Mixed-Use Apartment and
For Sale
$2,100,000
2021 W 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
Days on Market95
Property Features for 2021 W Jefferson Boulevard
General Information
Standard status
Active
Size
6,159 SF
Property subtype
COMMERCIAL
Building Details
Building Size
6,159 SF
Year Built
1953
Listing Agency:
Sperry Van Ness
Listed By:
Daniel Baird · License #01249675
(310) 500-1239
Source:
Velocityrealtysd
Added: Jul 15
Changed: Oct 9
Last Checked: Oct 16 at 5:25PM
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
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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 / Yr
$142,933
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,168
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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 W 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
