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5134 W Washington Blvd, Los Angeles, CA 90016
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5134 W Washington Blvd Los Angeles, CA 90016

$1,999,000
  • 3 Beds
  • 13 Baths
  • 3,526 Sq.Ft.
For Sale
$1,999,000 Get Pre-Qualified
Map preview of 5134 W Washington Blvd, Los Angeles, CA 90016

Property Overview: 5134 W Washington Blvd Los Angeles, CA has 3 bedrooms, 13 bathrooms, 3,526 living square feet and 8,123 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 4th Price Reduction! 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 and a projected 7.98% CAP upon leasing of the vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants (majority of which are transitional housing) that are currently receiving subsidies up to $1,660 per month! The majority of units compose of bachelor style layouts (no kitchen), with 1 one bedroom unit (stand-alone structure), and 1 two bedroom unit (previous motel office). With 3,526sf of building located on 8,123sf of land, 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 the listing broker.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 2 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 203
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Home details

Lot Sq. Ft
8,123
HOA Dues
$0/mo
Year built
1945
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23322219
City
Los Angeles
County
Los Angeles
Time on Site
205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,536
  • Total Rent: $16,900
  • Pro Forma/Market Rent: $18,260
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,096
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,666
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,666
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.98%
  • Gross Rent Multiplier: 7.85
  • Gross Scheduled Income: --
  • Net Operating Income: $159,496
  • Gross Operating Income: $241,976
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5134 W Washington Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 14
  • Parcel Number: 5062006022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google maps: 5134 W Washington Blvd. Los Angeles, CA 90016
View more facts & features

Local Los Angeles Agent

Sale History for 5134 W Washington Blvd

View property's historical transactions

  • October, 2023

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23322219

    $2,395,000

    Price

Tax History for 5134 W Washington Blvd

Assessed Value (2020): $269,537
Year Land Value Improved Value Assessed Value
2020 $180,290 $89,247 $269,537

Home Value Compared to the Market

This property vs the competition

5134 W Washington Blvd is listed 61.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $566.93 per/sqft which puts the price per square foot 26.75% lower than the median price per square foot for the city of Los Angeles.

About 5134 W Washington Blvd

Detailed summary of property

5134 W Washington Blvd is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 3 bedrooms, 13 bathrooms, roughly 3,526 living square feet, and sits on an approximately 8,123 square foot lot. 5134 W Washington Blvd was first listed on ArdentRealEstateGroup.com on October 17, 2023. The homeowner is currently asking $1,999,000 and was originally asking $2,395,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 61.86% higher than the median priced home. Local competing homes currently for sale include 2000 Clyde Ave, 4817 St Charles Pl and 1296 S Citrus Ave. While the average home in Los Angeles, CA is selling in 94 days, 5134 W Washington Blvd has a days on market of 203 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5134 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 5134 W Washington Blvd

Public county record property details
Beds
--
Baths
--
Year built
1945
Sq. Ft.
1,784
Lot Size
4,224
Stories
1
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
1074
APN
5062-006-022

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.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
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%)

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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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