HouseCanary, Inc. Brokerage
2705 W Jefferson Blvd., Los Angeles, CA 90018
Multifamily-- Bed7 Baths3,586 Sq Ft38 Days on Market
Listing Agent & Comments
Casey Lins • Kidder Mathews of California, Inc.
310-692-1814 • Casey.Lins@kidder.com License #01902650We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 7-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 8.72% 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)front commercial units (1st floor), (3)one-bedroom units (2nd floor), a nonconforming studio unit (first 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 8.72% 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.
MLS# 25494677 • Data provided by CRMLS
Living Area | 3,586 Sq.Ft. |
---|---|
Lot Size | 5,001 Sq.Ft. |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | 7 |
Stories | 2 |
Year Built | 1912 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by CRMLS.
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More Information On This Home
This home's estimated value
$1,378,289
ComeHome Estimated Value
What influenced our estimate?
Typical homes in this area are on average 1,933 sq. ft., sit on a 6,250sq. ft. lot, and have 2 bathrooms.
Home
1653 square feet larger than the typical square footage
+ $158,300 to value
Baths
5 more baths than the typical bath count
+ $120,400 to value
Lot Size
1250 square feet smaller than the typical lot size
- $10,700 to value
This property is missing data for:
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For Sale $1,395,000
Estimated monthly payment $7,150
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Courtesy of Kidder Mathews of California, Inc.