11887 Jefferson Blvd - Apartments FOR SALE


Los Angeles, CA 90230- Playa Vista
$1,495,000 USD
310-963-7010
11887 Jefferson Blvd, Los Angeles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/13
null | 5.44% Cap Rate

11887 Jefferson Blvd
Los Angeles, CA 90230
Playa Vista


HIGHLIGHTS

  • 6-Unit Property with Investment & Development Opportunity in Playa Vista Neighborhood
  • Corner, R3-Zoned Lot of 4,952 sqft (50x100). No Earthquake Retrofit Required.
  • Designated Transit Priority Area with TOC Tier 1 Incentives
  • Chance to Invest in a Well-Located Asset with Significant Upside Potential (Value-Add)
  • Rapidly Developing Neighborhood Surrounded by New Projects
  • (4) 1 Bd, 1 Ba (2) 0 Bd, 1 Ba, (4) 1 Car Garages, (1) 1 Bd Unit & Garage Currently Vacant

OVERVIEW

Unlock the full potential of this 6-unit apartment building positioned between Culver City and Playa Vista- two of LA's most tech-driven and rapidly developing neighborhoods, which offers a rare chance to invest in a well-located asset with significant upside potential. On a nearly 5,000 square foot lot, the 2,992 SF building is spread across two structures: four 1+1 units in front and two 0+1 units above the four garages in the rear. One of the 1+1 units is currently vacant, allowing the new owner to immediately lease or renovate. The building presents a clear value-add or redevelopment opportunity and is surrounded by other active and upcoming large-scale development projects. Zoned LAR3 and TOC Tier 1, the site is ideal for developers or investors seeking density bonuses and city incentives (buyer to verify). No Earthquake Retrofit Required. The location supports strong rental demand with proximity to major employers like Google, YouTube, Amazon, and Sony Pictures. Close to Sofi Stadium, Playa Vista's Whole Foods and Cinemark Theater, trendy shops and restaurants, and quick access to freeways and LAX.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,167

CAP RATE

5.44%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,952 SF

ZONING

LAR3, TOC Tier 1

APN/PARCEL ID

4220-005-036

ASK ABOUT THIS PROPERTY

Linda LightColdwell Banker RealtyMore Info
310-963-7010

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Linda LightColdwell Banker RealtyMore Info
310-963-7010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.