Save
Ask
Tour
Hide
Share
$1,999,000
276 Days Online

5134 W Washington Boulevard
Los Angeles, CA 90016

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Casey Lins of Kidder Mathews of California, Inc.

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (310)372-1150
Is this the home for you? We can help make it yours.
(310)372-1150
5134 W Washington Boulevard5134 W Washington Boulevard5134 W Washington Boulevard5134 W Washington Boulevard
Save
Ask
Tour
Hide
Share

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.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,999,000
Days Online 
276 Days
Bedrooms 
14
Inside Area (SqFt) 
3,526 sqft
Total Baths 
14
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1865 Acres
Year Built 
1945
MLS® Number 
23322219
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 months agoStatus changed to Pending
3 months agoPrice changed to $1,999,000
4 months agoPrice changed to $2,150,000
5 months agoPrice changed to $2,250,000
See 2 more
General Features
Parking 
Uncovered
Parking Spaces 
7
Number of Stories 
1
Acreage 
0.1865
Zoning 
LAC2
Listing Conditions 
Real Estate Owned
Save
Ask
Tour
Hide
Share
Community Features
Senior Community 
No
MLS Area 
C16 - Mid Los Angeles


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share