West Adams Commercial Property with Double Lot on Jefferson Blvd Sells
West Adams Commercial Property
4207-4209 West Jefferson Blvd, Los Angeles, CA 90016, a mixed use commercial property located in the West Adams area of Los Angeles sold for an undisclosed amount. The price of West Adams Commercial Property has risen dramatically in the last few years and investors continue to drive up sales prices. 4207-4209 Jefferson is part of an Opportunity Zone which offers additional tax savings and other incentives which is a significant factor in appreciating values.
Mid City Los Angeles 90016 is a hot investor zip code right now with lots of new projects slated for the coming years. The Real Deal – Los Angeles Real Estate News says “Reinvigorated by the Expo Line expansion, Opportunity Zones and spillover from neighboring tech hot spots like Culver City, West Adams is ‘the future more than any other place in the market.”
An expanding tech company, ToolBox LA will be opening a West Adams location soon. Toolbox is a place to create collaborate and innovate in private and shared space.
Next door to 4207-09 Jefferson is a new restaurant project call Party Beer Company, which will feature an on-site craft beer brewery and bar. Highly Likely is across the street, an Alex Matthews concept – An all-day cafe in West Adams dishing up delicious eats, coffee, beer, and wine.
Further west on Jefferson Blvd in Mid City LA, Carmel Partners is developing the large mixed-use complex, which is comprised of a seven-story podium building, a 30-story tower and a one-acre public park. The two buildings will feature a combined 1,210 apartment units and 100,000 square feet of commercial space – part of which has been leased by Whole Foods. Mid City LA 90016 and the West Adams area of Los Angeles will see big changes soon.
Jon Varsano of Vars Real Estate and Dan Perlstein of Danco represented the buyer and John Boyle of Midland Properties and J. Austin Russell of Keller Williams represented the seller of 4207-4209 Jefferson Blvd.