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5134 W Washington Blvd, Los Angeles, CA, 90016

4beds
14baths
3,526sqft
$1,895,000
$537price/sqft
$11,650/moest. monthly cost
$466,000/yrincome needed

About This Home

We are pleased to present a 14-unit motel currently operating as an apartment building located along the trending Washington Blvd corridor. With 4 existing vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants, that are currently receiving subsidies, as well as several other units that can be potentially delivered vacant. The majority of units compose of bachelor style layouts, with 1 one-bedroom unit (stand-alone structure), and 1 three-bedroom unit (previous motel office). With +/-3,526sf of building located on +/-8,123sf, the property is well positioned for a local operator to continue relationships with the existing subsidy providers, or to return the property back to its original motel use. Located just minutes away from West Adams and Culver City, both investors and tenants are able to take advantage of the ever-improving amenities within the neighborhood, including but not limited to local coffee shops, breweries, restaurants, employment hubs, art galleries, and more! Buyer shall complete their own due diligence to determine the current legal use, tenancies, legal amount of units, and all aspects relating to the property.

Getting Around

81
WalkingVery Walkable
53
TransitGood Transit
66
BikeBikeable

Schools

5/10
4/10

Construction

Condition

  • Year built: 1945

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 14

Heating & Cooling

  • Heating features: Wall
  • Cooling features: None

Interior Area

  • Total structure area: 3,526
  • Total interior livable area: 3,526 sqft

Property

Details

  • Parcel number: 5062006022
  • Zoning: LAC2
  • Special condition: Standard
  • Other equipment: Other

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,102 sqft
  • Features: 2-4 Lots

Parking

  • Total spaces: 7
  • Parking features: Parking Space
  • Has uncovered spaces: Yes
  • Uncovered spaces: 7