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5120 W Washington Blvd, Los Angeles, CA 90016
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5120 W Washington Blvd Los Angeles, CA 90016

$3,750,000 Sold Price as of 03/01/2024
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$3,750,000 Sold Price as of 03/01/2024 Refinance Your Mortgage
Map preview of 5120 W Washington Blvd, Los Angeles, CA 90016

Property Overview: 5120 W Washington Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, -- 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: 15 minutes ago | Last updated: March 5th, 2024 | Source CRMLS | DOM: 146

Home details

Lot Sq. Ft
23,756
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
23294549
City
Los Angeles
County
Los Angeles
Time on Site
289 days

Property Details for 5120 W Washington Blvd

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5062006026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 5120 W Washington Blvd. Los Angeles, CA 90016
View more facts & features

Local Los Angeles Agent

Sale History for 5120 W Washington Blvd

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

  • March, 2024

  • Mar 1, 2024

    Date

    Sold

    CRMLS: 23294549

    $3,750,000

    Price

  • Jul 26, 2023

    Date

    Active

    CRMLS: 23294549

    $4,425,000

    Price

  • July, 2016

  • Jul 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 5120 W Washington Blvd

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,231,001 -- --

Home Value Compared to the Market

This property vs the competition

5120 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.

About 5120 W Washington Blvd

Detailed summary of property

5120 W Washington Blvd is a land that recently sold in Los Angeles, CA 90016. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 23,756 square foot lot. 5120 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 351 Patton St, 843 W 82nd St and 1119 Linda Flora Dr. While the average home in Los Angeles, CA is selling in 93 days, 5120 W Washington Blvd has a days on market of 146 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5120 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 5120 W Washington Blvd

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
4,093
Lot Size
7,757
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
1077
APN
5062-006-026

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
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
75
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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(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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