$999,000 Price Analysis 5161 W Jefferson BlvdLos Angeles, CA 90016 8 bed 8 bath 2,886 SqFt ($346/SqFt) 5,641SqFt lot. Built 1949 Listed 2024-04-12, Taxes $2,725 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 dvelopment 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.
Presented by Obiamaka Nwabuzor at
Pacific Playa Realty.
Property MLS #24-379601 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $73,830 + $49,208 $123,038 | $2,725 |
2021 | $72,383 + $48,244 $120,627 | $2,668 |
2020 | $71,641 + $47,750 $119,391 | $2,674 |
2019 | $70,237 + $46,814 $117,051 | $2,260 |
2018 | $68,860 + $45,897 $114,757 | $2,141 |
2017 | $67,510 + $44,998 $112,508 | $2,101 |
2016 | $66,187 + $44,116 $110,303 | $2,023 |
2015 | $65,193 + $43,454 $108,647 | $2,001 |
2014 | $63,916 + $42,603 $106,519 | $2,059 |
2013 | $63,628 + $42,411 $106,039 | $2,050 |
2012 | $62,381 + $41,580 $103,961 | $2,064 |
2010 | $61,158 + $40,765 $101,923 | $2,043 |
2009 | $60,846 + $40,558 $101,404 | $1,982 |
2009 | $60,701 + $40,461 $101,162 | $1,982 |
2008 | $59,653 + $39,763 $99,416 | $1,928 |
2007 | $58,484 + $38,984 $97,468 | $1,871 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.