The Jeffries 117 Winston St 43 Unit Apartment Building $14,506,100 CAD ($337,351 CAD/Unit) 6.48% Cap Rate Los Angeles, CA 90013

The Neema Group of Marcus & Millichap is pleased to present The Jeffries, a 43-unit mixed-use multifamily asset located in the Old Bank District within the Historic Core of Downtown Los Angeles. Built in 1907 and comprehensively renovated 2012–2014, the property is exempt from the Los Angeles Rent Stabilization Ordinance, and at $246,512/unit, offers the lowest cost basis of any multifamily asset currently available in Downtown Los Angeles.
117 Winston St features a unit mix of 31 singles (652–896 SF) and 12 one-bedroom units (804–946 SF), with two fully leased ground-floor retail spaces totaling 8,212 SF, a 4,600 SF bar and 3,612 SF restaurant.
$9.6M+ adaptive-reuse conversion completed 2012–2014; major capital improvements include structural concrete and new shear walls, full HVAC replacement, complete plumbing, and new electrical service, distribution, and panels including a generator and ATS. The seven-story building features loft-style units with exposed brick, polished concrete floors, stainless steel appliances, Euro-style cabinetry, vaulted ceilings, walk-in closets, and floor-to-ceiling windows with Downtown skyline views.
Community amenities include a basement-level gym and game room, lounge and media room, controlled access entry, day porter, on-site property manager, 15 parking spaces, intercom entry, and on-site security. Walk Score 95 · Transit Score 100; less than half a mile to the Metro Red and Purple Lines, with walkable access to the CBD, Arts District, Fashion District, and major hospitality and entertainment venues.