5110 Washington Boulevard
5110 Washington Boulevard
$3,750,000
34
34
10,885
10,885
$345
Sold 3/1/24
Description
$530,000 Price Reduction! 100% Vacant! Priced at $164/sf on the land, $358/sf on the building! Renovate the existing ~34 units or build 140+ units! We are pleased to present an Opportunity Zone project consisting of three (3) adjacent parcels, totaling 23,756sf of Commercial land, with existing improvements consisting of ~34 units with 10,885sf of building. Currently 100% vacant, the property had been previously zoned for a board and care home. As a development site, by utilizing 100% affordable...$530,000 Price Reduction! 100% Vacant! Priced at $164/sf on the land, $358/sf on the building! Renovate the existing ~34 units or build 140+ units! We are pleased to present an Opportunity Zone project consisting of three (3) adjacent parcels, totaling 23,756sf of Commercial land, with existing improvements consisting of ~34 units with 10,885sf of building. Currently 100% vacant, the property had been previously zoned for a board and care home. As a development site, by utilizing 100% affordable housing incentives, there is potential for a 140+ unit multi-family development to be allowed on the property. As a value-add play, an investor may have the ability to convert the existing ~34 units into apartments or continue the use as a board and care facility. As an apartment building, there may be potential to add numerous ADU's in the existing garages or large common kitchen area. With its close proximity to West Adams and Culver City, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 5110 Washington Boulevard
Zoning
LAC2
Parcel Number5062006028
Total Units34.0
Living Area10885
Source Living AreaOther
AreaMid Los Angeles (C16)
Vacancy Rate100%
Lot Size Area23756
Location
LISTING UPDATED: 03/05/2024 09:42 AM
Property Details for 5110 Washington Boulevard
Status | Sold |
---|---|
MLS # | 23-294564 |
Days on Market | 146 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1946 |
Lot Size | 0.55 AC / 23,756 SF |
County | Los Angeles County |
Location
Building Information for 5110 Washington Boulevard
Stories1Residences-Year Built1946Building Size-Lot Size0.55 AC / 23,756 SF
Payment Calculator
$21,828 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5110 Washington Boulevard
Property History for 5110 Washington Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5110 Washington Boulevard
Taxable ValueLand$1,305,156Additions-Total$1,305,156
Tax Record2023$16,356 ($1,363 / month)
Home Facts
Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt2,832 SqFtStories1Lot Size7,799 SqFtStyleHotel / MotelYear Built1946ZoningLAC2CountyLOS ANGELESAPN5062-006-028
Schools near 5110 Washington Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Cienega Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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