16 days on rocket

5161 W Jefferson Blvd, Los Angeles, CA, 90016

$999,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
2,886 SqFt
$346/SqFt
House
Schools Nearby

Location

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5161 W Jefferson Blvd, Los Angeles$999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1949
CoolingNone
FireplaceNone
MLS #24379601
Lot Size0.13 Acres
StatusActive

About 5161 W Jefferson Blvd

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1949
  • Stories: 0
  • Living Area: 2,886 SqFt

Listing Office:

  • Office Name: Pacific Playa Realty
  • Office Phone: (310) 256-3040
  • Listing Agent: Obie Nwabuzor

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Corners Marked
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • 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
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Audubon Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Cienega Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: North of Jefferson, West of La Brea

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,000
  • Price Per SqFt: $346/SqFt

Tax Information:

  • Annual Amount: $2,669
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

5161 W Jefferson Blvd vs Los Angeles

16 DAYS ON ROCKET

-18 Days

$999,000

+$23K More

$346/SqFt

-$282 Less

KEY TAKEAWAY

This property is $23K more than the Median Sold Price and $282/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: #24379601

Listing Office:

  • Office Name: Pacific Playa Realty
  • Office Phone: (310) 256-3040
  • Listing Agent: Obie Nwabuzor

IDX 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: 4/28/2024, 6:25:18 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

YEARPROP. TAXASSESSMENT
2021$2,669$120,627
2020$2,260$119,391
2019$2,141$117,051
2018$2,102$114,757
2017$2,102$112,508

History based on county public records data.

Payment Calculator

$5,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,062

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NMLS#3030

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

school-card-donut-2492522
4
/10

  • Cienega Elementary School

  • 2611 S Orange Dr

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-2492523
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 4.10 miles

  • Public Magnet Grades KG-6

school-card-donut-2492524
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 19.82 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2492525
2
/10

  • Audubon Middle School

  • 4120 11th Ave

  • 1.96 miles

  • Public Magnet Grades 6-8

school-card-donut-2492526
4
/10

  • Studio

  • 2211 W Avenue 30

  • 8.79 miles

  • Public District Grades 6-8

High School

school-card-donut-2492527
1
/10

  • Susan Miller Dorsey Senior High School

  • 3537 Farmdale Ave

  • 0.65 miles

  • Public Magnet Grades 9-12

school-card-donut-2492528
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 8.35 miles

  • Public Magnet Grades 9-12

school-card-donut-2492529
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.12 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,174. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5161 W Jefferson Blvd

What is the listing price of this property?

The listing price of 5161 W Jefferson Blvd property is $999,000.

What type of property is this?

The property 5161 W Jefferson Blvd is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 5161 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 5161 W Jefferson Blvd are:
Cienega Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Audubon Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Susan Miller Dorsey Senior High School: GreatSchools Rating 1/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,669 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5161 W Jefferson Blvd has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 5161 W Jefferson Blvd is 2,886 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5161 W Jefferson Blvd is 1949.

Rocket Homes›California›Los Angeles County›Los Angeles›90016›5161 W Jefferson Blvd

This home is located at 5161 W Jefferson Blvd in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 2,886 square foot home, which was built in 1949, sits on a 0.13 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $999,000.

Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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