Delivered 100% Vacant - West Adams Mixed-Use | 2705-2707 W Jefferson Blvd
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Delivered 100% Vacant - West Adams Mixed-Use 2705-2707 W Jefferson Blvd
3,586 SF Vacant Retail Building Los Angeles, CA 90018 $2,085,950 CAD ($582 CAD/SF) 7.19% Cap Rate
Executive Summary
We are pleased to present 2707 W Jefferson Blvd, a rare FULLY VACANT 6-unit mixed-use property located in the Jefferson Park neighborhood of Los Angeles with a pro forma 7.19% cap rate.
Built in 1912/1950, this opportunity is comprised of two separate structures totaling 3,586 rentable square feet that is situated on a 5,001 square foot LAC2 zoned lot with alley access. The unit mix consists of (2) two front commercial units (1st floor), (1) one-bedroom unit (2nd floor), (1) two-bedroom unit (2nd floor), a nonconforming studio (2nd floor), plus a three-bedroom single family freestanding home located in the rear of the property.
Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property into a 7.19% pro forma and ultimately provides flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents along with an additional value add component with legalizing the studio unit.
2707 W Jefferson Blvd is situated in a transit-oriented location near numerous bus stops that is realizing tremendous growth and transition due to its proximity to West Adams, Koreatown, USC and Downtown Los Angeles. Local favorite community establishments consist of Harold & Belle’s, CAFE5, Highly Likely, and much more throughout this Jefferson Blvd corridor.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
Built in 1912/1950, this opportunity is comprised of two separate structures totaling 3,586 rentable square feet that is situated on a 5,001 square foot LAC2 zoned lot with alley access. The unit mix consists of (2) two front commercial units (1st floor), (1) one-bedroom unit (2nd floor), (1) two-bedroom unit (2nd floor), a nonconforming studio (2nd floor), plus a three-bedroom single family freestanding home located in the rear of the property.
Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property into a 7.19% pro forma and ultimately provides flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents along with an additional value add component with legalizing the studio unit.
2707 W Jefferson Blvd is situated in a transit-oriented location near numerous bus stops that is realizing tremendous growth and transition due to its proximity to West Adams, Koreatown, USC and Downtown Los Angeles. Local favorite community establishments consist of Harold & Belle’s, CAFE5, Highly Likely, and much more throughout this Jefferson Blvd corridor.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,586 SF
Building Class
C
Year Built
1912
Price
$2,085,950 CAD
Price Per SF
$582 CAD
Cap Rate
7.19%
NOI
$150,062 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Land Acres
0.11 AC
Zoning
LAC2
Frontage
43 ft on W Jefferson Blvd
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5051-037-016 | Improvements Assessment | $202,846 CAD |
| Land Assessment | $901,549 CAD | Total Assessment | $1,104,394 CAD |
PROPERTY TAXES
Parcel Number
5051-037-016
Land Assessment
$901,549 CAD
Improvements Assessment
$202,846 CAD
Total Assessment
$1,104,394 CAD
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Delivered 100% Vacant - West Adams Mixed-Use | 2705-2707 W Jefferson Blvd
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