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5161 W Jefferson Blvd, Los Angeles, CA 90016
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5161 W Jefferson Blvd Los Angeles, CA 90016

$999,000
  • 8 Beds
  • 8 Baths
  • 2,886 Sq.Ft.
For Sale
$999,000 Get Pre-Qualified
Map preview of 5161 W Jefferson Blvd, Los Angeles, CA 90016

Property Overview: 5161 W Jefferson Blvd Los Angeles, CA has 8 bedrooms, 8 bathrooms, 2,886 living square feet and 5,641 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: Welcome to an exceptional investment opportunity in the heart of West Adams! 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 development 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.

Listed by Obie Nwabuzor | BRE #02020522 | Pacific Playa Realty
Last checked: 5 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
5,641
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24379601
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $642
  • Total Rent: $642
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $655
  • Total Rent: $655
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $333
  • Total Rent: $333
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $417
  • Total Rent: $417
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $694
  • Total Rent: $694
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $655
  • Total Rent: $655
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $901
  • Total Rent: $901
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $584
  • Total Rent: $584
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 11%
  • Gross Rent Multiplier: 7.3
  • Gross Scheduled Income: --
  • Net Operating Income: $172,272
  • Gross Operating Income: $177,600
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5161 W Jefferson Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Corners Marked
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5049022038
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Jefferson, West of La Brea
View more facts & features

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Sale History for 5161 W Jefferson Blvd

View property's historical transactions

  • April, 2024

  • Apr 12, 2024

    Date

    Active

    CRMLS: 24379601

    $999,000

    Price

  • March, 2024

  • Mar 30, 2024

    Date

    Expired

    CRMLS: 23312021

    $1,249,000

    Price

  • Sep 19, 2023

    Date

    Active

    CRMLS: 23312021

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this West Adams Jewel with Unlimited Development Potential! This exceptional and fully occupied one level 8-unit building that used to be a MOTEL is a golden opportunity for investors and developers seeking a strategic location, or end users looking to invest in a multi-unit. There are seven well sized singles and one 1 bed units all with their separate kitchens and bathrooms. These units are in great condition and located on a corner lot in a mixed-use zone. There is parking directly in front of the building and yard space behind. One of the standout features of this property is its close proximity to eateries, development including the new COSTCO, the light rail public transportation and more. This building is perfectly located on the corner of Sycamore and Jefferson in the Archbishop Carl Bean Square, offering potential occupants easy commute access. There is room for growth in the rent and great potential returns on investment. More photos available. DO NOT DISTURB OCCUPANTS! Drive by only Pro Forma rent available and lots of added value for the buyer. This can be turned into a world of development possibilities including Airbnb etc as it is Tier 3 and zoned CM-2D-CPIO. Additional details and info available upon request. Buyers to do their due diligence and verify all info. Other addresses to look up this property 5163 W Jefferson, 3029 S Sycamore or 3039 S Sycamore

  • September, 2023

  • Sep 16, 2023

    Date

    Canceled

    CRMLS: 23297194

    $1,249,000

    Price

  • Aug 3, 2023

    Date

    Active

    CRMLS: 23297194

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this West Adams Jewel with Unlimited Development Potential! This exceptional and fully occupied 8-unit building is a golden opportunity for investors and developers seeking a strategic location, or end users looking to invest in a multi-unit. There are seven singles and one 1 bed units. One of the standout features of this property is its close proximity to eateries, development including the new COSTCO, the light rail public transportation and more. This building is perfectly located on the corner of Sycamore and Jefferson, offering potential occupants easy commute access. There is room for growth in the rent and great potential returns on investment. Interior access with accepted offer only. DO NOT DISTURB OCCUPANTS! Drive by only

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Tax History for 5161 W Jefferson Blvd

Assessed Value (2020): $119,391
Year Land Value Improved Value Assessed Value
2020 $47,750 $71,641 $119,391

Home Value Compared to the Market

This property vs the competition

5161 W Jefferson Blvd is listed 19.17% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $346.15 per/sqft which puts the price per square foot 55.22% lower than the median price per square foot for the city of Los Angeles.

About 5161 W Jefferson Blvd

Detailed summary of property

5161 W Jefferson Blvd is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 2,886 living square feet, and sits on an approximately 5,641 square foot lot. 5161 W Jefferson Blvd was first listed on ArdentRealEstateGroup.com on April 12, 2024. The homeowner is currently asking $999,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.17% lower than the median priced home. Local competing homes currently for sale include 2419 S Palm Grove Ave, 2121 Thurman Ave and 1936 S West View St. While the average home in Los Angeles, CA is selling in 96 days, 5161 W Jefferson Blvd has a days on market of 14 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5161 W Jefferson Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5161 W Jefferson Blvd

Public county record property details
Beds
--
Baths
--
Year built
1949
Sq. Ft.
2,886
Lot Size
5,640
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
123
APN
5049-022-038

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
73
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (13.33%), Other (33.33%)

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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.

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