5134 Washington Boulevard
5134 Washington Boulevard
$1,999,000
14
14
3,526
3,526
$567
Description
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...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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 5134 Washington Boulevard
Zoning
LAC2
Parcel Number5062006022
Total Units14.0
Living Area3526
Source Living AreaOther
AreaMid Los Angeles (C16)
Vacancy Rate29%
Lot Size Area8123
Location
LISTING UPDATED: 04/30/2024 12:54 PM
Property Details for 5134 Washington Boulevard
Status | Active |
---|---|
MLS # | 23-322219 |
Days on Market | 197 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1945 |
Lot Size | 0.19 AC / 8,123 SF |
County | Los Angeles County |
Location
Building Information for 5134 Washington Boulevard
Stories1Residences-Year Built1945Building Size-Lot Size0.19 AC / 8,123 SF
Payment Calculator
$11,226 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5134 Washington Boulevard
Property History for 5134 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 5134 Washington Boulevard
Taxable ValueLand$189,516Additions$93,813Total$283,329
Tax Record2023$3,800 ($317 / month)
Home Facts
Total Finished SqFt1,784 SqFtAbove Grade Finished SqFt1,784 SqFtStories1Lot Size4,224 SqFtStyleHotel / MotelYear Built1945ZoningLAC2CountyLOS ANGELESAPN5062-006-022
Schools near 5134 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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