3318 W Jefferson Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90018- Crenshaw
$3,495,000 USD
310-435-4344
3318 W Jefferson Blvd, Los Angeles, CA for Sale
$3,495,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

3318 W Jefferson Blvd
Los Angeles, CA 90018
Crenshaw


HIGHLIGHTS

  • Owner User or Investor Opportunity
  • Future development potential on a large corner lot
  • Existing income stream from apartment units

OVERVIEW

JLL, as exclusive advisor, is pleased to present the opportunity to acquire 3318 West Jefferson Blvd. (the “Property”) located in the trendy and energetic West Adams area of Los Angeles, California. Desirably situated on Jefferson Blvd just two short blocks east of the intersection of Crenshaw Blvd, the Property consists of approximately 10,007± total square feet of improvements in three separate buildings with a large gated surface parking lot, situated on approximately 13,781± square feet of land on a prominent, highly visible corner. Prime Owner/User or Redevelopment, with Existing Income Stream – The Property offers the unique ability for an owner/user investor to occupy over 51% of the Property for SBA financing, while benefitting from an existing income stream from four (4) fully occupied apartment units. Additionally, a value-add investor/developer could either substantially remodel and reimagine the existing Property or pursue a full redevelopment utilizing the benefit of the Property’s TOC Tier 3 designation and location within a Qualified Opportunity Zone. **ALSO FOR LEASE**

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$349 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAC2

APN/PARCEL ID

5044-006-001

ASK ABOUT THIS PROPERTY

310-435-4344

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310-435-4344

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