$5,650,000
PENDING $3M PRICE DROP

5112 W Jefferson Blvd Los Angeles, CA 90016

West Adams Neighborhood

Estimated payment $34,103/month

Total Views 884
-- Bed
6 Baths
31,539 Sq Ft
$179 Price per Sq Ft

Highlights

  • Automatic Gate
  • 1-minute walk to Expo/La Brea
  • 1-Story Property
  • 0.47 Acre Lot
  • Controlled Entrance

About This Home

In Escrow, non-contingent. Bankruptcy Court OVERBID date is NOVEMBER 19,2024 WITH OVERBID OFFERS DUE NOVEMBER 15, 2024. FIRST OVERBID SHALL BE $200K OVER THE CURRENT $5,650,000. All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell. Days on market were due to a previous Title issue that has now been cleared. The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.THE $5,650,000 CONTRACT PRICE IS AT AN INCREDIBLY LOW PRICE OF UNDER $200 PER SQUARE FOOT AND IS SUBJECT TO OVERBID IN BANKRUPTCY COURT.

Listing Agent

sam shakerchi

Compass License #01868195 Listed on: 01/18/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,521

Year Built

  • Built in 1946

Lot Details

  • 0.47 Acre Lot

Home Design

  • Split Level Home

Interior Spaces

  • 6 Bathrooms
  • 31,539 Sq Ft Home
  • 1-Story Property
  • Elevator

Parking

  • 14 Parking Spaces
  • Carport
  • Automatic Gate
  • Controlled Entrance

Community Details

  • 5 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5047-001-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,521

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 31539
  • Lot Acreage: 0.4663
  • Stories: 1
  • Year Built: 1946
  • Builders Tract Name: West Adams
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6.00
  • Equipment: Elevator
  • Price Per S Q F T: 179.14

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Carport, Controlled Entrance, Gated, Parking Space
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning
  • Security: Automatic Gate

Lot Info

  • Assessed Improvement Percent: 51.37
  • Assessed Improvement Value: 1588184
  • Assessed Land Percent: 48.63
  • Assessed Land Value: 1503237
  • Total Assessed Value: 3091421
  • Assessor Parcel Number: 5047-001-003
  • Lot Description: 2-4 Lots
  • Lot Size Area: 33340

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.60
  • Number Of Units: 5
  • Total Annual Expense: 0
  • Type Of Units: Industrial
  • Vacancy Rate: 4 spaces

Map

Range of Values:

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Average Value
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Sold Price
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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 $40,521 $3,216,312 $1,563,967 $1,652,345
2024 $40,521 $3,153,248 $1,533,301 $1,619,947
2023 $39,764 $3,091,421 $1,503,237 $1,588,184
2022 $37,970 $3,030,806 $1,473,762 $1,557,044
2021 $37,390 $2,971,379 $1,444,865 $1,526,514
2019 $36,296 $2,883,248 $1,402,010 $1,481,238
2018 $35,775 $2,826,715 $1,374,520 $1,452,195
2016 $34,017 $2,716,952 $1,321,147 $1,395,805
2015 $33,287 $2,412,019 $1,301,303 $1,110,716
2014 $30,271 $2,364,772 $1,275,813 $1,088,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Price Changed $5,650,000 -37.2% $179 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $8,995,000 -- $285 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Grant Deed $2,470,000 Equity Title Company
Grant Deed $1,600,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Commercial
Closed $2,200,000 Commercial
Closed $50,000 Commercial
Closed $2,000,000 Commercial
Previous Owner $1,729,000 Commercial
Previous Owner $1,100,000 Seller Take Back
Closed $100,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 24-383424

The MLS

APN: 5047-001-003

California Los Angeles County Los Angeles 90016 West Adams

5112 W Jefferson Blvd, Los Angeles, CA

This home is located at 5112 W Jefferson Blvd, Los Angeles, CA 90016 and is currently priced at $5,650,000, approximately $179 per square foot. This property was built in 1946. 5112 W Jefferson Blvd is a home located in Los Angeles County with nearby schools including Cienega Elementary School, Audubon Middle School, and Susan Miller Dorsey Senior High School.

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sam shakerchi
Listing Agent
sam shakerchi
Section Image
Compass
(310) 525-0872