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2800-2814 W Jefferson Blvd 0.49 Acres of Commercial Land Offered at $5,523,088 CAD in Los Angeles, CA 90018
INVESTMENT HIGHLIGHTS
- Up-and-coming neighborhood
- Excellent access to Metro Rail
EXECUTIVE SUMMARY
CBRE, Inc., as exclusive advisor to the seller, is pleased to present 2800-2814 W. Jefferson Blvd. in the West Adams submarket of Los Angeles, a ±.488-acre development site across four lots at the corner of W. Jefferson Blvd. and 8th Ave. In May, 2024 ownership submitted for entitlement of a market rate ±70-unit (+ 5 ADUs), 70,675 square-foot, 6-story mixed-use residential project. The approximately 170’ x 125’ site is located within a 2024 Qualified Census Tract (QCT) and is ED1 eligible for potential affordable housing incentives.
The submitted project contemplates type III-A construction over a type IA podium with no subterranean parking. A copy of the submittal is available in the Virtual Deal Room. West Adams’ redevelopment renaissance began about a decade ago with the conceptualization of the Cumulus District mixed-use project at La Cienega and Jefferson Blvd. featuring 1,210 residential units, over 100,000 square feet of retail including a Whole Foods market, a 1-acre public park and immediate Metro transit connectivity. Prolific developer CIM Group has also made an aggressive push over the past decade to acquire properties and redevelop West Adams with new office, retail, hotel and hundreds of apartment units.
Current vacancy rate in the submarket hovers around 5% despite significant new construction deliveries over the past few years. Few new construction starts are slated for 2024 and beyond making it likely that a project at 2800 W. Jefferson Blvd. will deliver in an undersupplied market.
The submitted project contemplates type III-A construction over a type IA podium with no subterranean parking. A copy of the submittal is available in the Virtual Deal Room. West Adams’ redevelopment renaissance began about a decade ago with the conceptualization of the Cumulus District mixed-use project at La Cienega and Jefferson Blvd. featuring 1,210 residential units, over 100,000 square feet of retail including a Whole Foods market, a 1-acre public park and immediate Metro transit connectivity. Prolific developer CIM Group has also made an aggressive push over the past decade to acquire properties and redevelop West Adams with new office, retail, hotel and hundreds of apartment units.
Current vacancy rate in the submarket hovers around 5% despite significant new construction deliveries over the past few years. Few new construction starts are slated for 2024 and beyond making it likely that a project at 2800 W. Jefferson Blvd. will deliver in an undersupplied market.
PROPERTY FACTS
| Price | $5,523,088 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.49 AC |
| Property Type | Land | ||
| Zoning | LAC2 - Commercial | ||
| Price | $5,523,088 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.49 AC |
| Zoning | LAC2 - Commercial |
1 LOT AVAILABLE
Lot
| Price | $5,523,088 CAD | Lot Size | 0.49 AC |
| Price Per AC | $11,321,677.11 CAD |
| Price | $5,523,088 CAD |
| Price Per AC | $11,321,677.11 CAD |
| Lot Size | 0.49 AC |
The site, approximately 170' x 125', is situated within a 2024 Qualified Census Tract (QCT) and is eligible for affordable housing incentives, offering a significant opportunity for development in the rapidly revitalizing West Adams area.
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $92,830 CAD | |
| Land Assessment | $577,784 CAD | Total Assessment | $670,614 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$577,784 CAD
Improvements Assessment
$92,830 CAD
Total Assessment
$670,614 CAD
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2800-2814 W Jefferson Blvd
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