2707 West Jefferson Boulevard
$1,485,000
3
7
3,586
3,586
$414
Description
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...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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
- Listed by Vincent Cook • DRE #02012324 • Kidder Mathews of California, Inc
Property Details for 2707 West Jefferson Boulevard
Zoning
LAC2
Parcel Number5051037016
Total Units6.0
Living Area3586
Source Living AreaAssessor
AreaMid Los Angeles (C16)
Vacancy Rate100%
Lot Size Area5001
LISTING UPDATED: 11/08/2024 12:01 AM
Property Details for 2707 West Jefferson Boulevard
Status | Active |
---|---|
MLS # | 24-458823 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1912 |
Lot Size | 0.11 AC / 5,001 SF |
County | Los Angeles County |
Building Information for 2707 West Jefferson Boulevard
Stories2Residences-Year Built1912Building Size-Lot Size0.11 AC / 5,001 SF
Property Information for 2707 West Jefferson Boulevard
Property History for 2707 West Jefferson Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2707 West Jefferson Boulevard
Taxable ValueLand$643,320Additions$144,745Total$788,065
Tax Record2024$10,045 ($837 / month)
Home Facts
Total Finished SqFt3,586 SqFtAbove Grade Finished SqFt3,586 SqFtStories1Lot Size5,001 SqFtStyleOffice BuildingYear Built1912ZoningLAC2CountyLOS ANGELESAPN5051-037-016
Schools near 2707 West Jefferson Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Sixth Avenue Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
ISANA Nascent Academy CharterK to 8 |
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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