5134 Washington Boulevard

Los Angeles, CA 90016

$1,999,000
Price
14
Beds
14
Baths
3,526 Sq. Ft.
$567 / Sq. Ft.
3,526
Sq. Ft.
$567
per Sq. Ft.

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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 5134 Washington Boulevard

Zoning
LAC2
Parcel Number
5062006022
Total Units
14.0
Living Area
3526
Source Living Area
Other
Area
Mid Los Angeles (C16)
Vacancy Rate
29%
Lot Size Area
8123

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute
LISTING UPDATED: 04/30/2024 12:54 PM

Property Details for 5134 Washington Boulevard

StatusActive
MLS #23-322219
Days on Market197
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.19 AC / 8,123 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute

Building Information for 5134 Washington Boulevard

Stories1Residences-Year Built1945Building Size-Lot Size0.19 AC / 8,123 SF

Payment Calculator

$11,226 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,909

Property Taxes

$317

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5134 Washington Boulevard

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Small Units
Contract Info
Contract Info
  • Disclosures: Lender Owned/REO
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $241,976
  • Net Operating Income: $159,496.00
  • Gross Income: $254,712
  • Cap Rate: 7.98%
  • Gross Rent Multiplier: $7.85
  • Total Annual Expense: 82480
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.186
  • Lot Size Square Feet: 8123
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 7
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Wall Gas
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-16-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,536.00
  • Unit Actual Rent: $16,900.00
  • Unit Projected Rent: $18,260.00
  • Like Units: 11
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,096.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,096.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,666.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,666.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $91,974.00
  • Assessed Improvement Percent: 33.11
  • Assessed Land Value: $185,800.00
  • Assessed Land Percent: 66.89
  • Assessed Total Value: $277,774.00

Property History for 5134 Washington Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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5134 Washington Boulevard is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 16, 2023 by Kidder Mathews of California, Inc., it's currently listed at $1,999,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Cienega Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 5134 Washington Boulevard is a 14-bed, 14-bath, 3,526 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.