$3,000,000
$300K PRICE DROP

Estimated payment $17,102/month

Total Views 1,978
14 Beds
11 Baths
8,200 Sq Ft
$366 Price per Sq Ft

About This Home

Builder's Dream Near USC | Rare Double Lot Development Opportunity! Attention builders and visionary developers. Just 0.6 miles from USC and minutes from LA's most iconic cultural and sports landmarks, this rare double-lot property presents a golden chance to build something bold, profitable, and lasting in the heart of a rapidly transforming urban corridor. Situated on approximately 13,000 square feet of land across two contiguous parcels, this gated compound offers tremendous potential for ground-up development. With existing improvements totaling approximately 8,200 square feet, including two income-producing residential structures and one vacant commercial building. But the real value is in the land and the location--ripe for a new multi-unit residential, mixed-use, or live/work development that will benefit from booming demand and soaring rental values in the years ahead. This stretch of Jefferson Boulevard is already buzzing with growth, and the 2028 Summer Olympics will bring even more infrastructure, attention, and long-term upside to the area. Imagine a sleek new project--modern housing, creative space, student housing, or retail/residential, just steps from USC, Exposition Park, BMO Stadium, LA LIVE, Downtown LA, the Fashion District, and countless other LA landmarks. The property features copper plumbing, separate utility metering, and washer/dryer hookups, but a visionary builder will see beyond the existing structures to what this land could become. With addresses at 1452, 1456 and 1460 W Jefferson Blvd, the site has excellent street visibility, strong foot and vehicle traffic, and endless redevelopment potential.As the city rises and reinvents itself ahead of the Olympic wave, this is your moment to plant a flag in LA's future. Bring your vision to life, and build something that delivers strong returns and lasting impact.

Listing Agent

Jacob Lee

Dream Realty & Investments Inc License #02144645 Listed on: 06/02/2025

Dream Realty & Investments Inc

Co-Listing Agent

Kyle Yi

Dream Realty & Investments Inc License #02178962

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,415

Year Built

  • Built in 1940

Lot Details

  • 13,000 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 8,200 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Parking

  • Carport
  • Driveway
  • Assigned Parking

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 5040-003-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,415

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 8200
  • Lot Acreage: 0.1493
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 11.00
  • Equipment: Dishwasher, Microwave, Range/Oven
  • Price Per S Q F T: 365.85

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Carport, Assigned

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 21.43
  • Assessed Improvement Value: 222830
  • Assessed Land Percent: 78.57
  • Assessed Land Value: 817048
  • Total Assessed Value: 1039878
  • Assessor Parcel Number: 5040-003-017
  • Lot Size Area: 13000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 23.60
  • Number Of Units: 11
  • Total Annual Expense: 34935
  • Type Of Units: Multi-Family
  • Vacancy Rate: 1

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,415 $1,060,674 $833,388 $227,286
2024 $13,415 $1,039,878 $817,048 $222,830
2023 $13,171 $1,019,489 $801,028 $218,461
2022 $12,590 $999,500 $785,322 $214,178
2021 $12,434 $979,903 $769,924 $209,979
2019 $12,081 $950,840 $747,089 $203,751
2018 $11,917 $932,197 $732,441 $199,756
2016 $11,362 $896,000 $704,000 $192,000
2015 $9,984 $780,336 $613,123 $167,213
2014 $10,032 $765,051 $601,113 $163,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $3,000,000 -3.2% $366 / Sq Ft
07/30/2025 07/30/25 Price Changed $3,100,000 -6.1% $378 / Sq Ft
06/02/2025 06/02/25 For Sale $3,300,000 -- $402 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,760,000 Fidelity Sherman Oaks
Grant Deed $1,140,000 Chicago Title Co
Grant Deed -- Chicago Title Co
Grant Deed $525,000 First American Title Co
Quit Claim Deed -- Chicago Title Co
Quit Claim Deed -- Chicago Title
Individual Deed $150,000 Chicago Title
Trustee Deed $178,125 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $870,000 Purchase Money Mortgage
Previous Owner $1,400,000 Unknown
Previous Owner $635,000 Purchase Money Mortgage
Previous Owner $600,000 Purchase Money Mortgage
Previous Owner $650,000 Unknown
Previous Owner $341,250 Stand Alone First
Previous Owner $60,000 No Value Available
Previous Owner $60,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 25546611

The MLS

APN: 5040-003-017