5062 W Washington Blvd, Los Angeles, CA 90016
- $1,599,000
- 11
- BA
- List Price
- $1,599,000
- MLS#
- 26867059
- Bathrooms
- 11
- Lot Size
- 8,452
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- 1
Property Description
Exceptional value-add and redevelopment opportunity in the heart of Mid-City Los Angeles. Situated on an approximately 8,452 SF LAC2-zoned lot, this property is currently improved with a vacant 11-room motel and offers a wide range of future possibilities. Located within an Opportunity Zone and TOC Tier 1, the site may offer attractive redevelopment potential, subject to buyer's independent investigation and verification with the City of Los Angeles. The property features convenient alley access, providing flexibility for site planning, parking, and future improvements. Ideally positioned near Culver City, Miracle Mile, Mid-Wilshire, Downtown Los Angeles, Metro transit, major freeways, shopping, dining, and employment centers. This centrally located property presents an excellent opportunity for investors, developers, owner-users, or those seeking a long-term investment in one of Los Angeles' most dynamic growth corridors.
Additional Information
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Courtesy of Dream Realty & Investments Inc, Erica Sook Jung - CA DRE#01891150
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