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3318 W Jefferson Blvd 10,007 SF 40% Leased Retail Building Los Angeles, CA 90018 $4,839,037 CAD ($483.57 CAD/SF)
Investment Highlights
- Owner User or Investor Opportunity
- Existing income stream from apartment units
- Future development potential on a large corner lot
Executive Summary
JLL, as exclusive advisor, is pleased to present the opportunity to acquire 3318 West Jefferson Blvd. (the “Property”) located in the trendy and energetic West Adams area of Los Angeles, California. Desirably situated on Jefferson Blvd just two short blocks east of the intersection of Crenshaw Blvd, the Property consists of approximately 10,007± total square feet of improvements in three separate buildings with a large gated surface parking lot, situated on approximately 13,781± square feet of land on a prominent, highly visible corner.
Prime Owner/User or Redevelopment, with Existing Income Stream – The Property offers the unique ability for an owner/user investor to occupy over 51% of the Property for SBA financing, while benefitting from an existing income stream from four (4) fully occupied apartment units. Additionally, a value-add investor/developer could either substantially remodel and reimagine the existing Property or pursue a full redevelopment utilizing the benefit of the Property’s TOC Tier 3 designation and location within a Qualified Opportunity Zone. **ALSO FOR LEASE**
Prime Owner/User or Redevelopment, with Existing Income Stream – The Property offers the unique ability for an owner/user investor to occupy over 51% of the Property for SBA financing, while benefitting from an existing income stream from four (4) fully occupied apartment units. Additionally, a value-add investor/developer could either substantially remodel and reimagine the existing Property or pursue a full redevelopment utilizing the benefit of the Property’s TOC Tier 3 designation and location within a Qualified Opportunity Zone. **ALSO FOR LEASE**
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,007 SF
Building Class
C
Year Built
1958
Price
$4,839,037 CAD
Price Per SF
$483.57 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
LAC2 - C2–1VL–CPIO; TIER 3 TOC; Qualified Opportunity Zone
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Drive Thru
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This space is in shell condition.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,000 SF | Retail | - | Now |
1st Floor
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 6,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This space is in shell condition.
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5044-006-001 | Improvements Assessment | $1,375,975 CAD |
| Land Assessment | $3,206,601 CAD | Total Assessment | $4,582,576 CAD |
Property Taxes
Parcel Number
5044-006-001
Land Assessment
$3,206,601 CAD
Improvements Assessment
$1,375,975 CAD
Total Assessment
$4,582,576 CAD
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3318 W Jefferson Blvd
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