2705-2707 W Jefferson Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90018- Leimert Park
$1,395,000 USD
213-225-7223
2705-2707 W Jefferson Blvd, Los Angeles, CA for Sale
$1,395,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 8.72% Cap Rate

2705-2707 W Jefferson Blvd
Los Angeles, CA 90018
Leimert Park


OVERVIEW

We 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. Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

8.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delivered 100% Vacant - West Adams Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

LAC2

APN/PARCEL ID

5051-037-016

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.