5134-5136 Washington blvd - Multi-Family FOR SALE


Los Angeles, CA 90016- Mid-City
$1,995,000 USD
213-225-7223
5134-5136 Washington blvd, Los Angeles, CA for Sale
$1,995,000 USD
Multi-Family - FOR SALE
1/13
null | 8.28% Cap Rate

5134-5136 Washington blvd
Los Angeles, CA 90016
Mid-City


OVERVIEW

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, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants, that are currently receiving subsidies, as well as several other units that can be potentially delivered vacant. The majority of units compose of bachelor style layouts, with 1 one-bedroom unit (stand-alone structure), and 1 three-bedroom unit (previous motel office). With +/-3,526sf of building located on +/-8,123sf, 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 Casey Lins at 714-333-6768 or Casey.Lins@kidder.com.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$566 USD /SF

# OF UNITS

14

PRICE/UNIT

$142,500

CAP RATE

8.28%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,123 SF

ZONING

LAC2

APN/PARCEL ID

5062-006-021,5062-006-022

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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