5161 Jefferson Boulevard, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90016
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- MLS® #:
- 24379601
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- Bedrooms:
- 8
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- Bathrooms:
- 8
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- Square Ft:
- 2,886
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- Lot Size:
- 0.13
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- Levels:
- One
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 18th, 2024 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.