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1323 W Jefferson Boulevard, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

1323 W Jefferson Boulevard, Los Angeles, California 90007 home-pic-0
ACTIVE$1,600,000
1323 W Jefferson Boulevard, Los Angeles, California 90007
0Bed
0Bath
4,224Sqft
5,357Lot
Year Built
1924
Close
-
List price
$1.6M
Original List price
$1.9M
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
MB24123913
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(50th), sqft - 4224(50th), beds - undefined(50th), baths - undefined(50th).

ATTENTION ALL DEVELOPERS!! Looking for your next development in the highly desirable University Park look no further. This is your next opportunity sitting on a Lot size 5,355 and building size of 4225 with a Zoning of LAC2. This one will not last. Do not let this opportunity pass you by. Mixed use Commercial/Residential building in the USC area. Close to the USC campus, this investment opportunity is perfect for a local investors or developer looking to tap into the college rental market. Property is consist of 2 Commercial units on the bottom and 2 Residential units on top. Prime Location near USC on Jefferson Blvd within close proximity to the USC campus, near Exposition Park, LA Coliseum, West Adams, Leimert Park, DTLA, Freeways, Restaurants & more.

Condition Rating
Tear down
Built in 1924, this property is explicitly marketed to developers for 'redevelopment,' indicating its value lies primarily in the land and zoning. Images reveal severe dilapidation, including exposed lath and framing, damaged walls and ceilings, and extremely outdated and non-functional kitchens and bathrooms. The overall condition suggests the existing structure is beyond practical repair for habitation and would require demolition or a complete rebuild to meet modern standards.
Pros & Cons

Pros

Prime Location: Strategically located near the USC campus on Jefferson Blvd, offering high demand for student and university-affiliated rentals and commercial activity.
Mixed-Use Zoning (LAC2): The LAC2 zoning allows for diverse development opportunities, combining commercial and residential uses, maximizing potential income streams.
Development Opportunity: Explicitly marketed to developers, indicating significant potential for redevelopment or expansion to capitalize on the desirable University Park area.
Income-Generating Configuration: Currently configured with 2 commercial and 2 residential units, providing immediate rental income potential for investors.
Recent Price Reduction: The list price has been reduced from $1.9M to $1.6M, presenting a more attractive entry point and potential value for buyers.

Cons

Age of Property & Condition: Built in 1924, the property likely requires substantial renovation, modernization, or complete redevelopment, implying significant capital expenditure.
High Redevelopment Costs: As a developer-focused opportunity, realizing the property's full potential under LAC2 zoning will necessitate considerable investment in construction and upgrades.
Limited Operational Details: The listing lacks specific information on current rental income, lease terms, or the condition of existing units, which is crucial for immediate cash flow analysis.

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