Search
1885 W Jefferson Blvd, Los Angeles, CA 90018
Image 2 for 1885 W Jefferson Blvd, Los Angeles, CA 90018
Image 3 for 1885 W Jefferson Blvd, Los Angeles, CA 90018
View Photos

1885 W Jefferson Blvd Los Angeles, CA 90018

$3,995,000
  • 11 Beds
  • 16 Baths
  • 13,331 Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 1885 W Jefferson Blvd, Los Angeles, CA 90018

Property Overview: 1885 W Jefferson Blvd Los Angeles, CA has 11 bedrooms, 16 bathrooms, 13,331 living square feet and 16,906 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Keith Moret | BRE #01802527 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 16 minutes ago | Last updated: April 28th, 2024 | Source CRMLS | DOM: 13
Get a $11,985 Cash Reward New

Buy this home with Ardent Real Estate Group and get $11,985 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
16,906
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24382919
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,027
  • Total Rent: $0
  • Pro Forma/Market Rent: $12,164
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,790
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,950
Unit Breakdown 5
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $0
  • Pro Forma/Market Rent: $9,765
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.09%
  • Gross Rent Multiplier: 8.72
  • Gross Scheduled Income: --
  • Net Operating Income: $363,314
  • Gross Operating Income: $541,068
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1885 W Jefferson Blvd

No upcoming open houses

Schedule Tour

Property Details for 1885 W Jefferson Blvd

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Controlled Entrance
Property Information
  • Total # of Units: 21
  • Parcel Number: 5053007039
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Western, East of Arlington, North of Obama Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1885 W Jefferson Blvd

Last sold for $2,450,000 on May 2nd, 2019

  • April, 2024

  • Apr 20, 2024

    Date

    Active

    CRMLS: 24382919

    $3,995,000

    Price

  • October, 2020

  • Oct 31, 2020

    Date

    Expired

    CRMLS: 20583754

    $3,950,000

    Price

  • Oct 9, 2020

    Date

    Withdrawn

    CRMLS: 20583754

    $3,950,000

    Price

  • Sep 19, 2020

    Date

    Active

    CRMLS: 20583754

    $3,950,000

    Price

  • Jul 18, 2020

    Date

    Pending

    CRMLS: 20583754

    $3,950,000

    Price

  • May 28, 2020

    Date

    Active

    CRMLS: 20583754

    $3,950,000

    Price

  • Listing provided courtesy of CRMLS

    This 21 unit mixed-use property is 100% vacant and presents a Blank Canvas for the Successful investor to address our cities' crucial housing shortage while generating a solid profit. The location in Jefferson Park is ideal, between University Park (home of USC) and West Adams, the hottest development market in LA. It is 1 mile from USC campus and 6 blocks from Western/Expo light rail station. There is a multitude of potential uses including Residential/Retail, Co-living/Joint-living, Cannabis Dispensary, Ghost Kitchen, Homeless Supportive Housing, Sober living and (fill in the blank here). Many of the building systems have been upgraded including electrical, plumbing, HVAC, exterior paint/stucco, windows, etc. The interiors have new flooring, lighting, ceiling fans and have been updated in a clean, contemporary/transitional finish. The property is being sold in "As-Is/Where-Is" condition. Buyer to confirm all current and future usage information with City

  • April, 2020

  • Apr 21, 2020

    Date

    Canceled

    CRMLS: 20557532

    $4,550,000

    Price

  • Feb 25, 2020

    Date

    Active

    CRMLS: 20557532

    $4,550,000

    Price

  • Listing provided courtesy of CRMLS

    This is a Rare opportunity to acquire 21 Units Mixed Use in and "Shell Ready" in the extremely desirable Jefferson Park neighborhood. Its just just a mile to the USC campus and a short walk the Western/Expo light rail station. The building systems were completely re-habbed including, new plumbing, electrical, sewer, HVAC, concrete, windows, etc. The units have all been remodeled (except one) to a high quality finish with brand new kitchens, new tile, granite, plumbing & light fixtures, etc. The units will be in "Rent Ready" condition so a new owner can start the cash flowing right away. (Note 3 of the units may be non-conforming- check with City). The property sits in a Qualified Opportunity Zone and is also located in a Transit Oriented Community with Tier 3 status, which portends unlimited appreciation for the future.

  • May, 2019

  • May 3, 2019

    Date

    Sold

    CRMLS: 18407030

    $2,450,000

    Price

  • Feb 22, 2019

    Date

    Price Change

    CRMLS: 18407030

    $2,495,000

    Price

  • Jan 29, 2019

    Date

    Price Change

    CRMLS: 18407030

    $2,573,000

    Price

  • Dec 18, 2018

    Date

    Active Under Contract

    CRMLS: 18407030

    $2,495,000

    Price

  • Nov 28, 2018

    Date

    Active

    CRMLS: 18407030

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale. SALE CONFIRMED IN COURT ON February 22, 2019. FOR SALE after 44 years. Great mixed-use property in Jefferson Park HPOZ, only 1.4 miles from USC. 5 commercial (street retail) units and 2 office spaces. Property has had un-permitted conversions done over the years. 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. All tenancy are month to month. Sold AS IS and Where IS. Income and expenses are projected based on current unit-mix.

  • May, 2019

  • May 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,450,000

    Price

  • May, 2018

  • May 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2018

  • Mar 24, 2018

    Date

    Expired

    CRMLS: PW17038925

    $2,299,000

    Price

  • Feb 3, 2018

    Date

    Active

    CRMLS: PW17038925

    $2,299,000

    Price

  • Jan 3, 2018

    Date

    Hold

    CRMLS: PW17038925

    $2,299,000

    Price

  • Sep 16, 2017

    Date

    Active

    CRMLS: PW17038925

    $2,299,000

    Price

  • Sep 1, 2017

    Date

    Hold

    CRMLS: PW17038925

    $2,299,000

    Price

  • Sep 1, 2017

    Date

    Expired

    CRMLS: PW17038925

    $2,299,000

    Price

  • Jun 13, 2017

    Date

    Hold

    CRMLS: PW17038925

    $2,299,000

    Price

  • Feb 26, 2017

    Date

    Active

    CRMLS: PW17038925

    $2,299,000

    Price

  • Listing provided courtesy of CRMLS

    Don't miss this significant opportunity to own a 20 unit two-story Multi-Use commercial building. Built in 1912 but aged well, this corner lot property rests on 16,901 square feet and has 13,331 Sq Ft building space offering 7 commercial store fronts and 13 residential units.

Show More

Tax History for 1885 W Jefferson Blvd

Assessed Value (2020): $2,499,000
Year Land Value Improved Value Assessed Value
2020 $1,754,400 $744,600 $2,499,000

Home Value Compared to the Market

This property vs the competition

1885 W Jefferson Blvd is listed 226.12% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $299.68 per/sqft which puts the price per square foot 61.28% lower than the median price per square foot for the city of Los Angeles.

About 1885 W Jefferson Blvd

Detailed summary of property

1885 W Jefferson Blvd is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 11 bedrooms, 16 bathrooms, roughly 13,331 living square feet, and sits on an approximately 16,906 square foot lot. 1885 W Jefferson Blvd was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $3,995,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 226.12% higher than the median priced home. Local competing homes currently for sale include 2636 Virginia Rd, 1876 Buckingham Rd and 914 S Gramercy Dr. While the average home in Los Angeles, CA is selling in 96 days, 1885 W Jefferson Blvd has a days on market of 13 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1885 W Jefferson Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1885 W Jefferson Blvd

Public county record property details
Beds
2
Baths
2
Year built
1912
Sq. Ft.
13,331
Lot Size
16,901
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
38,40
APN
5053-007-039

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
50
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

Tour This Home

Buy with Ardent Real Estate Group and save $11,985.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $11,985 Cash Reward New

Buy this home with Ardent Real Estate Group and get $11,985 back.

Call/Text (714) 706-1823

Homes for Sale Near 1885 W Jefferson Blvd

Nearby Homes for Sale

2610 Kenwood Ave, Los Angeles, CA 90007
$3,895,000
12 Beds
12 Baths
7012 Sq.Ft.
2610 Kenwood Ave
Los Angeles, CA 90007
1819 S Gramercy Pl, Los Angeles, CA 90019
$4,299,000
33 Beds
18 Baths
15851 Sq.Ft.
1819 S Gramercy Pl
Los Angeles, CA 90019
1271 W 39th Pl, Los Angeles, CA 90037
$4,500,000
21 Beds
19 Baths
10261 Sq.Ft.
1271 W 39th Pl
Los Angeles, CA 90037
1554 S Gramercy Pl, Los Angeles, CA 90019
$4,299,000
23 Beds
20 Baths
13792 Sq.Ft.
1554 S Gramercy Pl
Los Angeles, CA 90019
2176 S Venice Blvd, Los Angeles, CA 90006
$3,650,000
14 Beds
17 Baths
9311 Sq.Ft.
2176 S Venice Blvd
Los Angeles, CA 90006
2340 Crenshaw Blvd, Los Angeles, CA 90016
$4,299,000
20 Beds
20 Baths
13390 Sq.Ft.
2340 Crenshaw Blvd
Los Angeles, CA 90016
1256 W Adams Blvd, Los Angeles, CA 90007
$3,995,000
15 Beds
13 Baths
5103 Sq.Ft.
1256 W Adams Blvd
Los Angeles, CA 90007
1211 Fedora St, Los Angeles, CA 90006
$3,200,000
12 Beds
12 Baths
5676 Sq.Ft.
1211 Fedora St
Los Angeles, CA 90006

Recently Sold Homes Near 1885 W Jefferson Blvd

1809 W 35th St, Los Angeles, CA 90018
$1,112,000 Last Sold Price
6 Beds
4 Baths
1829 Sq.Ft.
1809 W 35th St
Los Angeles, CA 90018
1935 W35th St, Los Angeles, CA 90018
$1,000,000 Last Sold Price
32 Beds
16 Baths
3240 Sq.Ft.
1935 W35th St
Los Angeles, CA 90018
2117 W 31st St, Los Angeles, CA 90018
$750,000 Last Sold Price
4 Beds
4 Baths
1396 Sq.Ft.
2117 W 31st St
Los Angeles, CA 90018
1818 W 35th St, Los Angeles, CA 90018
$775,000 Last Sold Price
4 Beds
3 Baths
1846 Sq.Ft.
1818 W 35th St
Los Angeles, CA 90018

Related Resources to 1885 W Jefferson Blvd

New Listings in 90018
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call