100% Vacant - 21 Units Mixed Use | 1885-1899 W Jefferson Blvd
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100% Vacant - 21 Units Mixed Use 1885-1899 W Jefferson Blvd
21 Unit Block of Flats £3,183,496 (£151,595/Unit) 9.09% Net Initial Yield Los Angeles, CA 90018
Investment Highlights
- VACANT: Delivered 100% vacant!
- WELL MAINTAINED: Property has gone through significant upgrades!
- UNIT MIX: 15 residential + 6 commercial.
Executive Summary
We are pleased to present a 21-unit mixed-use compound that will be delivered 100% vacant at the close of escrow!
Consisting of 15 residential units + 6 commercial units within ± 13,331 SF of building, the property is well positioned for an investor seeking a high-cash-flowing property or a non-profit seeking a 100% vacant property for various government programs. Throughout the past 5 years, the property has gone through recent significant upgrades, which include upgraded plumbing, electrical, interior renovations, and fire sprinklers.
With the property being delivered 100% vacant, a new owner has the ability to lease out the units via Section 8, providing potential to operate the property at an unheard of 9.09% CAP rate!
Located on the corner of Jefferson Blvd and St. Andrews Place within Jefferson Park and just a 5-minute drive from both USC and West Adams, the building caters to a wide range of tenants. The property has approximately 15 parking spaces, giving a new owner the ability to provide much desired parking to the tenant community.
Contact the listing team for additional information.
Consisting of 15 residential units + 6 commercial units within ± 13,331 SF of building, the property is well positioned for an investor seeking a high-cash-flowing property or a non-profit seeking a 100% vacant property for various government programs. Throughout the past 5 years, the property has gone through recent significant upgrades, which include upgraded plumbing, electrical, interior renovations, and fire sprinklers.
With the property being delivered 100% vacant, a new owner has the ability to lease out the units via Section 8, providing potential to operate the property at an unheard of 9.09% CAP rate!
Located on the corner of Jefferson Blvd and St. Andrews Place within Jefferson Park and just a 5-minute drive from both USC and West Adams, the building caters to a wide range of tenants. The property has approximately 15 parking spaces, giving a new owner the ability to provide much desired parking to the tenant community.
Contact the listing team for additional information.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£431,161
|
£32.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£21,558
|
£1.62
|
| Effective Gross Income |
£409,603
|
£30.73
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£120,089
|
£9.01
|
| Net Operating Income |
£289,514
|
£21.72
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £431,161 |
| Annual Per SF | £32.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £21,558 |
| Annual Per SF | £1.62 |
| Effective Gross Income | |
|---|---|
| Annual | £409,603 |
| Annual Per SF | £30.73 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £120,089 |
| Annual Per SF | £9.01 |
| Net Operating Income | |
|---|---|
| Annual | £289,514 |
| Annual Per SF | £21.72 |
Property Facts
| Price | £3,183,496 | Apartment Style | Low Rise |
| Price Per Unit | £151,595 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Net Initial Yield | 9.09% | Building Size | 13,331 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 0% |
| Gross Rent Multiplier | 7.38 | Number of Floors | 2 |
| No. Units | 21 | Year Built | 1912 |
| Property Type | Residential | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment |
| Price | £3,183,496 |
| Price Per Unit | £151,595 |
| Sale Type | Investment |
| Net Initial Yield | 9.09% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 7.38 |
| No. Units | 21 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 13,331 SF |
| Average Occupancy | 0% |
| Number of Floors | 2 |
| Year Built | 1912 |
| Parking Ratio | 1.05/1,000 SF |
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Tub/Shower
- Dining Room
- Double Pane Windows
- Office
Site Amenities
- Controlled Access
- Fenced Lot
- Gated
- Conference Rooms
- Multi Use Room
- Public Transportation
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5053-007-039 | Improvements Assessment | £636,190 |
| Land Assessment | £1,498,967 | Total Assessment | £2,135,157 |
PROPERTY TAXES
Parcel Number
5053-007-039
Land Assessment
£1,498,967
Improvements Assessment
£636,190
Total Assessment
£2,135,157
zoning
| Zoning Code | LAC2 |
| LAC2 |
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100% Vacant - 21 Units Mixed Use | 1885-1899 W Jefferson Blvd
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