5161 West Jefferson Boulevard
5161 West Jefferson Boulevard
$999,000
8
8
2,886
2,886
$346
Description
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...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.
- Listed by Obie Nwabuzor • DRE #02020522 • Brokerage DRE #01706157 • Pacific Playa Realty
Property Details for 5161 West Jefferson Boulevard
Zoning
LACM
StyleTraditional
Parcel Number5049022038
Total Units8.0
Living Area2886
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0
Location
LISTING UPDATED: 04/20/2024 12:01 AM
Property Details for 5161 West Jefferson Boulevard
Status | Active |
---|---|
MLS # | 24-379601 |
Days on Market | 50 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
Lot Size | 0.13 AC / 5,641 SF |
County | Los Angeles County |
Location
Building Information for 5161 West Jefferson Boulevard
Stories-Residences-Year Built1949Building Size-Lot Size0.13 AC / 5,641 SF
Payment Calculator
$5,688 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5161 West Jefferson Boulevard
Property History for 5161 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 5161 West Jefferson Boulevard
Taxable ValueLand$50,192Additions$75,306Total$125,498
Tax Record2023$2,832 ($236 / month)
Home Facts
Total Finished SqFt2,886 SqFtAbove Grade Finished SqFt2,886 SqFtLot Size5,641 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLACMCountyLOS ANGELESAPN5049-022-038
Schools near 5161 West Jefferson Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Cienega Elementary School PublicK to 5 | ||
Stella Middle Charter Academy Charter5 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
New Los Angeles Elementary School CharterK to 5 |
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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