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5161 W Jefferson Blvd
Los Angeles CA 90016 US

$999,000

Active Listing ID 24-379601
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8 bed
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Lot: 0.13 Acres
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Other

$999,000

Active Listing ID 24-379601
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5161 W Jefferson Blvd 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.

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Residential
  • Property Sub-type: Other

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 999000
  • unparsedaddress: 5161 W Jefferson Blvd
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90016
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1295
  • lotsizeunits: Acres
  • lotsizearea: 0.1295
  • livingarea: 2886
  • livingareaunits: Square Feet
  • latitude: 34.025756
  • longitude: -118.357107
  • listagentfullname: Obie Nwabuzor
  • listagentemail: bimaxhomes@gmail.com
  • listagentkey: 3yd-CLAWCA-C126333
  • listagentmlsid: C126333
  • listagentpreferredphone: 3102563040
  • listagentofficephone: 3102563040
  • listofficekey: 3yd-CLAWCA-X78900
  • listofficemlsid: X78900
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1949
  • listingcontractdate: 2024-04-12
  • listagenturl: http://kwpacificplaya.com
  • countyorparish: Los Angeles
  • parcelnumber: 5049-022-038
  • constructionmaterials: Stucco
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 4
  • parkingfeatures: Driveway
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: New Traditional
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.357107, 34.025756
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Listing Changed: 4/13/2024 7:06:32 PM GMT
Source Updated Date: 5/7/2024 6:38:15 AM GMT

Courtesy of: Obie Nwabuzor, Pacific Playa Realty, bimaxhomes@gmail.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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