$1,999,000 Price Analysis 5134 W Washington BlvdLos Angeles, CA 90016 14 bed 14 bath 3,526 SqFt ($566/SqFt) 8,123SqFt lot. Built 1945 Listed 2023-10-17, Taxes $3,637 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 an d 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 minutes away from West Adams and Culver City, both investors and tenants are able to take advantage of the ever-improving amenties 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.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #23-322219 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $91,974 + $185,800 $277,774 | $3,637 |
2021 | $90,171 + $182,157 $272,328 | $3,584 |
2020 | $89,247 + $180,290 $269,537 | $3,616 |
2019 | $87,498 + $176,755 $264,253 | $3,484 |
2018 | $85,783 + $173,290 $259,073 | $3,384 |
2017 | $84,101 + $169,893 $253,994 | $3,316 |
2016 | $82,452 + $166,562 $249,014 | $3,227 |
2015 | $81,214 + $164,061 $245,275 | $3,183 |
2014 | $79,624 + $160,848 $240,472 | $3,201 |
2013 | $79,265 + $160,122 $239,387 | $3,195 |
2012 | $77,711 + $156,983 $234,694 | $3,237 |
2010 | $76,188 + $153,905 $230,093 | $3,182 |
2009 | $75,799 + $153,118 $228,917 | $3,065 |
2009 | $75,619 + $152,755 $228,374 | $3,065 |
2008 | $74,313 + $150,116 $224,429 | $2,941 |
2007 | $72,856 + $147,173 $220,029 | $2,844 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.