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We are thrilled to present a 21 Unit mixed-use compound in Jefferson Park that will be delivered 100% vacant at close of escrow. The property consists of 15 residential units, and 6 commercial units totaling 13,331 RSF. It is perfectly positioined for an investor seeking a high-cash flow property. Potential uses include Project Based Section 8, Permanent Supportive Housing, or a creative application such as "Live-Work" use. With the units being deivered all vacant, a new owner has the opportunity to lease out at Section 8 rents and generate an unheard of 9.09% cap rate! The property has had significant upgrades in the past 5 years including plumbing, electrical service, sewer, HVAC, roof, and interior renovations. There are 14 parking spaces on the 16,906 lot, and the zoning is Lac2. The location is ideal and central to University Park, USC and West Adams. It is 1/2 mile to the Expo Line/Western Station, and in close proximity to Exposition Park, California Science Center, and the Lucas Museum.
Property Type(s):
Residential Income
| Last Updated | 10/11/2024 | Year Built | 1912 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
Additional Details
| APPLIANCES | Disposal |
|---|---|
| AREA | Mid Los Angeles |
| GARAGE | Controlled Entrance |
| HEAT | Forced Air |
| LOT | 0.39 acre(s) |
| PARKING | Controlled Entrance |
| STORIES | 2 |
| ZONING | LAC2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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