5161 W Jefferson Boulevard, Los Angeles, CA 90016

  • $999,000
  • $346
5161 W Jefferson Boulevard, Los Angeles, CA 90016
  • Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 8
  • Bathrooms
  • 2886.00
  • 1949
  • Year Built
For Sale
5161 W Jefferson Boulevard, Los Angeles, CA 90016
  • $999,000
  • $346

Overview

Property ID: SGR-29358079
  • Residential Income
  • Property Type
  • 8
  • Bedrooms
  • 8
  • Bathrooms
  • 2886.00
  • 1949
  • Year Built

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 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.

  • Address 5161 W Jefferson Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90016
  • Area C16 - Mid Los Angeles
  • Country United States

Details

Updated on April 20, 2024 at 12:59 pm
  • Property ID: SGR-29358079
  • Price: $999,000
  • Property Size: 2886.00 m²
  • Land Area: 5641.00 m²
  • Bedrooms: 8
  • Bathrooms: 8
  • Year Built: 1949
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 2886.00
  • MLS#: 24379601
  • Office Name: PACIFIC PLAYA REALTY
  • Agent Name: Obie Nwabuzor
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 02020522

Additional details

  • Cooling: None
  • County: Los Angeles
  • Parking: 4.00

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

What's Nearby?

Please supply your API key Click Here

Contact Information

View Listings
Sankofa Global Realty
  • Sankofa Global Realty

Enquire About This Property

Similar Listings

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Sankofa Global Realty
  • Sankofa Global Realty