Property profile

3921 Jefferson Blvd Los Angeles, CA 90016

OFF-MARKET
Warehouses
Property ID
US09-7874434
3,200 SF 0.14 ac lot Built 1925
Trust Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Los Angeles retail property, located at 3921-3923 W. Jefferson Boulevard, offers 8,859 square feet of versatile space, perfect for a variety of uses. The property features two suites, with a minimum divisible space of 3,259 square feet and a maximum contiguous space of 6,859 square feet. Currently, 6,859 square feet are vacant and immediately available. The building boasts attractive architectural details including polished concrete floors, skylights, and exposed bow truss ceilings. A private outside patio adds to the property's appeal. A significant advantage is the existing Conditional Use Permit (CUB) allowing for the sale and dispensing of alcoholic beverages on-site, ideal for a restaurant or catering business operating between 10 AM and 10 PM. An adjacent building at 3923 W Jefferson Blvd houses a fully built-out commercial kitchen, available for lease starting January 15, 2025, presenting a unique opportunity for a synergistic business model. This property is situated in Los Angeles County, California, with a zip code of 90016, offering excellent visibility and access. The kitchen appliances are available for use within the property. This is a rare opportunity to secure a well-appointed retail space with significant potential in a vibrant Los Angeles location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Construction TILT-UP CONCRETE
Total area 3,200 SF
Lot 0.14 ac (6,251 SF)
Zoning code LACM
APN 5050-028-056
UPID US09-7874434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

3921 Jefferson Blvd Los Angeles, CA 90016-4211
Los Angeles metro Census 220000 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$745k
Comparable Approach Comparable
by Request
Blend (final) Blend
$630k

Owner & transaction history

since 2013
7 recorded transactions
2013
Price N/A
2013
$1.1M
2006
$133,500
1990
$280,000
1988
$50,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LACM · Los Angeles, CA
Top alternative use upside
Commercial (general) $960,000 +7.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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