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5110 W Washington Blvd, Los Angeles, CA 90016
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5110 W Washington Blvd Los Angeles, CA 90016

$3,750,000 Sold Price as of 03/01/2024
  • 0 Beds
  • 34 Baths
  • 10,885 Sq.Ft.
Sold
$3,750,000 Sold Price as of 03/01/2024 Refinance Your Mortgage
Map preview of 5110 W Washington Blvd, Los Angeles, CA 90016

Property Overview: 5110 W Washington Blvd Los Angeles, CA has -- bedrooms, 34 bathrooms, 10,885 living square feet and 23,756 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $530,000 Price Reduction! 100% Vacant! Priced at $164/sf on the land, $358/sf on the building! Renovate the existing ~34 units or build 140+ units! We are pleased to present an Opportunity Zone project consisting of three (3) adjacent parcels, totaling 23,756sf of Commercial land, with existing improvements consisting of ~34 units with 10,885sf of building. Currently 100% vacant, the property had been previously zoned for a board and care home. As a development site, by utilizing 100% affordable housing incentives, there is potential for a 140+ unit multi-family development to be allowed on the property. As a value-add play, an investor may have the ability to convert the existing ~34 units into apartments or continue the use as a board and care facility. As an apartment building, there may be potential to add numerous ADU's in the existing garages or large common kitchen area. With its close proximity to West Adams and Culver City, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 6 minutes ago | Last updated: March 5th, 2024 | Source CRMLS | DOM: 146

Home details

Lot Sq. Ft
23,756
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23294564
City
Los Angeles
County
Los Angeles
Time on Site
310 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 34
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 34
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $44,030
  • Pro Forma/Market Rent: $44,030
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 11.08%
  • Gross Rent Multiplier: 5.94
  • Gross Scheduled Income: --
  • Net Operating Income: $430,845
  • Gross Operating Income: $655,560
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5110 W Washington Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 34
  • Parcel Number: 5062006028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 5110 W Washington Blvd. Los Angeles, CA 90016
View more facts & features

Local Los Angeles Agent

Sale History for 5110 W Washington Blvd

Last sold for $3,750,000 on March 1st, 2024

  • March, 2024

  • Mar 1, 2024

    Date

    Sold

    CRMLS: 23294564

    $3,750,000

    Price

  • Jul 26, 2023

    Date

    Active

    CRMLS: 23294564

    $4,425,000

    Price

  • June, 2023

  • Jun 19, 2023

    Date

    Canceled

    CRMLS: BB23063964

    $3,790,000

    Price

  • Apr 17, 2023

    Date

    Active

    CRMLS: BB23063964

    $3,998,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to own a new multifamily apartment building fully vacant. The property is zone C2 Tier 1 property needs TLC and the current use code is a motel elderly facility. Plans and permits are ready for a new apartment building of three-story 35,696 modern mixed-use commercial-residential building encompassing 30 apartment units on two stories and one story of mixed-use commercial space and garage parking. The residential space has over 30,000 square feet of living space and features a unit mix of 24 one-bedroom, 4 two-bedroom, and 2 three-bedroom apartments and includes 48 total parking spaces. All of the units are spacious with the majority of the one-bedroom apartments span 920 square feet and all of the two and three-bedroom apartments are over 1,000 sqft. Most of the third-story units feature balconies. The commercial retail space has 3,500 sqft and 8 commercial parking spots. Additional garage space reversed for bicycle parking. Under AB 2345 this project can also be built on a fully affordable housing platform which will exceed tremendously unit numbers and livable square footage. This is a rare find, don't miss out on this opportunity.

  • April, 2023

  • Apr 6, 2023

    Date

    Canceled

    CRMLS: BB23034320

    $3,998,000

    Price

  • Mar 1, 2023

    Date

    Active

    CRMLS: BB23034320

    $4,650,000

    Price

  • Listing provided courtesy of CRMLS

    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. This is a rare find, don't miss out on this opportunity.

  • April, 2023

  • Apr 6, 2023

    Date

    Canceled

    CRMLS: BB23034368

    $3,998,000

    Price

  • Mar 1, 2023

    Date

    Active

    CRMLS: BB23034368

    $4,650,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • February, 2023

  • Feb 28, 2023

    Date

    Canceled

    CRMLS: SR22256333

    $4,850,000

    Price

  • Dec 16, 2022

    Date

    Active

    CRMLS: SR22256333

    $6,490,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • February, 2023

  • Feb 28, 2023

    Date

    Canceled

    CRMLS: SR22256327

    $4,850,000

    Price

  • Dec 16, 2022

    Date

    Active

    CRMLS: SR22256327

    $6,490,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • July, 2016

  • Jul 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 5110 W Washington Blvd

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,241,613 -- --

Home Value Compared to the Market

This property vs the competition

5110 W Washington Blvd sold on March 1, 2024 for 227.31% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $357.83 per/sqft which puts the price per square foot 52.61% lower than the current median sale per square foot for the city of Los Angeles.

About 5110 W Washington Blvd

Detailed summary of property

5110 W Washington Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered -- bedrooms, 34 bathrooms, roughly 10,885 living square feet, and sits on an approximately 23,756 square foot lot. 5110 W Washington Blvd was first listed on ArdentRealEstateGroup.com on July 26, 2023. The homeowner sold the property for $3,750,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 227.31% higher than the current median priced home. Local homes that are currently for sale include 2937 West Blvd, 2340 Crenshaw Blvd and 930 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 95 days, 5110 W Washington Blvd has a days on market of 146 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 5110 W Washington Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5110 W Washington Blvd

Public county record property details
Beds
--
Baths
--
Year built
1946
Sq. Ft.
2,832
Lot Size
7,799
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
1079
APN
5062-006-028

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
80
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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