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$1,895,000
Est. payment /mo
2,109 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,109 sqft
Price per Sqft $898
MLS Listing ID 26844651
HOA Y/N No
Year Built 1895
Lot Size 8,955 Sqft
Property Description
964 E Jefferson Blvd presents a Ready-to-Issue ED-1 development opportunity in South Los Angeles, offered at $25K per buildable unit and positioned for developers seeking a low-basis project with entitlement progress already in place. The property consists of an 8,950 SF C2-1-CPIO Tier 1 zoned corner lot with RTI plans for a 71-unit, 5-story multifamily project, with potential for 2 additional ADUs after Certificate of Occupancy. The proposed development includes approx. 29,000 SF of total building area, approx. 25,085 SF of rentable residential area, and approx. 831 SF of additional ADU rentable area possible. The project has been planned with a modern contemporary design, a straightforward stacked layout, and Type III construction built on slab at grade. The unit mix includes studios, 1-bed, and 2-bed residences, creating a practical housing program for renters seeking access to USC, Exposition Park, Downtown Los Angeles, and nearby transit. The project is designed without on-site car parking, supported by a walkable, bikeable location with transit access, giving the future building a clear position within a renter market increasingly shaped by mobility, affordability, and proximity to major destinations. Located on a highly visible corner near Synergy Charter Academy and approx. one block from the Los Angeles Police Department Newton Community Police Station, 964 E Jefferson Blvd benefits from convenient access to the 110 Freeway, USC, BMO Stadium, the LA Memorial Coliseum, Downtown Los Angeles, and the Arts District. The property is also approx. 1.3 miles from the Jefferson/USC Metro light rail station, giving the future project a more specific transit connection within the broader USC and Exposition Park area. The corner orientation also gives the proposed building stronger visibility, better natural light, and a more defined street presence than a typical mid-block development site. With RTI status, ED-1 density, approx. 25,085 SF of planned rentable residential area, potential ADU expansion, no on-site car parking, and a low $25K per buildable unit basis, 964 E Jefferson Blvd offers developers a defined path toward execution in a connected South Los Angeles location just south of Downtown Los Angeles.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM1
Interior
Fireplace No
Exterior
Parking Features Gated
Community Features Gated
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5114015022
Security Features Gated Community
Special Listing Condition Standard
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Listed by Max Berger Compass #02054048
NEARBY SCHOOL & BUSINESS
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