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$ 1,599,000
Est. payment /mo
Active
5062 W Washington BLVD Los Angeles, CA 90016
11 Baths
8,450 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26867059
HOA Y/N No
Lot Size 8,450 Sqft
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
View Y/N Yes
View City Lights
Total Parking Spaces 11
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5062006034
Special Listing Condition Standard
Listed by Erica Sook Jung Dream Realty & Investments Inc #01891150
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