5161 W Jefferson Boulevard, Los Angeles, CA 90016
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Listed Price :
$999,000
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Beds :
8
-
Baths :
8
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Property Size :
2,886 sqft
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Year Built :
1949
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
8 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
5161 W Jefferson Boulevard |
| City |
Los Angeles |
| State |
CA |
| Zip |
90016 |
| County |
Los Angeles |
| Listing Agent |
Obie Nwabuzor DRE #02020522 |
| Courtesy Of |
Pacific Playa Realty |
| List Price |
$999,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,886 |
| Lot Size |
5,641 |
| Year Built |
1949 |
Listing information courtesy of: Obie Nwabuzor, Pacific Playa Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
