5022 W Washington Blvd - Apartments FOR SALE


Los Angeles, CA 90016- Mid-City
$2,350,000 USD
714-883-6875
5022 W Washington Blvd, Los Angeles, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/12
null | 7.82% Cap Rate

5022 W Washington Blvd
Los Angeles, CA 90016
Mid-City


HIGHLIGHTS

  • Value Add Multi-Family Investment
  • 2-Story, 21-Unit Apartment With 11 Car Parking
  • $183,660 Pro Forma NOI | 7.8% Cap Rate | $106,818 Per Unit
  • Prime Mid-City West Washington Blvd Location
  • Available with Adjacent ±3,540 SF Commercial Building on ±10,669 SF of Land for $4,350,000

OVERVIEW

We are pleased to present a 21 unit multi-family property located at 5022 W. Washington Blvd in the highly desirable Mid-City Los Angeles submarket. Situated on a ±10,149 SF parcel with flexible C2 commercial zoning and Opportunity Zone designation, the property offers investors a rare value-add or redevelopment opportunity in one of Los Angeles’ strongest urban growth corridors. Originally constructed in 1948 as a motel but was converted to multifamily. The property consists of ±7,553 SF of improvements and benefits from exceptional connectivity to Culver City, Downtown Los Angeles, USC, Koreatown, and the Westside. The property is strategically positioned along Washington Boulevard, a major east-west corridor experiencing ongoing redevelopment, increasing residential density, and expanding commercial activity. The combination of central location, Opportunity Zone tax advantages, and flexible zoning creates a compelling investment opportunity for hospitality operators, developers, and value-add investors. Note: Available with adjacent ±3,540 SF commercial building on ±10,669 SF of land for total of $4,350,000.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

21

PRICE/UNIT

$111,905

CAP RATE

7.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.8 Cap 21-Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,274 SF

ZONING

LAC2-1VL-CPIO

APN/PARCEL ID

5062-004-012

ASK ABOUT THIS PROPERTY

Jesse McKenzieMajor PropertiesMore Info
714-883-6875

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Jesse McKenzieMajor PropertiesMore Info
714-883-6875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.