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.
Property Details
Property Features
Property Information:
Year Built: 1912
Stories: 2
Living Area: 13,331 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Keith Moret
Interior Features
Interior Information:
Appliances: Disposal
Bedroom and Bathroom Information:
Total Bedroom Count: 2
Exterior Features
Parking Information:
Parking: Controlled Entrance
Lot Features
Lot Information:
Lot Size: 0.39 Acres
Utilities
Utilities Information:
Heating: Forced Air
School Info
Assigned Schools Information:
Foshay Learning Center, Public District Grades KG-12
Susan Miller Dorsey Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
Birdielee V. Bright Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: West of Western, East of Arlington, North of Obama Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $3,995,000
Price Per SqFt: $300/SqFt
Tax Information:
Annual Amount: $31,575
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.0M more than the Median Sold Price and $332/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24382919
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Keith Moret
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/5/2024, 4:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$31,575
$2,524,889
2020
$3,308
$2,499,000
2019
$2,917
$120,824
2018
$2,886
$118,456
2017
$2,886
$116,134
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Birdielee V. Bright Elementary School
1771 W 36th St
Distance between this listing and this school0.18 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.49 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.56 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.94 miles
Public District Grades 6-8
High School
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.53 miles
Public District Grades KG-12
1
/10
Susan Miller Dorsey Senior High School
3537 Farmdale Ave
Distance between this listing and this school2.00 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.76 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Birdielee V. Bright Elementary School
1771 W 36th St
Distance between this listing and this school0.18 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.49 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.56 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.94 miles
Public District Grades 6-8
Nearby Schools
5
/10
Mid-City's Prescott School of Enriched Sciences
3150 W Adams Blvd
Distance between this listing and this school0.62 miles
Public Magnet Grades KG-8
6
/10
Kipp Scholar Academy
1729 West Mlk Jr. Blvd
Distance between this listing and this school1.02 miles
Public Charter Grades 5-8
Assigned Schools
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.53 miles
Public District Grades KG-12
1
/10
Susan Miller Dorsey Senior High School
3537 Farmdale Ave
Distance between this listing and this school2.00 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.76 miles
The neighbors living near this home have an average income of $34,489. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1885 W Jefferson Blvd
What is the listing price of this property?
The listing price of 1885 W Jefferson Blvd property is $3,995,000.
What type of property is this?
The property 1885 W Jefferson Blvd is a house located in Los Angeles, California, 90018.
Is this property for sale now?
Active Listing: 1885 W Jefferson Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1885 W Jefferson Blvd are: Birdielee V. Bright Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Foshay Learning Center: GreatSchools Rating 5/10Susan Miller Dorsey Senior High School: GreatSchools Rating 1/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $31,575 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1885 W Jefferson Blvd has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 1885 W Jefferson Blvd is 13,331 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1885 W Jefferson Blvd is 1912.
Interested in 1885 W Jefferson Blvd? Let's connect.
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This home is located at 1885 W Jefferson Blvd in Los Angeles, CA and zip code 90018 in the South LA neighborhood. This 13,331 square foot home, which was built in 1912, sits on a 0.39 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $3,995,000.
In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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