Listing Detail

IAG

1885 W Jefferson Blvd, Los Angeles, CA 90018

Great mixed-use property in Jefferson Park HPOZ.

FOR SALE after 44 years. Only about 1.4 miles from USC. Easy access to Santa Monica and Downtown LA via I-10 FWY or Expo line. Just 0.7 miles from the Western Ave. Metro Station. Property has had un-permitted conversions done over the years. Total no. of gas meters = 5; total electric meters = 10. Total number of legal/permitted units is unknown.

Court appointed fiduciary and their agents cannot make any representations as to which units are permitted, and which units are not-permitted. Buyer to investigate. 16 of 20 current units will be delivered vacant at close of escrow (COE). Only 2 of the residential units, and 2 of the commercial units will remain occupied at COE. All tenancy are month to month. As of Nov. 15, 2018, there were no known open code violations on the subject property. However, buyer to conduct their own due diligence. Sold AS IS and Where Is. Only offers with no loan and/or appraisal contingencies will be considered.

Property Highlights
Street 1885 W Jefferson Blvd
City Los Angeles
State CA
Zip 90018
Status Sold
Property Type Commercial
Asking Price $2,495,000
Year Built 1912
Building Sq Ft 13,331
Number of units 20
CAP Rate 6.06
GRM 9.49
Broker Name Vineendra Jain
Telephone 310-207-2288
Email [email protected]
Brochure file Download 1885 W Jefferson Blvd._Property Analyses_Final.pdf
Use Mixed Use
<< Back