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    4120 Jefferson Blvd Los Angeles, CA 90016

    Sponsored
    For Sale
    $1,499,000

    5,490 SF Lot, Many Uses

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,490 square foot commercial lot, located at 4120 W Jefferson Blvd in Los Angeles, CA 90016, presents a unique development opportunity. Situated in the vibrant Artist District, this flat, vacant lot extends from street to alley, offering significant flexibility for various projects. The LACM zoning permits a wide range of commercial uses, including creative office space, medical offices, event spaces, galleries, flex spaces, sound stages, post-production facilities, and even residential development such as apartments or condos (R3). Its highly visible location provides easy access to Mid Wilshire, Beverly Hills, Culver City, Santa Monica, Koreatown, and Downtown Los Angeles. The property's flat and vacant nature allows for immediate reimagining and development, eliminating lengthy permitting processes. Furthermore, this property is located in an Opportunity Zone, offering potential tax advantages. The asking price is $1,499,000, and the seller may offer financing options with up to 60% LTV or more, with negotiable rates and terms. This is a rare chance to acquire a prime commercial lot in a thriving Los Angeles neighborhood with diverse development potential.

    Property Features for 4120 Jefferson Blvd

    General Information

    Property type
    Land

    HighLights

    • $1,499,000 asking price for a 5,490 sq. ft. commercial land parcel.
    • Located in Los Angeles, CA, in the Jefferson Blvd. Artist District.
    • LACM zoning permits diverse commercial uses, including potential for residential development (apartments/condos).
    • Opportunity Zone designation.
    • Seller may offer financing up to 60% LTV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3414331
    Latitude
    34.0254485

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    FAQs

    What type of property is this?
    Land - 5,490 SF Lot, Many Uses
    Where is this land located?
    The property is located at 4120 Jefferson Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: $1,499,000 asking price for a 5,490 sq. ft. commercial land parcel.; Located in Los Angeles, CA, in the Jefferson Blvd. Artist District.; LACM zoning permits diverse commercial uses, including potential for residential development (apartments/condos).
    Request Owner's contact information
    4120 Jefferson Blvd Los Angeles, CA 90016
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    Los Angeles, CA 90016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4120 Jefferson Blvd Los Angeles, CA 90016
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