Two-Story Mixed-Use
For Sale
$1,195,000
2216 W Jefferson Blvd, Los Angeles, CA 90018
Residential Income, Colonial, Los Angeles, CA
Property Size5,264 SF
Lot Size0.12 Acres
Price / SF$227.01
Days on Market145
Property Features for 2216 W Jefferson Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAC2
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Parking
6
Directions
On Jefferson Blvd, just West of Arlington Blvd
Subdivision
Jefferson Park
Standard status
Active
APN
5042-002-003
Size
5,264 SF
Lot size
0.12 Acres
Building Details
Year built
1908
Floors in Building
2
Number of units
7
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Los Feliz
(323) 300-1000
Listed By:
Jerry Hsieh · License #01701809
(424) 242-8856
Added: May 4
Changed: Sep 12
Last Checked: Sep 25 at 7:06PM
MLS# 26829003
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1908 Colonial property is a two-story mixed-use building containing 5,264 square feet. The layout includes three retail storefronts at street level and four residential apartments above, creating a seven-unit configuration. The property is being offered in its current condition and requires future construction investment for improvements.
Situated on W Jefferson Blvd, the building occupies a 0.1198-acre LAC2-zoned lot along a commercial corridor connecting the USC and Downtown areas with Culver City. Nearby points of interest include South LA Cafe, Harold and Belle’s, Highly Likely, a playground park, and an early education center. The exposition rail line is also nearby, while the property is within the HPOZ Jefferson Park neighborhood.
Situated on W Jefferson Blvd, the building occupies a 0.1198-acre LAC2-zoned lot along a commercial corridor connecting the USC and Downtown areas with Culver City. Nearby points of interest include South LA Cafe, Harold and Belle’s, Highly Likely, a playground park, and an early education center. The exposition rail line is also nearby, while the property is within the HPOZ Jefferson Park neighborhood.
Key Highlights
- 5,264‑square‑foot two‑story mixed‑use building
- Seven total units: 3 retail storefronts and 4 residential apartments
- 0.1198‑acre lot with LAC2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,131,920
$2.1M
Cap Rate 7%
$1,522,800
$1.5M
Cap Rate 9%
$1,184,400
$1.2M
Market Conditions
NOI Build-Up for 5,264 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.5K $36.00/SF
− Vacancy
−$19.0K −$3.60/SF
EGI
$170.6K $32.40/SF
− OpEx
−$64.0K −$12.15/SF
NOI
$106.6K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,131,920
Cap Rate 7%
$1,522,800
Cap Rate 9%
$1,184,400
Alternative Uses
Best Use
Apartment 5plus
$93.06M
$81.43M – $108.57M
NOI $6,514,485 @ 7.0% cap · market cap 545.15%
Second Best
Retail
$1.75M
$1.53M – $2.04M
NOI $122,163 @ 7.0% cap · market cap 10.22%
Theoretical Best
Multifamily LT 5
$106.65M
$93.31M – $124.42M
NOI $7,465,184 @ 7.0% cap · market cap 624.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-unit configuration combines storefront space with residential apartments.
Where is this mixed-use property located?
The property is located at 2216 W Jefferson Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5,264‑square‑foot two‑story mixed‑use building; Seven total units: 3 retail storefronts and 4 residential apartments; 0.1198‑acre lot with LAC2 zoning
