5134 Washington Boulevard, Los Angeles
Los Angeles Home For Sale
4th Price Reduction! 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 and a projected 7.98% CAP upon leasing of the vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants (majority of which are transitional housing) that are currently receiving subsidies up to $1,660 per month! The majority of units compose of bachelor style layouts (no kitchen), with 1 one bedroom unit (stand-alone structure), and 1 two bedroom unit (previous motel office). With 3,526sf of building located on 8,123sf of land, 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. For more information please contact the listing broker.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90016
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- MLS® #:
- 23322219
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- Bedrooms:
- 3
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- Bathrooms:
- 3
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- Square Ft:
- 3,526
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- Lot Size:
- 0.19
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- Levels:
- One
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- HOA Dues:
- $
Price Change History for 5134 Washington Boulevard, Los Angeles, (MLS® #23322219)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – | |
| Price Reduced | $1,999,000 | $151,000 (7.02%) | |
| Price Reduced | $2,150,000 | $100,000 (4.44%) | |
| Price Reduced | $2,250,000 | $95,000 (4.05%) | |
| Price Reduced (from $2,395,000) | $2,345,000 | $50,000 (2.09%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 16th, 2024 at 7:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.