Mixed-Use Apartment and
For Sale
$2,100,000
2021 Jefferson Boulevard, Los Angeles, CA 90018
Mixed-use building with three commercial units and five 1+1 apartments, each with in-unit washer/dryer.
Property Size6,159 SF
Price / SF$340.96
Days on Market41
Property Features for 2021 Jefferson Boulevard
General Information
Standard status
Active
Size
6,159 SF
Property subtype
General Commercial
Amenities
3
6 Parking Spaces.
Building Details
Year Built
1953
Listing Agency:
(310) 979-0800
Listed By:
Sperry Van Ness
Source:
Xome
Added: Jun 29
Changed: Aug 8
Last Checked: Aug 8 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Van Ness
Investment Insights
Based on property information with market context.
This mixed-use property contains three commercial units and five residential 1+1 apartments, and each apartment includes an in-unit washer/dryer. The building is approximately 6,159 square feet and has been reported to have undergone roughly $500,000 in capital expenditures, supporting above-average condition.
The property is positioned minutes from USC, Exposition Park, and Downtown Los Angeles, offering convenient access to major employment and entertainment destinations. Seller financing is also available up to 80% LTV for qualified buyers.
The current configuration supports both income-generating residential units and commercial space within the same building, providing a practical live-and-work style setup for tenants and straightforward oversight for owners.
The property is positioned minutes from USC, Exposition Park, and Downtown Los Angeles, offering convenient access to major employment and entertainment destinations. Seller financing is also available up to 80% LTV for qualified buyers.
The current configuration supports both income-generating residential units and commercial space within the same building, providing a practical live-and-work style setup for tenants and straightforward oversight for owners.
Key Highlights
- Mixed‑use building with 3 commercial units and 5 residential 1+1 apartments
- All 1+1 apartments include in‑unit washer/dryer
- 2021‑2027 W. Jefferson Boulevard totals approximately 6,159 SF
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
$142,933
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
6.81%
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%
$2,858,660
$2.9M
Cap Rate 7%
$2,041,900
$2.0M
Cap Rate 9%
$1,588,144
$1.6M
Market Conditions
NOI Build-Up for 6,159 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
$227.6K $36.96/SF
− Vacancy
−$23.4K −$3.81/SF
EGI
$204.2K $33.15/SF
− OpEx
−$61.3K −$9.95/SF
NOI
$142.9K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,858,660
Cap Rate 7%
$2,041,900
Cap Rate 9%
$1,588,144
Alternative Uses
Best Use
Apartment 5plus
$108.89M
$95.28M – $127.03M
NOI $7,622,095 @ 7.0% cap · market cap 362.96%
Second Best
Retail
$2.04M
$1.79M – $2.38M
NOI $142,933 @ 7.0% cap · market cap 6.81%
Theoretical Best
Multifamily LT 5
$124.78M
$109.18M – $145.57M
NOI $8,734,435 @ 7.0% cap · market cap 415.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,541
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with three commercial units and five 1+1 apartments, each with in-unit washer/dryer.
Where is this apartment building located?
The property is located at 2021 Jefferson Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Mixed‑use building with 3 commercial units and 5 residential 1+1 apartments; All 1+1 apartments include in‑unit washer/dryer; 2021‑2027 W. Jefferson Boulevard totals approximately 6,159 SF
