Los Angeles, CA 90016 5161 W Jefferson Boulevard
$999,000
19 more
Presented By: Obie Nwabuzor with Pacific Playa Realty;
Home Details
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.
Presented By: Obie Nwabuzor with Pacific Playa Realty;
Interior Features for 5161 W Jefferson Boulevard
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Total Stories
General for 5161 W Jefferson Boulevard
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Cap Rate11.0
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsNorth of Jefferson, West of La Brea
DisclosuresListingBrokerAdvantage
Entry LocationGround Level - no steps
Facing DirectionEast
Garage Y/NNo
Gross Income14800.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5641.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income172272.0
New ConstructionNo
NumberOfUnitsTotal8
Occupancy TypeTenant
Open Parking Spaces4.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tenant PaysElectricity, Gas
View Y/NNo
Waterfront Y/NNo
Year Built1949
ZoningLACM
Exterior for 5161 W Jefferson Boulevard
Building Area Total2886.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornersMarked
Lot Size Acres0.1295
Lot Size Area5641.0
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking4.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480