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 | |
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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 |
sales@iagpm.com | |
Brochure file | 1885 W Jefferson Blvd._Property Analyses_Final.pdf |
Use | Mixed Use |