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5649 W Jefferson Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 1 bath

5649 W Jefferson Boulevard, Los Angeles, California 90016 home-pic-0
ACTIVE$1,200,000
5649 W Jefferson Boulevard, Los Angeles, California 90016
3Beds
1Bath
1,148Sqft
7,203Lot
Year Built
1946
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,045
HOA
-
Days on market
-
Sold On
-
MLS number
25604559
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(59th), sqft - 1148(29th), beds - 3(50th), baths - 1(33th).

Prime development opportunity in the heart of Los Angeles' fast-growing Jefferson Corridor. This 7,203 sq. ft. lot is zoned LAR3 and benefits from a Tier 4 Transit Oriented Communities (TOC) density bonus, offering significant potential for increased unit count and reduced parking requirements. Ideally located one block from the La Cienega/Jefferson Metro Station, the property supports a true urban infill project with excellent access to public transit, employment centers, and nearby Culver City amenities. Currently improved with a single-family residence, the site is ready for redevelopment without relocation or tenant challenges (has not been leased in the last 5 years) an exceptional opportunity for investors or developers seeking a high-density multifamily project in a thriving, transit-rich neighborhood.

Nearby schools

6/10
Baldwin Hills Elementary School
Public,•K-5•0.5mi
6/10
Marvin Elementary School
Public,•K-5•0.6mi
5/10
Cienega Elementary School
Public,•K-5•1.0mi
5/10
Virginia Road Elementary School
Public,•K-5•1.8mi
4/10
Alta Loma Elementary School
Public,•K-5•2.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.7mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.8mi
2/10
Audubon Middle School
Public,•6-8•2.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.7mi
3/10
Daniel Webster Middle School
Public,•6-8•3.7mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
10/16/25
Listing
$1,200,000
Condition Rating
Tear down
Built in 1946, this property is 78 years old. The listing explicitly markets it as a 'prime development opportunity' with the site 'ready for redevelopment,' and the property analysis notes 'Demolition & Site Prep Costs' as a weakness. The absence of any interior photos, particularly of the kitchen and bathroom, strongly suggests these areas are in unpresentable or unlivable condition. The value is clearly in the land for future development, aligning with the 'tear-down' criteria where the structure is beyond repair and its value is based solely on the land.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7203, living area = 1148.
Development Zoning & Density Bonus: Zoned LAR3 with a Tier 4 Transit Oriented Communities (TOC) density bonus, allowing for significant unit count increase and reduced parking requirements.
Prime Transit-Oriented Location: Ideally located one block from the La Cienega/Jefferson Metro Station, providing excellent access to public transit and employment centers.
Clear Redevelopment Path: Currently improved with a single-family residence, the site is ready for redevelopment without relocation or tenant challenges (not leased in 5 years).
Strategic Growth Corridor: Situated in the heart of Los Angeles' fast-growing Jefferson Corridor, indicating strong market demand and future appreciation for multifamily projects.
Substantial Lot Size: A 7,203 sq. ft. lot provides ample space for a high-density multifamily project, maximizing development potential.

Cons

Demolition & Site Prep Costs: The existing 1946 single-family residence will likely require demolition, adding to the initial development expenses and project timeline.
Non-Income Generating Asset: The property currently does not generate rental income, resulting in holding costs (e.g., property taxes, insurance) during the planning and approval phases.
Development Process Complexity: Despite favorable zoning, navigating the Los Angeles development approval process can be lengthy and complex, potentially impacting project timelines and costs.

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