Closed Listing
35-Unit Development Opportunity in South LA
964 e jefferson blvd
sold in
Los Angeles
Sold At
$
950,000
1
Number of Units
1945
Year Built
2,109
SF
Square Footage
8,950 SF
SF
Lot Size
C2-1-CPIO
Zoning
964 E Jefferson Blvd, Los Angeles, CA 90011
About the Property
964 E Jefferson Blvd presents a prime South LA multifamily development opportunity on an oversized 8,950 square foot corner lot zoned C2. Located just two miles east of the University of Southern California and blocks from Central Avenue, this centrally located site offers both immediate income potential and long-term redevelopment upside in a rapidly transforming pocket of South Los Angeles.
Currently improved with a single-story, 2,109 square foot structure operating as a church, the site provides a stable interim use while offering developers the opportunity to entitle and build a higher-density multifamily project. According to a third-party development feasibility report prepared by Brickwork, a builder may construct up to 11 residential units by-right under current zoning. However, with Transit Oriented Communities (TOC) Tier 1 incentives, the development potential expands dramatically—up to 35 residential units may be allowable (buyer to verify with City of Los Angeles).
The property’s C2 zoning and Tier 1 TOC designation create an excellent canvas for affordable or workforce housing developers seeking density and tax incentive options. The location benefits from strong nearby employment drivers such as USC, the Los Angeles Trade-Technical College, and several major infrastructure projects in South LA. In addition, the area is served by several high-frequency transit lines, making it an ideal fit for TOC-driven projects focused on walkability and transit access.
As the demand for housing across South Los Angeles continues to climb, 964 E Jefferson Blvd offers the rare opportunity to acquire a mid-block development site with existing cash flow and significant long-term upside. With the ability to build up to 35 units under TOC guidelines, this South LA multifamily opportunity is well-positioned for developers looking to capitalize on proximity to major institutions and the long-term growth trajectory of the surrounding neighborhood.
Please refer to the full marketing package for detailed analysis and Brickwork's development report.
964 E Jefferson Blvd.
South LA
Offering Price
$950,000
Number of Units
1 Units
Price per. Unit
$N/A
Bldg. Size
2,109 SF
Price per Foot
$111
Lot Size
8,950 SF SF
Year Built
1945
Current CAP
N/A
Market CAP
N/A
Zoning
C2-1-CPIO
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$N/A
Price p/ Sq. ft.
$111
Proforma Cap Rate
N/A
Contact
Sales agent
Related
Closed Listings
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