$3,300,000
$5,500,000
40.0%For more information regarding the value of a property, please contact us for a free consultation.
5665 W Jefferson Blvd Los Angele, CA 90016
3 Beds
3 Baths
11,818 SqFt
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,818 sqft
Price per Sqft $279
MLS Listing ID CC41046625
Sold Date 06/11/24
Bedrooms 3
Originating Board Contra Costa Association of Realtors
Year Built 1955
Lot Size 0.331 Acres
Property Description
INVESTORS DREAM! 5665 W. Jefferson is a 17-unit apt. building in a perfect location. This neighborhood has undergone a major economic boom and the investor outlook is bright, influenced by the ongoing $1 billion redevelopment of 11-acre Cumulus District across street and quick access to Culver City! Streaming Content companies (like Apple/Sony/Netflix/ Hulu/ Yahoo/ Google/and more) are scooping up adjacent neighborhoods for new content creation corporate sites. It's considered the new Silicon Valley South! Local housing demands have great returns for investors providing exceptional housing. This double-lot provides space for a complete rebuild to capture prime rental rates (Cumulus District - across the street averaging $6,500/mo. for 2BD/2BA) Apple building is across the street (building sold in 2022 for $105M). Fantastic location right across the street from the Metro Station, bike path and Corporate shuttle stop for a quick commute. Your commute could be grabbing Starbucks next door and jumping on the Metro for a quick trip to your office! Current Unit mix: (2) studios (11) one bedroom and (4) two bedrooms, all one bath. This building features a central garden courtyard w/ rear alley access! Many of the units have upgrades and/or back door access. www.5665Jefferson.com
Location
State CA
County Los Angeles
Area Other Area
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Laminate, Tile, Carpet - Wall to Wall
Laundry In Laundry Room, Laundry Facility - Coin-Op, Washer, Washer/Dryer - Leased, Community Facility, Dryer
Exterior
Exterior Feature Concrete, Stucco
Parking Features Assigned Spaces, Parking Area
Garage Spaces 21.0
View Hills, Downtown
Roof Type 30
Building
Lot Description Grade - Level, Other
Sewer Sewer - Public
Others
Tax ID 504-801-6024
Special Listing Condition Not Applicable
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