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2511 W Jefferson Blvd Los Angeles, CA 90018

$750,000 Sold Price as of 09/11/2020

9 Beds
10 Baths
-- Sq.Ft.

Sold

$750,000 Sold Price as of 09/11/2020 Refinance Your Mortgage

Map preview of 2511 W Jefferson Blvd, Los Angeles, CA 90018

Property Overview: 2511 W Jefferson Blvd Los Angeles, CA has 9 bedrooms, 10 bathrooms, -- living square feet and 5,254 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this mixed-use commercial property located in the Jefferson Park submarket of Los Angeles. The front building consists of a restaurant with an office space above, which has been used as a one-bedroom apartment. There is another residential structure directly behind the restaurant containing two - one-bedroom apartments. Additionally, there is a two-car garage at the rear of the lot. The property was built in 1917. It is approximately 3,458 square feet and is situated on 5,254 square feet of land. The zoning for this site is LAC2. Just west of the property are several new developments of office, retail, loft, and multi-residential. Mid-City is an up and coming location attracting many new businesses and investments. According to the City, up to 7,880 total square feet can be built on the site. Buyer and Buyer's agent to check with the City and independently verified. Seller makes no warranties or guarantees.

Listed by Jerome McAlpin | BRE #00939725 | McAlpin & Company

Last checked: 12 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft: 5,254
HOA Dues: $0/mo
Year built: 1917
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20571084
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,030
Total Rent: $1,030
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $885
Total Rent: $885
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $850
Total Rent: $850
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $33,980
Gross Operating Income: $51,180

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2511 W Jefferson Blvd

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Two Door

Property Information

Total # of Units: 4
Parcel Number: 5051039006

Location / Neighborhood

Location Information

Directions: West of Arlington and East of Crenshaw

View more facts & features

Local Los Angeles Agent

Sale History for 2511 W Jefferson Blvd

Last sold for $750,000 on September 11th, 2020

November, 2020
Nov 5, 2020

Date

Sold

CRMLS: 20571084

$750,000

Price
Jun 23, 2020

Date

Pending

CRMLS: 20571084

$750,000

Price
Apr 15, 2020

Date

Active

CRMLS: 20571084

$750,000

Price
September, 2020
Sep 11, 2020

Date

Sold (Public Records)

Public Records

$750,000

Price
December, 2019
Dec 19, 2019

Date

Active

CRMLS: 19537998

$800,000

Price
Listing provided courtesy of CRMLS

We are pleased to present this mixed use commercial property located in the Jefferson Park submarket of Los Angeles. The front building consists of a restaurant with an office space above, which has been used as a one bedroom apartment. There is another residential structure directly behind the restaurant containing two - one bedroom apartments. Additionally, there is a two car garage at the rear of the lot. The property was built in 1917. It is approximately 3,458 square feet and is situated on 5,254 square feet of land. The zoning for this site is LAC2. Just west of the property are several new developments of office, retail, loft and multi-residential. Mid-City is an up and coming location attracting many new businesses and investments. According to the City, up to 7,880 total square feet can be built on the site. Buyer and Buyer's agent to check with the City and independently verify. Seller makes no warranties or guarantees.

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Tax History for 2511 W Jefferson Blvd

Assessed Value (2020): $67,116

Year	Land Value	Improved Value	Assessed Value
2020	$28,275	$38,841	$67,116

Home Value Compared to the Market

This property vs the competition

2511 W Jefferson Blvd sold on September 11, 2020 for 33.04% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 2511 W Jefferson Blvd

Detailed summary of property

2511 W Jefferson Blvd is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 9 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 5,254 square foot lot. 2511 W Jefferson Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $750,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.04% lower than the current median priced home. Local homes that are currently for sale include 2824-2826 West View St, 2001 Cambridge St and 5065 Bangor St. While the average home in Los Angeles, CA is selling in 106 days, 2511 W Jefferson Blvd has a days on market of 63 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2511 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 2511 W Jefferson Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1917
Sq. Ft.: 3,458
Lot Size: 5,253
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5051-039-006

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

$999,800

Median List Price/Sq.Ft.

$640

Median Sold Price

$1,040,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

Median Sale to List Price %

104.1%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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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.