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$999,000
8 bed
2,886 Sqft
5,641 Sqft lot

5161 W Jefferson Boulevard, Los Angeles, California 90016

  • Residential Income Property Type
  • 79 Days Time on market
  • $346 Price per sqft
  • 1949 Year Built
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.

Basic Details
Residential Income
Buy
24379601
$999,000
8
2,886 Sqft
1949
5,641 Sqft
Active
Condos/Co-ops
Features
: Traditional
4
$0
Address
CA
Los Angeles
Los Angeles
90016
5161 W Jefferson Boulevard
5161
Boulevard
0
W119° 38' 34.4''
N34° 1' 32.7''
W
Additional Information
79
1
1
0
8
: One
1
2,886 Sqft
0 Sqft
0 Sqft
0.13 Sqft
5,641 Sqft
1
: No Common Walls
0 Sqft
LACM
5049022038
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
12/04/2024 13:11:55
$0
: Standard
North of Jefferson, West of La Brea
Pacific Playa Realty
Obie Nwabuzor
CLW-X78900
CLW-C126333
$0
11
: Stucco
East
1
: Corners Marked
1
0
0
1
8
8
8
1
14800
US-06037-N-5049022038-R-N
12/04/2024 20:17:40
Jefferson
C16 - Mid Los Angeles
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