Skip To Content

    5665 W Jefferson Boulevard

    Los Angeles (City), CA 90016
    • $5,500,000
    • STATUS: Active Under Contract
    • ON SITE: 84 days
    • ID#: SR21092137
    Under Contract
    UPDATED: 51 min ago
    $5,500,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    HUGE PRICE ADJUSTMENT! Same owner since 1963 has taken care of this gem residential income property which is truly located in the center of all Los Angeles highlights! Just minutes away from Santa Monica, Beverly Hills, LAX, Downtown, all sports venues, film studios in Culver City. Located on the border of Culver City and Adams West, walking distance to studios, metro, shopping. Target, Trader Joe's, Sees Candies Warehouse, Starbucks is a short walk away and around the corner from the newly developed luxury ARQ Apartments. The building has had many upgrades including granite kitchen counters, new flooring, and a new roof (10 years) There is an upside in rents as most all tenants have been there for a while and some have rent subsidized by section 8. Maximize your NOI by possible development opportunities in this desirable location. Just a couple blocks south is considered Baldwin Hills and a few steps away to the west is considered Culver City.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T22:27:30.467. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116658093
    Print Image

    5665 W Jefferson Boulevard Los Angeles (City), CA 90016

    • Price: $5,500,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • ID#: SR21092137
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1955
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    HUGE PRICE ADJUSTMENT! Same owner since 1963 has taken care of this gem residential income property which is truly located in the center of all Los Angeles highlights! Just minutes away from Santa Monica, Beverly Hills, LAX, Downtown, all sports venues, film studios in Culver City. Located on the border of Culver City and Adams West, walking distance to studios, metro, shopping. Target, Trader Joe's, Sees Candies Warehouse, Starbucks is a short walk away and around the corner from the newly developed luxury ARQ Apartments. The building has had many upgrades including granite kitchen counters, new flooring, and a new roof (10 years) There is an upside in rents as most all tenants have been there for a while and some have rent subsidized by section 8. Maximize your NOI by possible development opportunities in this desirable location. Just a couple blocks south is considered Baldwin Hills and a few steps away to the west is considered Culver City.
    Exterior Features

    Carport Spaces 21 Carport YN Yes Construction Materials Concrete Lot Features 16-20 Units/AcreLevelNear Public TransitRectangular LotWalkstreet Number Of Separate Electric Meters 17 Parking Total 21 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Common Interest None Community Features Street LightsSidewalksUrban Contingency Seller 1031 Exchange Current Financing Conventional Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 325000 Gross Scheduled Income 323000 Insurance Expense 3000 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 288000 New Construction YN No New Taxes Expense 68750 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 17 Number Of Units Leased 17 Operating Expense 35000 Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Fire Detection SystemResident ManagerSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tax Annual Amount 4606 Tax Year 2020 Tenant Pays All Utilities Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Vacancy Allowance 72000 Vacancy Allowance Rate 5 Water Sewer Expense 30000 Water Source Public Zoning Lar3

    Listing provided courtesy of Sona Gallatin of Exp Realty Of California Inc and Steve Chelebian of Kingway Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T22:27:30.467. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365422968-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365422968-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365422968-2.jpg
    Logo
    Twiss Realty
    5071-A Cole Road
    Mariposa CA, 95338