5062 W Washington Blvd - Hospitality FOR SALE


Los Angeles, CA 90016- Mid-City
$1,599,000 USD
213-221-9318
5062 W Washington Blvd, Los Angeles, CA for Sale
$1,599,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

5062 W Washington Blvd
Los Angeles, CA 90016
Mid-City


OVERVIEW

Prime Redevelopment Opportunity | Former Motel | C2 Zoning | Opportunity Zone Exceptional investment and redevelopment opportunity in the rapidly evolving West Adams / Mid-City Los Angeles corridor. Formerly operated as an 11-room motel, this vacant property offers immediate flexibility for redevelopment, adaptive reuse, or long-term investment. Situated on an approximately 8,452 SF C2-zoned lot with approximately 2,820 SF of existing improvements, the property features excellent visibility along Washington Boulevard and convenient alley access. Property Highlights - Former 11-room motel – Delivered Vacant - Approx. 8,452 SF Lot - Approx. 2,820 SF Building - C2 Commercial Zoning - Located within an Opportunity Zone - Approximately 11 On-Site Parking Spaces - Excellent Street Frontage & High Visibility - Alley Access - Strong Redevelopment Potential - Ideal for Developers, Investors, Owner-Users, or Value-Add Buyers Development Potential The existing motel layout may present an attractive opportunity for adaptive reuse or redevelopment. Potential uses may include hospitality, mixed-use, affordable housing, supportive housing, transitional housing, or other commercial/residential development, subject to buyer investigation and approval by the appropriate governmental agencies. The property may also be a potential candidate for Homekey or similar government-supported housing initiatives, subject to buyer eligibility, program requirements, and agency approval. Prime Location Strategically located between Downtown Los Angeles and Culver City in one of the city's fastest-growing redevelopment corridors. Convenient access to the Metro E Line, USC, Koreatown, Mid-City, the Westside, and major freeways. Surrounded by new residential, mixed-use, retail, and commercial developments. Whether you're seeking a redevelopment project, land-bank investment, or a strategic acquisition in an emerging Los Angeles market, 5062 W. Washington Blvd presents outstanding upside potential. Buyer to independently verify all information, including zoning, development potential, permitted uses, square footage, lot size, and all applicable governmental requirements.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$567 USD /SF

# OF ROOMS

11

PRICE/ROOM

$145,364 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Melody Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,600 SF

ZONING

LAC2

APN/PARCEL ID

5062-006-034

ASK ABOUT THIS PROPERTY

Erica JungDream Realty & Investments, IncMore Info
213-221-9318

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Erica JungDream Realty & Investments, IncMore Info
213-221-9318

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