5062 W Washington Boulevard, Los Angeles, CA 90016
- $1,599,000
- 11
- BA
- List Price
- $1,599,000
- Status
- ACTIVE
- MLS#
- 26867059
- Bathrooms
- 11
- Lot Size
- 8,452
- Acres
- 0.19
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Exceptional value-add and redevelopment opportunity in the heart of Mid-City Los Angeles. Situated on an approximately 8,452 SF LAC2-zoned lot, this property is currently improved with a vacant 11-room motel and offers a wide range of future possibilities. Located within an Opportunity Zone and TOC Tier 1, the site may offer attractive redevelopment potential, subject to buyer's independent investigation and verification with the City of Los Angeles. The property features convenient alley access, providing flexibility for site planning, parking, and future improvements. Ideally positioned near Culver City, Miracle Mile, Mid-Wilshire, Downtown Los Angeles, Metro transit, major freeways, shopping, dining, and employment centers. This centrally located property presents an excellent opportunity for investors, developers, owner-users, or those seeking a long-term investment in one of Los Angeles' most dynamic growth corridors.
Additional Information
- Heat
- None
- Cooling Description
- None
- View
- City Lights
- Attached Structure
- Detached
- Number Of Units Total
- 11
Listing courtesy of Listing Agent: Erica Sook Jung (RealtorEricaJung@Gmail.com) from Listing Office: Dream Realty & Investments Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.