: : www.2216Jefferson.com : :
Classic 2-story mixed-use building w/ 7 Units on Prime Retail Corridor in Jefferson Park.
OFFERING MEMORANDUM (PDF): DOWNLOAD HERE
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For all inquiries, please contact Jerry Hsieh at 310.228.8856 and [email protected]
Classic 2-story mixed-use building comprised of 7 Units. Retail beneath and 4 residential units on 2nd story. Lovingly cared-for by current owners, with stable, long-term tenants. 3 storefront retail units + 4 residential apartments on an LAC2 lot. Tremendous future potential in an upcoming area, on a prominent commercial corridor, in the heart of the city. Jefferson Blvd is a major thoroughfare that links USC/Downtown (east) to Culver City (west). Along Jefferson Blvd, there are many popular businesses already, including 4th Street Cafe, Harold and Belle’s and Highly Likely. Great prominent visibility for businesses that want storefront visibility. Great Playground Park and early education center across the street. Property maximum potential will require some construction investment, so please make your offer assuming an as-is purchase (seller will not offer repair concessions during escrow). Convenient access to exposition rail line nearby. Located in HPOZ Jefferson Park neighborhood, which is a very close knit community featuring some of the most classic examples of historic Craftsman homes in the city. With popular neighborhoods in all directions, this property is a perfect investment if you are looking for a mixed-use property to revamp and maximize. Priced with strong ACTUAL cap rates, even with existing under-market lease prices. Pro-forma future potential is even better.
TENANT AND RENT INFORMATION
| Type | # of Units | Bedrooms | Baths | Furnished | Rent | Actual Rent | Projected Rent |
| Unit 1 (Residential) | 1 | 0 | 1.00 | No | $1,400.00 | $0.00 | $1,400.00 |
| Unit 2 (Residential) | 1 | 0 | 1.00 | No | $839.50 | $839.50 | $1,400.00 |
| Unit 3 (Residential) | 1 | 0 | 1.00 | No | $851.00 | $851.00 | $1,400.00 |
| Unit 4 (Residential) | 1 | 0 | 1.00 | No | $851.00 | $851.00 | $1,400.00 |
| Unit 5 (Retail) | 1 | 0 | 1.00 | No | $970.00 | $970.00 | $2,200.00 |
| Unit 6 (Retail) | 1 | 0 | 1.00 | No | $1,260.00 | $1,260.00 | $2,200.00 |
| Unit 7 (Retail) | 1 | 0 | 1.00 | No | $2,100.00 | $2,100.00 | $3,800.00 |
| TOTAL | 7 | 7 | 7.00 | No | $8,283.50 | $6,871.50 | $13,800.00 |
Helping Angelenos net more on their sale in less time, while providing the most smooth, stress-free transaction.
Find a home with the Jerry & Rachel Hsieh Real Estate Team.