00
  • Financial Info as Of: 04/15/2024
  • Total Annual Expense: 150701
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.3881
  • Lot Size Square Feet: 16906
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance
  • Total Parking: 14
  • Open Other Spaces Total: 14
  • Parking Features: Controlled Entrance
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $2,027.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $12,164.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,195.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,950.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,395.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $9,765.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $782,707.00
  • Assessed Improvement Percent: 29.8
  • Assessed Land Value: $1,844,186.00
  • Assessed Land Percent: 70.2
  • Assessed Total Value: $2,626,893.00

Property History for 1885 West Jefferson Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1885 West Jefferson Boulevard

Taxable ValueLand$1,881,069Additions$798,361Total$2,679,430
Tax Record2024$34,162 ($2,847 / month)
Home Facts
Total Finished SqFt13,331 SqFtAbove Grade Finished SqFt13,331 SqFtStories1Lot Size16,901 SqFtStyleOffice BuildingYear Built1912ZoningLAC2CountyLOS ANGELESAPN5053-007-039

Schools near 1885 West Jefferson Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - 1 to 5
Charter - 9 to 12
Rating
School
Distance
Foshay Learning Center
PublicK to 12

Susan Miller Dorsey Senior High School
Public9 to 12

Math And Science College Preparatory
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1885 West Jefferson Boulevard is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on April 20, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $3,995,000. It has been on the market for a total of 241 days and was last sold on May 2, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Foshay Learning Center, Susan Miller Dorsey Senior High School and Mid-City's Prescott School Of Enriched Sciences. 1885 West Jefferson Boulevard is a 2-bed, 2-bath, 13,331 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Keith Moret, DRE #01802527; Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.