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For SaleLuxury

$1,895,000

3,526 sqft$537/sqft136 days on market

5134 W Washington Boulevard

Los Angeles, CA 90016

· 8% down, 7% APR, 30yr fixed

4

Beds

14

Baths

3,526

Square feet

1945

Built

Listing narrative

Description

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.

Listing agent (MLS): Casey Lins · Listing brokerage (MLS): Kidder Mathews of California, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,895,000

Beds

4 bd

Type

House

Home Size

3,526 sqft

Baths

14

Lot Size

0.19 acres

Year

1945

Status

For Sale

Days on Market

136

$ / Sqft

$537

· 8% down, 7% APR, 30yr fixed
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Courtesy of Kidder Mathews of California, Inc.