Listed By Pacific Playa Realty, Obie Nwabuzor
5161 W JEFFERSON BLVD Los Angeles, CA 90016
$999,000
8
Bedrooms
8
Total Baths
—
Full Baths
2,886
Square Feet
0.13
Acres
1949
Year Built
Active
Status
MLS#
24-379601
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.
Details for 5161 W JEFFERSON BLVD
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Pacific Playa Realty, 310-256-3040
MLS# 24-379601
Updated 7:47AM - 5/3/2024
Listing Agent Obie Nwabuzor, 310-200-4649
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