Listed by Ali Ketabchi, Equity Union,

5110 W Washington Boulevard

Los Angeles, CA, 90016

$5,228,000

$358 per ft²
$5,228,000
$358 per ft²
Active
Active
 - For Sale
carpenters-square
14,600 ft²
property_type
Multi-family
calendar
Built 1946
This prime Mid City property is a great investment opportunity with immense potential. The current fully vacant property has three parcel numbers, zoned Los Angeles Commercial 2 (LAC2) and is situated on over 23,000 square feet of land. The property has a total of 34 rentable units, with 28 units being one-bed one-bath and 6 units being two-bed one-bath. There is also a common area, recreation room, and a main kitchen, along with a substantial sized dining room. Units are ranging between 200 square feet to 400 square feet. This building used to be an elderly care facility but presents new possibilities such as being transformed into a motel or converted into an Adult Residential Facility Care center. The property can be simply renovated with some cosmetic work and utilized as a part of Los Angeles' Project Home Key. In addition, the architectural plans have been drawn for a new development with modern mixed-use commercial space, plus luxurious residential units’ design. The architectural plans lay out over 30,000 square feet of living space, featuring 24 one-bedroom, 4 two-bedroom, and 2 three-bedroom apartments with 48 parking spaces. All of the units are spacious with the majority of the one-bedroom apartments spanning 920 sf and all of the two and three-bedroom apartments over 1,000 sf. Most of the third-story units feature balconies. The commercial retail space has 3,500 sf and 8 parking spots. Additional garage is space reserved for bicycle parking. A rare find, don't miss out on this opportunity. This is a rare find, don't miss out on this opportunity.
MLS® ID:
SR22256327
Listed:
12/15/22
Updated:
1/30/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
All Bedrooms Down
Laundry Description
None
Floor Description
Vinyl
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.54 acres lot
Architectural Style
Traditional
Roof
Flat
Sewer
Public Sewer

Other Property Details

Area Name
C16 - Mid Los Angeles
Association Amenities
Gutter(s)
Garage
Yes
Garage Spaces
48
Parking
None
Parking Total
48.0
View
Y
County
Los Angeles
Utilities
Sewer Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAC2
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
1/9/23
Price Change
$5,228,000
-19%

Listed by Equity Union, Ali Ketabchi,
Listing Contact: 818-262-4941 

Based on information from California Regional Multiple Listing Service, Inc. as of 1/30/23. 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.

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Data last updated 3:56 AM UTC, 1/30/23

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